Mero Microfinance Laghubitta Bittiya Sanstha has published second quarter report of FY 2075/76. It has reported increase in net profit by 79.07% in comparing period.
As per the published report, it has reported increase in net profit to Rs.6.18 crore in this Q2 of Fiscal year 2075/76 from Rs.3.45 crore in the same period of fiscal year 2074/75.
It has borrowing of Rs.2.63 arba & deposit of Rs.96.00 crore and floated in loan & advances of Rs.3.99 arba in the second quarter. Deposit increased by 54.09%. & loan flow increase by 49.93%.
Its net interest income increased to Rs.15.07 crore in Q2 from Rs.10.28 crore in the last corresponding quarter. Operating profit increased to Rs.9.72 crore from Rs.5.42 crore in the last year. Operating profit rose by 79.07% in the comparing period.
Its paid up capital is Rs.32.89 crore with reserves of Rs.13.86 crore.
Its non performing loan stands at 1.87% from 1.28% in the last year.
Annualized earning per share is Rs.37.32, Net worth per share is Rs.142.15 and PE ratio stands at 28.47 times.
