Janautthan Samudayic Laghubitta reports 112% rise in net profits and Mahila Sahayatra Microfinance reports fall of 8.73%

Mon, Nov 18, 2019 2:40 PM on Financial Analysis, Latest, Stock Market,
Janautthan...

Janautthan Samudayic Laghubitta Bikas Bank Limited (JSLBB) posted a significant rise of 112.49% in the net profits. The net profit stood at Rs. 1 crore this year as compared to the profit of Rs. 47.30 lakh last year.

The microfinance company collected deposits equal to Rs 44.41 crore while loans and advance amounted to Rs 1.43 arba.

The borrowings of the company grew to Rs. 99.17 Crore, marking an increase of 24.13%. The paid-up capital of the company stands at Rs 5.76 crore with a reserve of Rs 8.93 crore.

The annualized EPS of the company stands at Rs 69.44.

First Quarter Report

Mahila Sahayatra Microfinance Bittiya Sanstha Limited (MSMBS) has reported fall in net profit of about 8.73% in the first quarter of the fiscal year 2076/77 compared to the corresponding quarter of the previous year.

According to the unaudited financial report for the first quarter published today, the microfinance company's net profit decreased to Rs 46.66 lakh in the first quarter as compared to Rs 51.13 lakh in the corresponding quarter of the last fiscal year 2075/76.

Its deposits have increased outstandingly to reach Rs 47.89 Crore in the first quarter of the fiscal year 2076/77 from Rs 18.04 Crore in the corresponding quarter of the previous fiscal year. It has floated loans of Rs 1.23 arba in the first quarter of fiscal year 2076/77.

The borrowing of the microfinance has increased from Rs 58.01 Crore in the corresponding quarter of the previous year to Rs 84.35 Crore in the first quarter of the fiscal year 2076/77.

Its net interest income has also increased to Rs 2.42 Crore in the Q1 up from Rs 1.68 Crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs 51.11 lakh in Q1 of the fiscal year 2076/77.

MSMBS’s paid up capital stands at Rs 12.10 Crore and reserve and surplus is Rs 4.88 crore in first quarter of FY 2076/77.

It’s annualized earnings per share (EPS) stands at Rs 15.43 and net worth per share stands at Rs 140. The PE Ratio was reported at 31.96 times.

First Quarter Report