Mithila Laghubitta posts 100% growth in net profits by the end of Q4; EPS stands at Rs.19.38 and net worth per share at Rs.148.39

Mithila Laghubitta Bikas Bank (MLBBL) has posted considerable growth in its net profit by 100% in the fourth quarter of the current fiscal year 2075/76.

As per the unaudited financial report published today, the microfinance company has stated that its net profit has increased to Rs 1.91 crore in Q4 of the FY 2075/76 from Rs 95.87 lakhs of the corresponding quarter.

Its net interest income has increased by 34.28% to Rs 5.87 crore and its provision for possible losses have also increased to Rs 76.18 lakhs.

It has total deposit of Rs 24.94 crore and has floated loans of Rs 94.82 crore. In the fourth quarter, the borrowings amounted to Rs 58.27 crore. It has a paid up capital of Rs 9.89 crore and Rs 4.78 crore in the reserve.

Its NPL stands at 2.33%; decline from 3.42% posted in the corresponding quarter. Its EPS stands at Rs 19.38 and Net worth per share is Rs 148.39. Th PE Ratio stands at 20.80 times.