Janautthan Samudayic Laghubitta profit decrease to Rs 72.27 lakh; EPS at Rs 50.19

Janautthan Samudayic Laghubitta Bikas Bank Limited (JSLBB) has reported decrease in profit of 19.17% in the second quarter of the current fiscal year 2074/75. According to the unaudited financial report for the second quarter published today, the microfinance has stated that its net profit decreased to Rs 72.27 lakh in second quarter as compared to Rs 89.40 lakh in the corresponding quarter of the last fiscal year 2073/74. Its deposits have increased outstandingly by 68.78% to reach Rs 18.12 crore in the second quarter of the current fiscal year 2074/75 from Rs 10.74 crore in the corresponding quarter of the previous fiscal year. It has floated loans of Rs 70.53 crore in the second quarter of current fiscal year 2074/75. The borrowing of the microfinance has increased from Rs 35.44 crore in the corresponding quarter of the previous year to Rs 54.23 crore in the second quarter of the current fiscal year 2074/75. Its net interest income has also increased to Rs 2.52 crore in the Q2 up from Rs 2.35 crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs. 1.09 crore in Q2 of the ongoing fiscal year. JSLBB’s paid up capital stand at Rs 2.88 crore and reserve and surplus is Rs 3.62 crore in second quarter of FY 2074/75. It has issued 20% bonus shares and 100% right shares. Its paid up capital will reach to Rs 5.76 crore after bonus and right shares. It’s annualized Earnings per Share (EPS) stands at Rs 50.19, net worth per share stands is at Rs 225.73 and P/E ratio at 59.78 times. Q2 Report