Janauthhan Samudayic Laghubitta Bikas Bank Limited (JSLBB) has stated net profit rise of 52.09% in the first quarter (Q1) of current FY 2074/75. The net profit of the company has increased to Rs 37.20 lakh in Q1 up from Rs 24.46 lakh in the corresponding quarter of the previous fiscal year 2073/74.
As per the unaudited financial report published today, its net interest income surged to Rs 1.26 crore in Q1 up from Rs 1.06 crore in the corresponding quarter. The microfinance institution’s borrowing remains to be Rs 54.09 crore and has collected Rs 15.87 crore in deposits.
Likewise, it has extended loans and advances of Rs 66.28 crore in Q1 of FY 2074/75 whereas in the same period last year the figure stood at Rs 41.05 crore.
JSLBB has a paid up capital of Rs 2.88 crore and has Rs 3.27 crore in reserve and surplus. Its non- performing loan (NPL) has depreciated to 1.14 % in the first quarter of the FY 2074/75 from 2.51 percent in corresponding quarter of last year.
Janauttha Samudayik’s earning per share (EPS) stands at Rs 51.67 in Q1. Its net worth per share stands at Rs 213.56 and P/E ratio is 59.32 times. The microfinance company had announced 20% bonus share and 1.05 % cash dividend to its shareholders from the profit it earned in the last fiscal year 2073/74.
Major Highlights:
| Particulars (In Rs '000) |
JSLBB |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
28,800 |
24,000 |
20.00% |
| Reserve & Surplus |
32,704 |
21,624 |
51.24% |
| Deposits |
158,778 |
93,443 |
69.92% |
| Borrowings |
540,963 |
294,409 |
83.75% |
| Loans & Advances |
662,815 |
410,590 |
61.43% |
| Net Interest Income |
12,670 |
10,678 |
18.66% |
| Provision for possible losses |
2,015 |
3,527 |
-42.87% |
| Operating Profit |
5,641 |
3,226 |
74.86% |
| Net Profit |
3,720 |
2,446 |
52.09% |
| NPL (%) |
1.14 |
2.51 |
-54.58% |
| Annualized EPS (In Rs.) |
51.67 |
40.77 |
26.74% |
| Net Worth per Share (In Rs.) |
213.56 |
190.10 |
12.34% |
| P/E Ratio (In times) |
59.32 |
- |
- |
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