Chhimek Laghubitta reports astounding profit rises by 71.26% in Q3; Sana Kisan earning mounts by 30.31%

Chhimek Laghubitta Bikas Bank Limited (CBBL) has reported 71.26% growth in net profit for the third quarter of the current fiscal year 2072/73. Publishing the unaudited financial report for the third quarter today, the microfinance company has stated that its net profit rose to Rs 33.02 crore in third quarter, up from Rs 19.28 crore reported in the corresponding quarter of the previous fiscal year 2071/72. The write back of provision for possible losses has increased to Rs 1.41 crore in current fiscal year  from Rs 4.5 lakh  as compared corresponding quarter of last fiscal year. The microfinance has borrowings of Rs 3.81 arba in the 3^rd quarter compared to Rs 2.87 arba in the corresponding quarter last year. Likewise, it extended loans of Rs 9.28 arba, up from Rs 7.19  arba.  It has collected deposits of Rs 6.07 arba. It has a paid up capital of Rs 59.57 crore with reserve of Rs 79.63 crore in Q3. Chhimek Laghubitta’s net interest income has risen from Rs 49.56 crore in the corresponding quarter last year to Rs 75.42 crore in the third quarter of fiscal year 2072/73. It posted an operating profit of Rs 51.37 crore in Q3 up from Rs 30.31 crore in corresponding quarter. The microfinance non-performing loan (NPL) has slightly inclined from 0.02% in the corresponding quarter to 0.24 % in Q3. Its Earning per Share (EPS) now stands at Rs 75.19, net worth per share at Rs 233.67 and P/E ratio at 24.07 times. Likewise, Sana Kisan Bikas Bank Limited (SKBBL) has reported a net profit of Rs 16.01 crore in the third quarter  for the fiscal year 2072/73.The profit surged by 39.76% as compared to the  corresponding quarter  of the previous fiscal year. As per the unaudited financial report published today, the micro finance company has posted net interest income of Rs 33.75 crore increasing from Rs 24.81 crore in the corresponding quarter of the previous fiscal year. The microfinance company has borrowed amount of Rs 8.73 arba. The figure was Rs 7.10 arba in the corresponding quarter of the previous fiscal year. The micro finance has paid up capital of Rs 40.24 crore in Q3 with reserve of Rs 86.02 crore. Its non-performing loan (NPL) has slightly decreased to 0.13% in Q3 from 0.18%  the corresponding quarter. Sana Kisan EPS and net worth remains at Rs 62.29 and Rs 366.25 respectively. Its PE stands at 31.87 times.