Butwal based Chautari Laghubitta reports exceptional rise in the profit by 78.28%; EPS and Net worth stands at Rs 8.15 and Rs 111.85 respectively

Mon, Jul 23, 2018 1:50 AM on Financial Analysis, Latest, Stock Market,

Chautari Laghubitta Bittiya Sanstha has published its fourth quarter report for the fiscal year 2074/75 showing massive growth in net profit by 78.28%.

The financial report published today reported the net profit of the microfinance as Rs 1.02 crore which was Rs 57.60 lakh in the corresponding quarter of the previous fiscal year.

The microfinance company collected Rs 22.34 crore as deposits and floated Rs 77.55 crore as loans and advances. Borrowings stood at Rs 44.34 crore which was Rs 21.21 crore in the corresponding quarter.

The net interest from income was Rs 5.14 crore and the operating profit stood at Rs 62.51 lakhs.

EPS of Chautari Laghubitta stood at Rs 8.15 and Net worth stood at Rs 111.85.

Major Highlights:

Particulars (In Rs '000)

CHAUTARI

Q4 2074/75

Q4 2073/74

Difference

Paid Up Capital

126,000

21,000

500.00%

Reserve & Surplus

14,928

97,696

-84.72%

Deposits

223,461

89,214

150.48%

Borrowings

443,489

212,172

109.02%

Loans & Advances

775,536

381,283

103.40%

Net Interest Income

51,454

26,657

93.03%

Provision for possible losses

15,540

2,908

434.32%

Operating Profit

6,251

9,209

-32.12%

Net Profit

10,269

5,760

78.28%

NPL (%)

0.48

0.14

242.86%

Annualized EPS (In Rs.)

8.15

27.43

-70.29%

Net Worth per Share (In Rs.)

111.85

565.22

-80.21%