Swarojgar Laghubitta reports net profit of Rs 2.66 crore; PE ratio at 46.47 times

Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) has posted rise in net profit of 30.83 percent for third quarter (Q3) in the FY 2074/75.

According to the published unaudited financial reports, the microfinance company showed an increase in its net profit from Rs 2.03 crore in Q3 of the previous FY 73/74 to Rs 2.66 crore in Q3 of the current FY 2074/75.

The company has collected deposits of Rs 68.64 crore and floated loans of Rs 1.97 arba in the Q3 of the current FY 2074/75 whereas it's borrowing has amounted to Rs 1.11 arba.

SLBBL's net interest income has risen by 40.47% to Rs 9.02 crore and the operating profit has also increased by 30.83% to Rs 4.19 crore.

Its provision for possible losses has increased by 13.59% amounting Rs 75.56 lakh and NPL has reached 0.27% in the third quarter of the current FY from 0.24% reported in the corresponding quarter of the previous FY.

SLBBL has paid up capital of Rs 12.24 crore in Q3 of FY 2074/75 and its reserve has gone up from Rs 3.98 crore to Rs 5.65 crore in Q3 of FY 2074/75 with a growth of 41.84 percent.

Its earning per share (EPS) is at Rs 29.05 from Rs 38.86 in the corresponding quarter.

Its net worth per share is at Rs 146.18, a decline of 6.88 percent and the P/E ratio at 46.47 times.

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