Although the overall financial sector was presumed to be affected by COVID-19, the retain finance provider microfinance companies are apparently have not been so much affected by the pandemic, however, their non-performing loans have increased during the period.
RSDC Laghubitta Logged Highest Increase in Net Profit
By the review period, although Sana Kisan Laghubitta has the highest net profit, RSDC Laghubitta topped the list with the highest increment in its net profit. RSDC Laghubitta Increased its net profit by 40 percent during the period. Meanwhile, Sana Kisan Laghubitta earned Rs 465.3 million in net profit which is the highest profit earned by the four microfinance companies.
First Microfinance Company has earned the lowest net profit during the period.
Net Interest Income and Operating Profit
In the review period, the companies have increased its net interest income and operating profit.
First Microfinance logged the highest increase in net interest income however Sana Kisan Laghubitta logged the lowest of 14 percent increment in net interest icnoem during the period.
Similarly, RSDC increased its operating income by the highest 24 percent while Sana Kisan Laghubitta increased by 6 percent.
Sana Kisan Laghubitta Tops Paid-up Capital and Reserve fund
Sana Kisan has the highest paid-up capital and reserve fund among the four companies.
Whereas RSDC Laghubitta has the lowest paid-up capital and reserve fund among them.
First Microfinance Provides Highest Loans
In the third quarter, First Microfinance has extended the highest loans while Sana Kisan has the lowest loan extension.
Sana Kisan Laghubitta Logs Highest EPS and Net Worth
Sana Kisan Laghubitta has the highest EPS and net worth during the third quarter of the current FY. It has Rs 49.57 in EPS, however, the EPS and net worth has declined compared to the corresponding period of the last FY.meanwhile, RSDC Laghubitta has the lowest EPS of Rs 13.09 and net worth per share of Rs 118.98.
