Laxmi Laghubitta & Reliable Microfinance reports outstanding profit growth of 219.43% & 125.73 % respectively in Q3
Mon, Apr 25, 2016 11:33 AM on Latest, Financial Analysis, Featured, Stock Market,
Laxmi Laghubitta Bittiya Sanstha Limited (LLBS) has posted a net profit of Rs 4.11 crore in third quarter of the fiscal year 2072/73.The net profit up surged by 219.43% compared to the net profit of the previous fiscal year. The figure stood at Rs 1.28 crore in the previous year corresponding quarter.
According to unaudited financial statement published by the microfinance its borrowings increased to Rs 79.02 crore in Q3 from Rs 43.78 crore of the previous corresponding quarter fiscal year.
The operating profit of the microfinance stands at Rs 6.40 crore whereas in the corresponding quarter of the previous fiscal year the amount was Rs 1.80 crore.
The microfinance net interest income stands at Rs 10.19 crore compared to the net interest income Rs 4.73 crore in the corresponding quarter of previous fiscal year.
LLBS Non-Performing Loan (NPL) remains at 0.75%.Its annualized EPS (annualized) stands at Rs 49.90, PE ratio at 47.30 times and net worth per share is at Rs 145.09.
Likewise, Reliable Microfinance Bittiya Sanstha Limited (RMFL) has posted 125.73 percent growth in net profit for the third quarter of the fiscal year 2072/73. The microfinance company earned Rs 1.48 crore in Q3 .The figure stood at Rs 65.91 lakh in the previous year corresponding quarter.
Publishing the unaudited financial statement for third quarter today, the microfinance stated that its borrowings increased to Rs 31.70 crore from Rs 22.72 crore in Q3.
The microfinance has operating profit of Rs 2.33 crore whereas in the corresponding quarter of the previous fiscal year the amount was Rs 1.01 crore.
The microfinance net interest income increased to Rs 3.41 crore compared to Rs 1.73 crore in the corresponding quarter of previous fiscal year.
RMFL Non-Performing Loan (NPL) stood at 0.26%.Its earning per share (EPS) stands at Rs 35.11, PE ratio at 12.13 times and net worth per share is at Rs 131.47.
According to unaudited financial statement published by the microfinance its borrowings increased to Rs 79.02 crore in Q3 from Rs 43.78 crore of the previous corresponding quarter fiscal year.
The operating profit of the microfinance stands at Rs 6.40 crore whereas in the corresponding quarter of the previous fiscal year the amount was Rs 1.80 crore.
The microfinance net interest income stands at Rs 10.19 crore compared to the net interest income Rs 4.73 crore in the corresponding quarter of previous fiscal year.
LLBS Non-Performing Loan (NPL) remains at 0.75%.Its annualized EPS (annualized) stands at Rs 49.90, PE ratio at 47.30 times and net worth per share is at Rs 145.09.
Likewise, Reliable Microfinance Bittiya Sanstha Limited (RMFL) has posted 125.73 percent growth in net profit for the third quarter of the fiscal year 2072/73. The microfinance company earned Rs 1.48 crore in Q3 .The figure stood at Rs 65.91 lakh in the previous year corresponding quarter.
Publishing the unaudited financial statement for third quarter today, the microfinance stated that its borrowings increased to Rs 31.70 crore from Rs 22.72 crore in Q3.
The microfinance has operating profit of Rs 2.33 crore whereas in the corresponding quarter of the previous fiscal year the amount was Rs 1.01 crore.
The microfinance net interest income increased to Rs 3.41 crore compared to Rs 1.73 crore in the corresponding quarter of previous fiscal year.
RMFL Non-Performing Loan (NPL) stood at 0.26%.Its earning per share (EPS) stands at Rs 35.11, PE ratio at 12.13 times and net worth per share is at Rs 131.47.
