Mirmire Microfinance shows a tremendous growth of 74% in Net Profit ; EPS of Rs 62.86

Mirmire Microfinance has published the report for 3rd quarter of the fiscal year 2074/75.

The company has earned a net profit of Rs 2.12 crores till the end of 3rd quarter. The net profit was Rs 1.21 crores in the corresponding quarter of the previous fiscal year. This accounts for a amormous growth of 74%. MMFDB now has an eps of Rs 62.86.

A massive growth is seen both in the interest income and interest expense of the company. As a result, the net interest income has inflated by 22.63% to Rs 5.92 crores. 

Staff expense rose significantly to Rs 3.69 crores. The operating expense also surged to Rs 1.56 crores from Rs 1.19 crores. 

Company’s operating profit has increased massively by 60.65% to Rs 2.67 crores. 

Borrowing has surged to Rs 89.43 crores, up from 54.35 crores arba last year showing a growth of 64.54%. Company's lending has increased by 67% to Rs 1.24 arba.  

Key Ratios:

EPS                : Rs 62.86
Networth         : Rs 211.28
Cost of Fund  : 15.69%
NPL                : 0.97%
P/E Ratio        : 38.98 times

P/B Ratio        :  11.59 times