NMB Microfinance Bittiya Sanstha has published first quarter report of FY 2075/76. It has reported decline in net profit by 88.51% in comparing period.
As per the published report, the microfinance has reported decline in net profit to Rs.10.17 lakh in this Q1 of Fiscal year 2075/76 from Rs.88.54 lakh in the same period of last fiscal year 2074/75.
It has borrowing of Rs.1.83 arba & deposit of Rs.77.54 crore and floated in loan & advances of Rs.2.37 arba in the first quarter. Deposit increased by 58.44% and loan disbursement increased by 21.40%.
Its net interest income increased to Rs.4.40 crore in Q1 from Rs.4.19 crore in the last corresponding quarter. Operating profit decreased to Rs.15.13 lakh from Rs.1.38 crore in the last year. Operating profit decreased by 89.09% in the comparing period.
Major reason to decrease in net profit is due to provision for possibles losses of Rs. 1.29 arba.
Its paid up capital is Rs.14.08 crore with reserves of Rs.11.13 crore.
Its non performing loan stands at 2.72% from 1.38% in the last year and Cost of fund at 9.73%.
Annualized earning per share is Rs.2.89, Net worth per share is Rs.179.06 and PE ratio stands at 569.28 times.
