Chhimek Laghubitta Bittiya Sanstha Limited Reports 12.55% Growth in Q2 Profit

Chhimek Laghubitta Bittiya Sanstha Limited has posted a strong financial performance in the second quarter of fiscal year 2082/83, recording a net profit of Rs. 57.6 crore, up by 12.55% from Rs. 51.18 crore in the same period last year. The profit growth was driven by a 7.45% rise in net interest income to Rs. 1.45 arba and a sharp 80.23% decline in impairment charges, reflecting improved loan quality. Operating profit increased to Rs. 80.57 crore, while retained earnings and reserves rose by 7.32% and 10.68% respectively. Deposits expanded by 17.87% to Rs. 42.83 arba, and loans and advances grew by 10.67% to Rs. 41.85 arba. The company’s annualized EPS improved to Rs. 31.85, though net worth per share declined slightly to Rs. 233.66. During the quarter, the stock closed at Rs. 919 with a P/E ratio of 28.85 times, indicating continued investor interest despite a marginal fall in capital adeququacy.