Kathmandu. Gurans Laghubitta Bittiya Sanstha Limited has published its unaudited financial statements for the first quarter of the current fiscal year. According to the report, the net profit of the microfinance company has increased compared to the same period of the last fiscal year.

In the first three months of the current FY, the microfinance company has earned a net profit of Rs 1.44 crore. It was 42.57 percent more than the same period last year. The company had posted a net profit of Rs 1.01 crore in the same period last year.

The increase in net profit is due to increase in net interest income and reversed impairment charge. In the review period, the net interest income of the microfinance company increased by 36.73 percent, while the net fee and commission income increased by 176.92 percent.

Similarly, the total operating income of the microfinance company increased by 16.02 percent and operating profit by 39.54 percent in the review period. As of mid-October, the impairment charge of microfinance has been reversed to Rs 9,92,000. The microfinance company has a distributable profit of Rs 64 lakh and its distributable earnings per share is Rs 22.17.

Along with the profit, the earnings per share of the microfinance company has also increased. In the review period, the income of the microfinance company increased by Rs 14.93 to Rs 50.02. During the period, the company has net worth per share of Rs 172.18 and P/E ratio of 39.30 times.

The microfinance company has a paid-up capital of Rs 11.58 crore and reserve fund of Rs 8.37 crore. At the end of the first quarter, the microfinance company has disbursed Rs 1.89 billion in deposit and loan of Rs 2.04 billion.