Mahila sahayatra posts net profit of 26.91 lakh in Q2; EPS slips to Rs 6.10

Mahila sahayatra MicroFinance Bittiya Sanstha has published the report for 2nd quarter of the fiscal year 2074/75.

The company has earned a net profit of Rs 36.91 lakh till the end of 2nd quarter. The net profit was Rs 45.79 lakh in the corresponding quarter of the previous fiscal year. This accounts for a fall of  19.38%. MSMBS now has an eps of Rs 6.10.

The interest income has shown a massive rise of 70.92% amounting Rs 4.93 crore. Interest expense has grown by 208.52 % to Rs 2.33crore. The net interest income decreased by 22.14% to Rs 2.60 crore. 

Staff expense has surged to Rs 1.25 crores, showing a massive increase of 49.52%.

Company’s operating profit decreased by 50.39% to Rs 31.29 lakh. 

Both deposit collection and lending has shown an average growth. Deposit collection has surged to Rs 10.71 crore, up from Rs 5.13 crore last year showing a growth 108.88%. Company's lending has increased by70.11 % to Rs 59.91 crore. MSMBS has NPL of 2.94 %.

The company’s reserve has decreased by 13.25% to Rs  1.92 crore. The company now has a networth of Rs 116. 

Positive sides:

• Decent growth in deposit and lending.
• NPL decrease to 2.94% from 3.64%.

Negative Sides:

• A hefty increase in interest expenses.
• Net profit decreased by 19.38%.

Key Ratios:

EPS:                Rs 6.10
Networth:         Rs 116
Cost of Fund:  9.59%
NPL:                2.94%