Chhimek Laghubitta and Sana Kisan profit mounts by 122.75% and 34.92% respectively
Mon, Aug 10, 2015 12:00 AM on Others,
ShareSansar, August 10;
Chhimek Laghubitta Bikas Bank Limited (CLBBL) has posted a massive rise in net profit by 122.75% in the fourth quarter of last fiscal year .
According to the unaudited quarterly report published by Chhimek Laghubitta today, the microfinance stated that it has a net profit of Rs 28.74 crore in the Q4 doubled as compared to Rs 12.90 crore in the corresponding quarter of the previous fiscal year..
The microfinance net interest income has risen to Rs 71.35 crore, up from Rs 40.84 crore in the corresponding quarter of the previous fiscal year. Its paid up capital remains at 28.36 crore.
The borrowings of Chhimek remain to be Rs 3.05 arba in Q4 escalating from Rs 2.07 arba in the corresponding quarter of the previous fiscal year. Likewise its loan and advances has extended to Rs 7.61 arba in Q4 of FY 2071/72 up from Rs 4.78 arba in the previous year report of FY 2070/71.
Its non-performing loan (NPL) has also gone down from 0.03percent to 0.02 percent by the end of the Q4.
It’s annualized EPS stands at Rs 101.34, net worth per share is priced at 193.96 and its P/E ratio is at 13.80 times.
Chimek Laghubitta Bikas Bank has been providing microfinance services for the past eleven years to deprived and vulnerable households residing in various regions of the country.
Click Here For Announcement Of Chhimek Laghubitta Bikas Bank
Likewise, Sana Kisan Bikas Bank Limited (SKBBL) has reported net profit rise by 34.92% in the fourth quarter of last fiscal year. .
Publishing the unaudited financial report for Q4 published today, the microfinance company has stated that its net profit has surged to Rs 15.39 crore in Q4 boosting up from Rs 11.40 crore in the corresponding quarter of the previous fiscal year 2070/71.
The microfinance borrowings endure to be 7.17 arba in Q4 up from Rs 5.22 arba in the corresponding quarter. Its loan and advances has extended to Rs 8.09 arba in Q4 up from Rs 5.36 arba in the previous year report. The paid up capital of microfinance stood at 23.06 crore.
Its NPL increased from 0.11% in the corresponding period of the previous FY 2070/71 to 0.17% in the Q4 of last FY 2071/72 .
Sana Kisan’s EPS is now priced at Rs 66.73, its net worth per share stands at Rs 440.11 while the P/E ratio stands at 23.11 times.
Sana Kisan Bikas Bank is an apex microfinance oriented to provide wholesale credit along with the technical support services mainly to the Small Farmers Cooperatives Ltd ( SFCls) and similar types.
