Pathibhara profit surges by 341%, Mahalaxmi earns Rs 6.86 million in Q1

ShareSansar, November 10:

Publishing the unaudited financial quarterly report today, Pathibhara Bikas Bank stated that it’s earned Rs 75.61 lakhs in Q1, up from Rs 17.14 lakhs in the corresponding period which is the increment of 341 percent during the period.

Net interest income of the bank increased to Rs. 2.33 crore, up from Rs.1.62 crore in the previous year.   

The bank mobilized Rs. 1.48 arba in deposits and extended a total of Rs.1.12 arba on loans and advances up to Q1. It had mobilized Rs. 1.41 arba in deposits and Rs. 97 crore in loans in the previous fiscal year.

The company has also provisioned Rs. 36.37 crore for the possible losses.

There is a drastic decrease in the Non-performing loan (NPL) of the bank. It comes down to 1.8 percent from 2.76 percent in the previous fiscal year.  

Banks annualized EPS is at Rs 6.57, while its P/E ratio stands at 47.79 times and its net worth per share at Rs 149.66.

Similarly, Mahalaxmi Finance Limited posted a 21.84% growth in net profit in Q1 compared to last fiscal year.

Bank’s earn net profit of Rs.68.62 lakh in the first quarter of the FY 2071/72 compared to Rs.56.32 lakh figure in the same period last fiscal year.

Its Net Interest Income stands at Rs.3.25 crore compared to Rs.2.27 crore of last fiscal year. Deposits and loans are Rs. 3.75 arba and Rs.3.09 arba respectively.

The company has also provisioned Rs. 22.64 lakh for the possible losses during the given period.