Net profit rises to Rs. 8.42 crore on higher interest income and operating profit.
Mithila Laghubitta Bittiya Sanstha Limited has published its unaudited financial results for the fourth quarter of fiscal year 2081/82. As per the report, the microfinance institution recorded a net profit of Rs. 8 crore 42 lakh тАФ a notable increase of 77% compared to Rs. 4 crore 75 lakh in the same period last fiscal year. The rise in profit was supported by significant growth in both net interest income and operating profit.
Net interest income increased by 41.86%, reaching Rs. 20 crore 91 lakh, while operating income rose by 40.36% to Rs. 26 crore 40 lakh. However, the company also saw a rise in its provision for possible losses, which climbed to Rs. 3 crore 22 lakh during the review period.
The Non-Performing Loan (NPL) ratio stood at 4.69%, an increase of 2.56 percentage points from the previous year’s figure. In terms of operations, Mithila Laghubitta collected deposits worth Rs. 1 arba 18 crore, borrowed Rs. 1 arba 77 crore, and disbursed loans amounting to Rs. 2 arba 96 crore.
The paid-up capital of the company remains at Rs. 22 crore 39 lakh, while its reserve fund has reached Rs. 20 crore 44 lakh. Earnings per share (EPS) increased by Rs. 13.32 to reach Rs. 37.58. The net worth per share stands at Rs. 191.29, and the price-to-earnings (P/E) ratio is reported at 42.55 times.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
