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Gurans Laghubitta Hits Rs 4.03 Crore Profit with a Massive 48.74% Q3 Jump

Gurans Laghubitta (GLBSL) sees net profit climb to Rs 4.03 crore, driven by a 49.57% rise in net interest income and improved asset quality.

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Gurans Laghubitta Hits Rs 4.03 Crore Profit with a Massive 48.74% Q3 Jump

Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) has posted a robust financial performance for the third quarter of FY 2082/83, with net profit surging by 48.74% to reach Rs 4.03 crore. This is a significant jump from the Rs 2.71 crore reported in the same period last fiscal year. The primary catalyst for this growth was the company's core revenue, as net interest income soared by 49.57% to reach Rs 13.34 crore. The microfinance institution also showed marked improvement in its operational efficiency and asset quality. Operating profit rose to Rs 5.53 crore, while the non-performing loan (NPL) ratio saw a dramatic reduction, falling to 3.41% from 7.29% in the previous year. Additionally, the company's annualized Earnings Per Share (EPS) now stands at Rs 40.62, with a net worth per share of Rs 168.91. With loans and advances expanding to Rs 2.17 arba, GLBSL continues to strengthen its foothold in the provincial microfinance sector.

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