Net profit of Civil Laghubitta grows by 84.45% in the first quarter of FY 76/77; annualized EPS stands at Rs.16.02

Civil Laghubitta Bittiya Sanstha Limited (CLBSL) has reported a profit growth of 84.45% in the first quarter of the fiscal year 2076/77.

According to the unaudited financial report for the first quarter published today, the micro finance company has stated that its net profit increased to Rs.45.69 Lakhs till the first quarter as compared to Rs.24.77 Lakhs in the corresponding quarter of the last fiscal year (2075/76).

The borrowing of the micro finance has increased from Rs.32.55 Crore in the corresponding quarter of the previous year to Rs.67.46 Crore till the first quarter of the current fiscal year.

The net interest income has increased to Rs.2.22 Crore in the first quarter of fiscal year 2076/2077 from Rs.1.44 Crore compared to the corresponding quarter of the last fiscal year. The micro finance company has an operating profit of Rs.61.14 Lakhs and has provisioned Rs.50.94 Lakhs for possible losses.

Civil Laghubitta’s paid-up capital stands at Rs.11.41 Crore till the first quarter of FY 76/77. Its reserve & surplus rises to Rs.2.58 Crore in first quarter from Rs.2.09 Crore in the corresponding quarter of last fiscal year.

It’s annualized earnings per Share (EPS) stands at Rs.16.02. The net worth per share stands at Rs.122.65 and quarter end P/E ratio at 29.66 times.