Mithila Laghubitta registers profit rises by whopping 72.95% to Rs 74.62 lakh in Q3

Mithila Laghubitta Bikas Bank Limited (MLBBL) has reported 72.95% growth in net profit for the third quarter of the current fiscal year 2072/73. Publishing the unaudited financial report for the third quarter today, the microfinance company has stated that its net profit rose to Rs 74.62 lakh, up from Rs 43.14 lakh reported in the corresponding quarter of the previous fiscal year 2071/72. The microfinance has borrowings of Rs 19.60 crore in Q3 compared to Rs 17.34 crore  in the corresponding quarter last year. Likewise, it extended loans of Rs 27.29 crore, up from Rs 21.79 crore.  It has collected deposits of Rs 5.11 crore. Mithila Laghubitta’s net interest income has risen from Rs 1.38 crore in the corresponding quarter last year to Rs 2.53 crore in the third quarter of fiscal year 2072/73. It posted an operating profit of Rs 1.17 crore in Q3 up from Rs 67.80 lakh in corresponding quarter. It’s paid up capital remains at Rs 3.39 crore in Q3. The microfinance non-performing loan (NPL) has increases from 2.09% in the corresponding quarter to 3.38 % in Q3. Its annualized earning per share (EPS) now stands at Rs 23.31, net worth per share at Rs 132.45 and P/E ratio at 113.68 times.