Suryodaya Laghubitta’s net profit rises by 16.17% in Q1; Chimmek Laghubitta reports EPS as Rs 66.39

Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS) net profit surges by 16.17 percent in the first quarter (Q1) of the current fiscal year 2075/76.

Publishing the unaudited financial report for the first quarter today, the microfinance company stated that its net profit has increased to Rs 55.45 lakh in the Q1 of fiscal year 2075/76, from Rs 47.73 lakh in the corresponding period of the previous fiscal year 2074/75.

Its net interest income has also increased from Rs 1.47 crore in corresponding quarter to Rs 2.18 crore in the first quarter. Its paid up capital remains at Rs 10.79 crore with reserve of Rs 5.47 crore in Q1.

The company has borrowings of Rs 58.60 crore in the fourth first quarter, up from Rs 44.30 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 95.80 crore in Q1 whereas in the same period last year the figure stood at Rs 66.53 crore.

Its non-performing loan (NPL) has increased to 1.19% in Q1 from 0.89 % in the previous year report.

Its annualized earning per share (EPS) stands at Rs 20.55, net worth per share at Rs 150.71 and the P/E ratio at 80.03 times.

Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) has published unaudited financial report for the first quarter today. It has stated that its net profit has increased to Rs 15.61 crore in first quarter of fiscal year 2075/76 from Rs 8.06 crore reported in the corresponding quarter of the previous fiscal year 2074/75.

Likewise, it extended loans of Rs 17.29 arba from Rs 12.99 arba. It has collected deposits of Rs 12.53 arba in the first quarter of the current fiscal year. It has paid up capital of Rs 1 arba with reserve of Rs 1.32 arba in Q1.

Its net interest income has also increased from Rs 28.59 crore in the corresponding quarter last year to Rs 39.37 crore in the first quarter of fiscal year 2075/76. Its operating profit has increased to Rs 24.15 crore in Q1, from Rs 12.64 crore in corresponding quarter.

Earnings per Share (EPS) stand at Rs 66.39. CBBL’s non-performing loan (NPL) has increased to 0.16 percent in the first quarter. The Net worth per share stands at Rs 217.9 as per the first quarter report.