Mero Mircrofinance's Profit Declined

Artha Kendra Artha Kendra
Fri, Feb 02, 2024 09:48 AM
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Mero Microfinance Laghubitta Bittiya Sanstha has reported a decrease in its financial performance during the second quarter of the fiscal year 2080/81. The microfinance's net profit has decreased by 5.14% reaching Rs. 6.43 Crore in this quarter.

The NPL of microfinance has increased from 4.96% to 7.87% in this quarter. The paid-up capital is Rs. 1.32 Arba, and the reserve has been settled to Rs. 64.96 Crore after an increase of 11.58% from the previous year.

After the decrease in net profit, the EPS has slightly declined. The microfinance's Earnings per Share (EPS) is Rs 9.74, after decreasing by Rs. 1.50 and the Price to Earnings (P/E) ratio is 61.15 times. 

Figures in Table:

Profit Rs. 6.43 Cr. (-5.14%)
Net Worth Rs. 149.22
EPS Rs. 9.74 (-1.50)
PE Ratio 61.15 Times
Reserves Rs. 64.96 Cr. (+11.58%)
Paidup Capital Rs. 1.32 Arba.
NPL 7.87%
LTP Rs. 550.90
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