Laxmi Laghubitta reported Rs.2.31 crore as net profit in Q1

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laxmi laghubitta

Laxmi Laghubitta Bittiya Sanstha has posted increased in net profit by 2.73% in the first quarter of this fiscal year 2075/76.

As per the published report, the microfinance has reported increased in net profit to Rs.2.31 crore in this Q1 from Rs.2.25 crore in the corresponding quarter of last fiscal year 2074/75.

It has borrowing of Rs.1.68 arba & deposit of Rs. 1.01 arba. It had extended in loan & advances of Rs. 2.93 arba. Deposit increased by 40.01% & loan & advances increased by 28.39%.

Its net interest income increased to Rs 6.59 crore from Rs.5.91crore in the last corresponding quarter. It has operating profit of Rs.3.63 crore from Rs.3.53 crore. Operating profit increased by 2.68%.

Its paid up capital is Rs.24.20 crore with reserves fund of Rs.22.48 crore.

Its non performing loan (NPL) stands at 0.99% from 0.93% from the last year.

Annualized earning per share (EPS) stands at Rs.38.22, net worth per share at Rs.192.90 and PE ratio stands at 23.15 times.