Net profit of Chhimek Laghubitta & Sana Kisan surges by 96.66% & 39.97% respectively
Wed, Feb 3, 2016 12:33 PM on Latest, Financial Analysis, Featured,

Chhimek Laghubitta Bikas Bank Limited (CBBL) has reported 96.66 % growth in net profit for the second quarter of the current fiscal year 2072/73.
Publishing the unaudited financial report for the first quarter today, the microfinance company has stated that its net profit rose to Rs 20.62 crore, up from Rs 10.48 crore reported in the corresponding quarter of the previous fiscal year 2071/72.
The microfinance has borrowings of Rs 3.39 arba in the 2nd quarter compared to Rs 2.68 arba in the corresponding quarter last year. Likewise, it extended loans of Rs 8.62 arba, up from Rs 6.32 arba. It has collected deposits of Rs 5.66 arba.
Chhimek Laghubitta’s net interest income has risen from Rs 30.55 crore in the corresponding quarter last year to Rs 49.26 crore in the second quarter of fiscal year 2072/73.
It posted an operating profit of Rs 32.20 crore in Q2 up from Rs 15.50 crore in corresponding quarter. It’s paid up capital remains at Rs 59.57 crore in Q2.
The microfinance non-performing loan (NPL) has slightly inclined from 0.02% in the corresponding quarter to 0.42 % in Q2.
Its EPS now stands at Rs 69.24, net worth per share at Rs 146.02 and P/E ratio at 24.86 times.
Likewise, Sana Kisan Bikas Bank Limited (SKBBL) has reported a net profit of Rs 10.39 crore in the second quarter for the fiscal year 2072/73.The profit surged by 39.97% as compared to the corresponding quarter of the previous fiscal year.
As per the unaudited financial report published today, the micro finance company has posted net interest income of Rs 21.58 crore increasing from Rs 15.40 crore of the corresponding quarter of the previous fiscal year.
The microfinance company has borrowed amount of Rs 7.93 arba. The figure was Rs 5.62 arba in the corresponding quarter of the previous fiscal year.
The micro finance has paid up capital of Rs 28.83 crore in Q2 with reserve of Rs 80.31 crore.
Its NPL increased to 0.12% from 0.06% in the Q2.Likewise its Earning per Share (EPS) and net worth remains at Rs 72.09 and Rs 378.54 respectively. Its PE stands at 19.35 times.



