Swadeshi and Unnati Microfinance Significantly Increase Net Profit

Nov 01, 2018 Merolagani

In the first quarter of the current FY, Swadeshi and Unnati Microfinance significantly increase net profit by 218.11 percent and 87.38 percent respectively.

Swadeshi Laghubitta (SDESI) earned a net profit of Rs 8.3 million in the first quarter of the current FY which was Rs 2.6 million in the corresponding period of the last FY.

In the review period, the company collected deposit of Rs 708.6 million and extended loan of Rs 2.48 billion. The company that is issuing 100 percent right shares has a paid-up capital of Rs 115 million and EPS of Rs 29.03.

It has net worth per share of Rs 218.04 and reserve fund of Rs 135.7 million. The company that improved its bad debt ratio at 1.67 percent has capital fund ratio of 10.16 percent.

Similarly, Unnati Microfinance Company (UMB) has earned a net profit of Rs 8.4 million in the first quarter of the current FY compared to Rs 4.5 million of the last FY.

In the review period, the company collected deposit of Rs 386.4 million and extended loan of Rs 1.13 billion. The company raised its deposit collection by 102 percent and loan extension by 29 percent in the review period.

The company that increase its paid-up capital to Rs 55 million after IPO has EPS of Rs 61.46, net worth per share of Rs 179.22 and reserve fund of Rs 43.5 million.

The company has bad debt ratio of 0.74 percent and capital fund of 8.98 percent.

 

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