Mithila Laghubitta reports 130% growth in net profit till Q2; Annualized EPS rises to Rs 31.12

Mithila Laghubitta Bikas Bank (MLBBL) has posted considerable growth in its net profit by 130.89% in the second quarter of the current fiscal year 2076/77.

As per the unaudited financial report published today, the microfinance company has stated that its net profit has increased to Rs 1.64 crore in Q2 of the FY 2076/77 from Rs 71.33 lakhs of the corresponding quarter.

Its net interest income has increased to Rs 4.08 crore and its provision for possible losses has decreased to Rs 20.22 lakhs.

It has a total deposit of Rs 31.79 crore and has floated loans of Rs 1.10 arba. In the second quarter, the borrowings amounted to Rs 75.54 crore. It has a paid-up capital of Rs 10.58 crore and Rs 6.86 crore in the reserve.

Its NPL stands at 2.39% declining from 3.24% in the corresponding quarter. Its annualized EPS stands at Rs 31.13 and Net worth per share is Rs 164.88. The P/E Ratio stands at 19.70 times.

Second Quarter Report