Mero microfinance Laghubitta Bittiya Sanstha has published third quarter report of FY 2075/76. Net profit surged by 86.58% in comparing period.
As per the published report, it has reported surge in net profit to Rs.11.18 crore in this Q3 of Fiscal year 2075/76 from Rs.5.99 crore in the same period of fiscal year 2074/75.
It has borrowed Rs. 2.70 arba and deposit of Rs.1.07 arba in Q3. It had floated loan & advances of Rs.4.37 arba in the third quarter. Deposit collection increased by 53.51% and loan disbursement increased by 44.54%.
Its net interest income increased to Rs.25.81 crore in Q3 from Rs.15.22 crore in the last corresponding quarter of FY 2074/75.
Operating profit increase to Rs.17.57 crore from of Rs.9.41 crore in the last year. Operating profit increased by 86.58%.
Its paid up capital is Rs.32.89 crore with reserves of Rs.18.85 crore. Paid up capital increased by 15% & reserve rose by 52.37% in the comparing period.
Its non performing loan stands at 2.04% from 1.39% which is not so good. Cost of fund 9.62%.
Annualized earning per share (EPS) stands at Rs 45.33, Net worth per share at Rs.157.34 and PE ratio at 12.33 times.
