Chautari Laghubitta posts exceptional growth in the fourth quarter; net profits increase by 173.57% to Rs.2.82 Crore

Chautari Laghubitta Bittiya Sanstha Limited (CHLBS) net profit surges by 173.57 percent in the fourth quarter of the current fiscal year 2075/76.

Publishing the unaudited financial report for the fourth quarter, the microfinance company stated that its net profit has increased to Rs 2.82 crore in the Q4 of fiscal year 2075/76, from Rs 1.03 crore in the corresponding period of the previous fiscal year 2074/75.

The company has borrowings of Rs 89.99 crore till the fourth quarter, up from Rs 44.34 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 1.56 arba in Q4 whereas in the same period last year the figure stood at Rs 77.55 crore.

Its net interest income has also increased from Rs 5.14 crore in corresponding quarter to Rs 9.55 crore till the fourth quarter. It’s paid up capital remains at Rs 18.60 crore with reserve of Rs 4.32 crore in Q4.

Its non-performing loan (NPL) has increased to 0.51% in Q4 from 0.48% in the previous year report.

Its annualized earning per share (EPS) stands at Rs 15.17, net worth per share at Rs 123.20 and the P/E ratio at 30.58 times.