Earn Money Nepal

Jalpa Samudayik Laghubitta Reports Profit Surge in Q3 FY 2080/81

Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA) has showcased impressive financial strength in the third quarter of Fiscal Year 2080/81, with a significant surge in earnings amounting to Rs. 62.81 Lakhs. This turnaround marks a remarkable improvement from the net loss reported during the same period in the previous fiscal year.

Despite a slight decline of 10.98% in core revenue, particularly net interest income, JALPA witnessed a marginal dip in its financial performance. However, deposits saw a minimal increase of 0.07%, reaching Rs. 2.69 Arba, while loans and advances experienced a modest uptick of 5.36%, reaching Rs. 4.82 Arba during the third quarter.

During Q3, JALPA reported a notable reduction in impairment charges, contributing significantly to the increase in net profit for the company.

Financially, JALPA reported a paid-up capital of Rs. 18.28 Crore, retained earnings of Rs. 6.11 Crores, and reserves and surplus standing at Rs. 26.83 Crores. The annualized earnings per share (EPS) stood at Rs. 4.58, with the net worth per share recorded at Rs. 280.24. JALPA traded at a P/E multiple of 268.67 times during the period.


Please enter your comment!
Please enter your name here