Mithila Laghubitta & Sahayogi Bikas Bank earns Rs 90.17 lakh & Rs 7.55 crore respectively in Q4

Mithila Laghubitta Bikas Bank Limited (MLBBL) has reported 14.73% growth in net profit for the fourth quarter of the last fiscal year 2072/73. Publishing the unaudited financial report for the fourth quarter today, the microfinance company has stated that its net profit rose to Rs 90.17 lakh, up from Rs 78.59 lakh reported in the corresponding quarter of the previous fiscal year 2071/72. The microfinance has borrowings of Rs 19.82 crore in Q4 compared to Rs 19.62 crore  in the corresponding quarter last year. Likewise, it extended loans of Rs 29.28 crore, up from Rs 23.91 crore.  It has collected deposits of Rs 6.20 crore. Mithila Laghubitta’s net interest income has risen from Rs 2.29 crore in the corresponding quarter last year to Rs 3.53 crore in the fourth quarter of fiscal year 2072/73. It’s paid up capital remains at Rs 3.39 crore in Q4 and has reserve of Rs 1.42 crore. The microfinance non-performing loan (NPL) has increases from 2.27% in the corresponding quarter to 3.95% in Q4. Its annualized earning per share (EPS) now stands at Rs 26.56, net worth per share at Rs 142.01 and P/E ratio at 107.30 times. Likewise, Sahayogi Bikas Bank Limited (SBBL) has reported rise in net profit by 7.89% in the fourth quarter of the last fiscal year 2072/73. According to unaudited financial statement published today, its net profit has increased to                                                         Rs 7.55 crore in fourth quarter, up from Rs 7crore in the corresponding quarter of the previous fiscal year 2071/72. Sahayogi Bikas Bank has collected deposits of Rs 2.71 arba in fourth quarter from Rs 2.10 crore in the corresponding quarter of last fiscal year. Likewise, the bank extended loans and advances of Rs 2.26 arba in Q4 whereas in the same period last year the figure stood at Rs 1.77 arba. The net interest income of the development bank reached Rs 15.81 crore in Q4 of FY 2072/73 up from Rs 13.09 crore in the previous FY 2071/72. Sahayogi Bikas Bank has a paid up capital of Rs 25.78 crore with reserve of Rs 13.37 crore. The development bank  annualized earning per share (EPS) stands at Rs 29.32, net worth per share is at Rs 151.86, P/E ratio at 13.47 times.