Mahila Sahayatra Microfinance Bittiya Sanstha Limited (MSMBS) has reported increment in net profit of about 240% in the second quarter of the fiscal year 2075/76 compared to the corresponding quarter of the previous year.
According to the unaudited financial report for the second quarter published today, the microfinance has stated that its net profit increased to Rs 1.25 Crore in the second quarter as compared to Rs 36.92 Lakh in the corresponding quarter of the last fiscal year 2074/75.
Its deposits have increased outstandingly to reach Rs 23.05 Crore in the second quarter of the fiscal year 2075/76 from Rs 10.70 Crore in the corresponding quarter of the previous fiscal year. It has floated loans of Rs 1.02 Arba in the second quarter of fiscal year 2075/76.
The borrowing of the microfinance has increased from Rs 38.05 Crore in the corresponding quarter of the previous year to Rs 65.73 Crore in the second quarter of the fiscal year 2075/76.
Its net interest income has also increased to Rs 3.67 Crore in the Q2 up from Rs 2.60 Crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs 1.51 Crore in Q2 of the ongoing fiscal year.
MSMBS's paid up capital stand at Rs 12.10 Crore and reserve and surplus is Rs 2.31 Crore in second quarter of FY 2075/76.
It's Earnings per Share (EPS) stands at Rs 20.74 increasing by almost 240% compared to the corresponding quarter of the previous year and net worth per share stands is at Rs 119 up from Rs 116 posted in the corresponding quarter.