Support Microfinance Financial Institution Ltd. has released its unaudited financial results for the second quarter of the current fiscal year 2082/83. The institution reported a net profit of NPR 3.17 crore, marking a 104.83% increase compared to NPR 1.55 crore in the same period last year. The growth in profit was primarily driven by a significant rise in net interest income and operating revenue.
Up to the second quarter, the microfinance’s net interest income increased by 73.20% to NPR 8.94 crore, while total operating income rose by 60.21% to NPR 10.39 crore. Operating profit grew by 73.83%, reaching NPR 3.84 crore. During the review period, the institution recorded an impairment charge of NPR 16.65 lakh. The bad loan ratio increased by 1.43 percentage points to 3.17%.
Support Microfinance’s paid-up capital stands at NPR 12.24 crore. The distributable profit is NPR 4.40 crore, and the reserve fund holds NPR 10.89 crore. Earnings per share (EPS) increased by NPR 26.55 to reach NPR 51.87, while distributable EPS is NPR 71.92, and net worth per share stands at NPR 189.01. As of the end of Poush, the price-to-earnings (P/E) ratio was 34.37 times.
The institution’s strong performance reflects steady growth in interest income and operational efficiency, despite a marginal rise in non-performing loans.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
