Aarambha Microfinance Earns Net Profit of Rs 3.1 Mn

Feb 06, 2019 Merolagani

Aarambha Microfinance (AMFI) has earned a net profit of Rs 3.1 million in the second quarter of the current FY compared to Rs 527,000 of the corresponding period of the last FY.

The company with Rs 60 million in paid-up capital has reserve fund of Rs 206,000. The bank collected deposit of Rs 131 million, borrowed Rs 268.1 million and extended loan of Rs 408.4 million.

During the period, the company earned Rs 14.6 million in net interest income. The company has bad debt of 2.73 percent, EPS of Rs 10.50, net worth per share of Rs 100.34 and P/E ratio of 140.94 times.

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