Grameen Bikas Laghubitta reports fall in net profit by 26.59%; NPL nearly 5%

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grameen bikas laghubitta

Grameen Bikas Laghubitta Bittiya Sanstha Limited has reported declined in net profit by 26.59% in the third quarter of fiscal year 2074/75.

As per the report, it has posted net profit of Rs. 14.37 crore in the Q3 from Rs.19.58 crore in the corresponding quarter of last year.

It has borrowings of Rs. 4.81 arba & deposit collection of Rs.2.60 arba. It has expanded in loan & advance of Rs.5.81 arba.

Its net interest income decreased to Rs. 59.89 crore from Rs. 73.20 crore in the last year. Likewise, operating profit has decreased to Rs.18.59 crore from Rs. 2.61 crore in the last year’s Q3. Operating profit massively decreased by 28.83%.

Its paid up capital is Rs. 65.50 crore with reserve of Rs.28.40 crore.

Non-performing loan (NPL) stands at 4.96% from 4.66% in the corresponding quarter of last year.

Annualized earning per share is Rs.29.26 & net worth per share is Rs. 143.37. PE ratio stands at 19.06 times.