First Microfinance Laghubitta Posts Rs. 1.77 Crore Net Profit in Q1 FY 2083/84; Net Interest Income Rises 7.33%
Summary
First Microfinance Laghubitta Bittiya Sanstha Limited posted a net profit of Rs. 1.77 crore in Q1 FY 2083/84, up 5.57% year-on-year on the back of higher net interest income and operating profit. The company also reported stronger capital adequacy and a lower cost of funds, while its NPL ratio improved to zero.
Key Points
- First Microfinance Laghubitta Bittiya Sanstha Limited reported a net profit of Rs. 1.77 crore in Q1 FY 2083/84, up 5.57% from the same quarter last year.
- Net interest income rose 7.33% to Rs. 16.86 crore and operating profit increased 5.57% to Rs. 2.54 crore.
- The company’s capital adequacy ratio improved to 36.91% and its NPL ratio fell to 0.00%.
- Borrowings declined 16.10% and the cost of funds dropped to 4.63% during the quarter.
