Mithila Laghubitta’s EPS rises by 45.94% in Q2; currently issuing 50% right shares for its shareholders

Mithila Laghubitta Bikas Bank (MLBBL) has posted satisfactory growth in its net profit by 45.94% in the second 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 71.33 lakhs in Q2 of the FY 2075/76 from Rs 48.87 lakhs of the corresponding quarter.

Its net interest income has increased by 13.74% to Rs 2.49 crore and its provision for possible losses have also increased to Rs 59.18 lakhs.

It has total deposit of Rs 21.16 crore and has floated loans of Rs 72.89 crore. In the second quarter, the borrowings amounted to Rs 46.25 crore.

It has a paid up capital of Rs 6.59 crore and Rs 2.94 crore in the reserve.

Its NPL stands at 3.24%; decline by 17.35% compared to corresponding quarter.

Its EPS stands at Rs 21.62 and Net worth per share is Rs 144.65.

Mithila Laghubitta Bittiya Sanstha Limited is currently issuing 50% right shares for its shareholders from Magh 17, 2075. Application can be placed for 3,29,889.69 units till Falgun 22. The microfinance company has also announced 10.45% bonus shares for the FY 2074/75. After the adjustment of 50% right shares and 10.45% bonus shares, the paid-up capital of MLBBL will reach Rs 10.59 crore.

Click Here for Q2 report:

Major Highlights: