Net profit of Mahila Laghubitta reaches Rs 2.09 crore; Borrowing of Rs 80.89 crore with loans & advances of Rs 1.58 arba
Thu, Jan 30, 2020 12:21 PM on Financial Analysis, Latest, Stock Market,
Mahila Laghubitta Bittiya Sanstha has published its second quarterly report today. The paid-up capital of the bank stands at Rs 6 crore with reserves of Rs 8.77 crore as of the second quarter of FY 2075/76.
The bank reported net interest income of Rs 6.14 crore against 3.99 crores of last year's second quarter. It has set aside a provision for possible losses of Rs 2.13 crore.
The net profit stands at Rs 2.09 crore for Q2 against Rs 1.25 crore last year. Its capital adequacy ratio has fallen to 10.07%.The company is yet to issue IPO to the general public.
Major highlights:
| Particulars (In Rs '000) | Mahila Laghubitta | ||
|---|---|---|---|
| Q2 2076/77 | Q2 2075/76 | Difference | |
| Paid Up Capital | 60,000 | 60,000 | 0.00% |
| Reserve & Surplus | 87,714 | 44,171 | 98.58% |
| Borrowings | 808,977 | 482,062 | 67.82% |
| Deposits | 601,774 | 353,192 | 70.38% |
| Loans & Advances | 1,587,432 | 959,778 | 65.40% |
| Net Interest Income | 61,435 | 39,957 | 53.75% |
| Staff Expenses | 37,526 | 25,094 | 49.54% |
| Provision for possible losses | 21,316 | 7,988 | 166.86% |
| Operating Profit | 21,521 | 17,632 | 22.06% |
| Net Profit | 20,959 | 12,596 | 66.39% |
| Capital Adequacy (%) | 10.07 | 11.78 | -14.52% |
| NPL (%) | 1.99 | 1.19 | 67.23% |
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