Sworojgar & Laxmi Laghubitta profit rises by a staggering 117.88% & 227.93% respectively in Q1

Sworojgar Laghubitta Bikas Bank Limited (SLBBL) has posted net profit growth by 117.88 % for the first quarter of the current fiscal year 2072/73. Publishing the unaudited financial report for the first quarter today, the micro finance has reported that its net profit rose to Rs 60.93lakh in Q1, up from Rs 27.96 lakh as compared in the corresponding quarter of the previous fiscal year 2071/72. The microfinance has mobilized deposits of Rs21.72 crore in the 1st quarter compared to Rs 13.96 crore in the corresponding quarter last year. It extended loans of Rs 53.63 crore , increasing from Rs 35.27 crore.  It has borrowings of Rs 27.41 crore. SworojgarLaghubitta’s net interest income rose from Rs 94.90 lakh to Rs 1.50 crore in the first quarter of 2072/73. It has posted an operating profit of Rs95.74 lakh and paid up capital remains at Rs 4crore in Q1. The bank’s NPL dropped to 0.31 % from 0.56% in Q1. Its EPS (annualized) now stands at Rs 60.93, net worth per share at Rs 180.15, and P/E ratio at 33.16 times. Similarly, Laxmi Laghubitta Bittiya Sanstha Limited (LLBS)’s net profit has posted net profit growth by 227.93 % for the first quarter of the fiscal year 2072/73. According to the unaudited financial report published today, the micro finance has reported rise in net profit by Rs 1.03 crore in Q1 from Rs 31.50 of the corresponding quarter of the previous fiscal year. Laxmi Laghubitta has mobilized deposits of Rs 24.46 crore and floated loan of Rs 89.03 crore in 1^st quarter. Its NPL increased from 0.05 % to 1.085% in Q1. LLBS’s annualized EPS stand at Rs 41.32, net worth per share is at Rs 129.29and P/E ratio at 22.34 times.