Vijay Laghubitta Doubles Net Profit

Feb 03, 2019 Merolagani

Vijay Laghubitta (VLBS) has doubled its net profit to Rs 24.2 million in the second quarter of the current FY compared to Rs 12.3 million of the corresponding period of the last FY.

The EPS of the company that was Rs 14 in the review period of the last FY increased to Rs 24.89 in the review period of the current FY.

The company with Rs 194.8 million in paid-up capital has reserve fund of Rs 47.3 million. In the review period, the company collected deposit of Rs 423.3 million, borrowed Rs 1.43 billion and extended loan of Rs 2.02 billion.

During the period, the company earned Rs 70.6 million in net interest income. The company has bad debt ratio of 2.45 percent, net worth per share of Rs 124.31 and P/E ratio of 27.52 times.

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