Mithila Laghubitta reports EPS & Net worth at Rs 21.53 & Rs 139.22 respectively in Q1

Fri, Nov 2, 2018 8:43 AM on Financial Analysis, Latest, Stock Market,

Mithila Laghubitta Bikas Bank (MLBBL) has posted massive increase in its net profit by 140.73% in the first quarter of the current fiscal year.

As per the unaudited financial report published today, the microfinance company has stated that its net profit has increased to Rs 35.51 lakh in Q1 of the FY 2075/76 from Rs 14.75 lakh of the corresponding quarter.

Its provision for possible losses has also increased to Rs 37.91 lakh.

It has total deposit of Rs 19.10 crore and has floated loans of Rs 67.49 crore. In the first quarter, the borrowings amounted to Rs 42.99 crore.

It has a paid up capital of Rs 6.59 crore and Rs 2.58 crore in the reserve.

Its NPL stands at 3.5% which is an increment from previous year’s 3.35%.

Its EPS stands at Rs 21.53 and Net worth per share is Rs 139.22.

Major Highlights:

Particulars (In Rs '000)

MLBBL

Q1 2075/76

Q1 2074/75

Difference

Paid Up Capital

65,978

57,372

15.00%

Reserve & Surplus

25,874

22,583

14.57%

Deposits

191,025

129,092

47.98%

Borrowings

429,983

325,808

31.97%

Loans & Advances

674,952

475,164

42.05%

Net Interest Income

13,187

11,191

17.84%

Provision for possible losses

3,791

1,881

101.60%

Operating Profit

4,718

2,242

110.41%

Net Profit

3,551

1,475

140.73%

NPL (%)

3.5

3.35

4.48%

Annualized EPS (In Rs.)

21.53

10.28

109.33%

Net Worth per Share (In Rs.)

139.22

139.36

-0.10%

P/E Ratio (In times)

40.51