Civil Laghubitta earns net profit of Rs 1 crore till second quarter rising by 35%; Annualized EPS at Rs 17.64

Civil Laghubitta Bittiya Sanstha Limited (CLBSL) has reported profit growth of 35.55% in the second quarter of the fiscal year 2076/77.

According to the unaudited financial report for the second quarter published today, the microfinance company has stated that its net profit increased to Rs.1 crores till the second quarter as compared to Rs.74.26 Lakhs in the corresponding quarter of the last fiscal year (2075/76).

The borrowing of the microfinance has increased from Rs.37.63 Crore in the corresponding quarter of the previous year to Rs.74.48 Crore till the second quarter of the current fiscal year.

The net interest income has increased to Rs.4.56 Crore in the second quarter of fiscal year 2076/2077 from Rs.2.94 Crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs.88.21 Lakhs and has provisioned Rs.1.08 crore for possible losses.

Civil Laghubitta’s paid-up capital stands at Rs.11.41 Crore till the second quarter of FY 76/77. Its reserve & surplus rises to Rs.3.59 Crore in the second quarter from Rs.1.74 Crore in the corresponding quarter of last fiscal year.

It’s annualized earnings per share (EPS) stands at Rs.17.64. The net worth per share stands at Rs.131.51 and the quarter-end P/E ratio at 45.34 times.

CLBSL is issuing 11.41 lakh units right shares at the ratio of 1:1. The company will raise Rs 11 crore 41 lakh 14 thousand from the issue. Post right share and FY 2075/76 proposed 5% bonus share, the paid-up capital will be Rs 23.40 crore. 

Second Quarter Report