Janauttan Samudayic Laghubitta reports massive 60% increase in the net profits for the third quarter; net interest income grows by more than 55%

Janautthan Samudayic Laghubitta Bikas Bank Limited (JSLBB) posted a rise of 59.87% in the net profits. The net profit stood at Rs 1.82 crore this quarter as compared to profit of Rs 1.14 crore posted in the corresponding quarter last year.

The microfinance company collected deposits equal to Rs 36.35 crore while loans and advance amounted to Rs 1.30 arba by the end of the third quarter.

The net interest income stood at Rs 6.29 crore compared to Rs 4.03 crore posted in Q3 of the previous fiscal year. It has grown by 55.78%

The borrowings of the company grew to Rs 89.44 Crore, marking an increase of 45.05% compared to corresponding quarter of the previous year.

The paid-up capital of the company stands at Rs 3.90 crore with reserve of Rs 5.90 crore.

The annualized EPS of the company stands at Rs 65.22. The net worth per share stands at Rs 258.16. As of the third quarter, the PE Ratio stands at 45.08 times.