Mithila Laghubitta Bittiya Sanstha Limited (MLBBL) has recently released its financial report for the second quarter of the fiscal year 2080/81. The company disclosed a net profit of Rs. 1.33 Crore during this quarter, indicating a decline of 38.73% from the Rs. 2.17 Crores reported in the same quarter of the previous fiscal year.
MLBBL’s financial structure exhibited a 2.73% increase in borrowings, totaling Rs. 1.33 Arba. Simultaneously, loans and advances saw a growth of 7.54%, reaching Rs. 2.49 Arba in the current reporting quarter.
In terms of core revenue, the net interest income experienced a slight decrease of 2.56%, amounting to Rs. 5.57 crores in the current quarter compared to Rs. 5.72 crores in the corresponding quarter of the previous fiscal year.
The company maintains a strong financial foundation with a paid-up capital of Rs. 19.6 crores and reserves totaling Rs. 13.71 crores. The annualized earnings per share (EPS) stood at Rs. 13.60, while the net worth per share was reported at Rs. 167.22. Interestingly, MLBBL is currently trading at a P/E multiple of 69.23 times.
On another financial aspect, the Non-Performing Loans (NPL) witnessed a notable increase of 35.87%, resulting in a standing ratio of 4.47%. The provided figures offer a comprehensive overview of MLBBL’s financial performance and position in the specified quarter.
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