1.36 times over Vision Lumbini Urja’s IPO 

Kathmandu: Unrefined financial statements for the first quarter of the current financial year have been released. The three microfinances are normal in terms of net profit. While the condition of Global and Gurans is relatively good, the condition of First Microfinance is poor. Compared to this period of the last financial year, the net profit of First Micro has decreased by about 20.52 percent from 637 million to 566 million. With the decrease in net interest income, the net profit of microfinance has also decreased. The net profit of Global IME Microfinance has increased by 27.15 percent from 26.7 million to 34 million, while the net profit of Gurans Microfinance has become positive compared to this period of the previous financial year.

Up to this period of the last financial year, the net profit was negative by amount Rs.622,000.

Other indicators of First Micro are also not so positive. By mid-October, the distributable profit is 204.7 million rupees, while the distributable profit per share is 17 rupees 84 paise. The net interest income has also decreased by 33.27 percent to 81 million rupees, while the total operating profit has also decreased by 26.60 percent. Similarly, the operating profit has decreased by 91.1 million rupees to 72.4 million rupees.

Along with the net profit, the income per share has also decreased from 9 rupees 15 paisa to 142 rupees 37 paisa, while the net worth per share is 142 rupees 37 paisa and the price earnings ratio is 35.63 times.

Other indicators of global IME and Gurans microfinance have been positive. Net interest income increased by 13.85 percent while total operating income increased by 12.22 percent and operating profit increased by 26.74 percent. But by the end of October, the distributable profit has been negative at 67 lakh rupees. Along with the profit, the earnings per share have also increased from 2 rupees 62 paise to 21 rupees 98 paise. The price earnings ratio is 39.76 times and the net worth per share is 181 rupees 50 paise.

The net interest income of Gurans microfinance has increased by 118.91 percent to Rs.129 million, while the total operating income has increased by 55.78 percent to Rs.194 million. Similarly, the earnings per share is 3 rupees 68 paisa and the net worth per share is 124 rupees 54 paisa.