Net profit of Suryodaya Laghubitta increases by 83.18% in the third quarter; earnings er shares stands at Rs.32.76

Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS) net profit surges by 83.18 percent in the third quarter (Q3) of the current fiscal year 2075/76.

Publishing the unaudited financial report for the third quarter today, the microfinance company stated that its net profit has increased to Rs 2.65 crore in the Q3 of fiscal year 2075/76, from Rs 1.44 crore in the corresponding period of the previous fiscal year 2074/75.

Its net interest income has also increased from Rs 4.39 crore in corresponding quarter to Rs 7.33 crore in the third quarter. Its paid up capital remains at Rs 10.79 crore with reserve of Rs 6.99 crore in Q3.

The company has borrowings of Rs 76.37 crore in the third quarter, up from Rs 42.75 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 1.32 arba in Q3 whereas in the same period last year the figure stood at Rs 78.50 crore.

Its non-performing loan (NPL) has decreased to 0.93% in Q3 from 1.17% in the previous year report.

Its annualized earning per share (EPS) stands at Rs 32.76, net worth per share at Rs 164.82 and the P/E ratio at 27.99 times.