Mithila Laghubitta Bittiya Sanstha has published third quarter report of FY 2075/76. Net profit surged by 78.45% in comparing period.
As per the published report, it has reported surge in net profit to Rs.1.40 crore in this Q3 of Fiscal year 2075/76 from Rs.78.47 lakh in the same period of fiscal year 2074/75.
It has borrowed Rs 52.47 crore and deposit of Rs.22.54 crore in Q3. It had floated loan & advances of Rs.84.31 crore in this third quarter. Deposit collection increased by 42.62% and loan disbursement increased by 55.20%.
Its net interest income increased to Rs.4.11 crore in Q3 from Rs.3.26 crore in the last corresponding quarter of FY 2074/75.
Operating profit increase to Rs.2.13 crore from Rs.1.18 crore in Q3 of the last year. Operating profit increased by 80.67%.
Its paid up capital is Rs.6.59 crore with reserves of Rs.3.95 crore from Rs.1.49 crore in last year. It had already issued 50% right shares to hike its paid up capital. This will reduce actual EPS of the company.
Its non performing loan stands at 2.65% from 3.79%. Cost of fund 14.08% and capital adequacy at 14.35%.
Annualized earning per share (EPS) stands at Rs 28.30, Net worth per share at Rs.159.89 and PE ratio at 17.14 times.
