Sworojgar LaghuBittiya Q4 EPS stands Rs 91; Mithila net profit increased by 200%
Fri, Aug 7, 2015 12:00 AM on Others,
ShareSansar August 7:
Sworojgar LaghuBittiya Bikas Bank Limited (SLBBL) has reported a net profit rise of 44.46 percent in its unaudited report of 4th quarter made public today.
It has posted a net profit of Rs 1.82 crore in the fourth quarter, up from Rs 1.26 crore in the corresponding quarter last year.
The microfinance’s net interest income from Rs 3.06 crore in the corresponding quarter reached to Rs 4.69 crore in fourth quarter of fiscal year 2071/72. It has also posted an operational profit of Rs 2.87 crore.
Its non performing loan has decreased from 0.69 percent to 0.37 percent.
Sworojgar has mobilized Rs 19.79 crore in deposit and Rs 45.50 crore in loan in the fourth quarter compared to Rs 12.33 crore in deposit and Rs 28.91 crore in loan in the corresponding quarter.
SLBBL borrowing amount reaches to Rs 25.11 crore in the fourth quarter, up from Rs 20.53 crore in the corresponding quarter.
The EPS (annualized) of the microfinance stands at Rs 91.47 and net worth per share at Rs 223.93.
Similarly, Mithila Laghubitta Bikas Bank Limited (MLBBL) has reported awesome 200 percent net profit rise in the last fiscal year 2071/72.
Its net profit rose to Rs 78.59 lakh up from Rs 26.22 lakh as of the previous fiscal year 2070/71.
The profit was fuelled by its core business as it net interest income surged to 2.29 crore by the fourth quarter end as compared to Rs Rs 85.85 lakh at the end of the corresponding quarter of the previous fiscal year.
It mobilized Rs 19.62 crore in borrowing and Rs 23.91 crore in loan as compared to Rs 2.99 crore in borrowing and Rs 5.59 crore in loan as of the previous fiscal year.
Another encouraging aspect of the Q4 report is that Mithila’s non-performing loan has dropped to 2.27 percent, from 3.41 percent as of the corresponding quarter.
Mithila’s EPS (annualized) now stands at Rs 27.78, the P/E ratio at 33.17 times, and the net worth per share at RS 134.30.
Mithila Lagubitta Bikas Bank had floated its IPO last year.
