Mithila Laghubitta and Sana Kisan bikas bank net profit mounts by 102.58 % and 36.75 % respectively

Mithila Laghubitta Bikas Bank Limited (MLBBL) has posted net profit growth of 102.58 % for the first quarter of the current fiscal year 2072/73. As per the unaudited financial report for the first quarter, the development bank has stated that its net profit rose to Rs.9.67 lakh, up from Rs.4.77 lakh as compared to the corresponding quarter of the previous fiscal year 2071/72. The microfinance has collected deposits of Rs.3.38 crore in the first quarter compared to Rs 1.24 crore in the corresponding quarter last year. It floated loans of Rs.23.30 crore, increasing from Rs.10.14 crore. Mithila Laghubitta Bikas Bank’s net interest income rose to Rs.76.14 lakh from Rs.27.05 lakh in the first quarter of 2072/73. It’s paid up capital remains at Rs.2.82 crore with reserve and surplus amount Rs.1.09 crore in Q1. MLBBL’s NPL increased to 3.65 % from 2.58 %in Q1. Its annualized EPS stands at Rs.13.68, net worth per share at 138.62 and P/E ratio at 75.24 times. Click Here For Announcement Similarly, Sana Kisan Bikas Bank Limited (SKBBL) has reported a net profit of Rs.4.88 crore for the first quarter of the fiscal year 2072/73. The profit increased by 36.75 % as compared to the corresponding quarter of the previous fiscal year. The microfinance has borrowings of Rs.7.52 arba in Q1 rising from Rs.5.35 arba in previous year’s Q1 report. The Microfinance’s net interest income reached to Rs.10.70 crore, up from Rs.7.22 crore. Sana Kisan has a paid up capital of Rs.23.06 crore with reserve of Rs.81.64 crore . Its NPL reached to 0.16% in Q1. Its EPS remains at Rs.84.73, net worth per share at Rs.453.95 and P/E ratio at 22.13 times. Click Here For Announcement