Mahila Laghubitta's net profit rises by 112.55% in Q3; Company recently issued 4 lakh units IPO to general public
Sun, May 2, 2021 7:09 AM on Financial Analysis, Latest,
Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) published the third-quarter report of FY 2077/2078 with an outstanding 112.55% increment in Net Profit. As per the report published by the company, the net profit increased to Rs. 6.42 crore as compared to Rs. 3.02 crore in the corresponding quarter of the previous year.
The borrowings of the company increased by a massive 147.01% to Rs. 2.19 Arba which was Rs. 89 crore in the corresponding quarter of the previous year. The deposits of the company increased by 32.49% to Rs 86.28 crore. The company’s loans and advances have also increased by 88.78% to 3.18 Arba in this quarter.
The net interest income (core revenue) has increased by 61.65% to Rs. 16.05 crore compared to Rs. 9.92 crore in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 10 crores in this quarter and its reserve and surplus stood at Rs. 19.18 crore which is an increase of 755.04% in this quarter.
The company has recently issued an IPO worth Rs 4 crore and its share is already listed on NEPSE and its last trading price is Rs 3125.
Its annualized earnings per share (EPS) stands at Rs. 85.66. The net worth per share is Rs. 291.84. The company traded at a P/E (quarter-end) multiple of 12.83 times.
Major Highlights:
| Particulars (In Rs '000) | Mahila Laghubitta | ||
|---|---|---|---|
| Q3 2077/78 | Q3 2076/77 | Difference | |
| Paid Up Capital | 100,000.00 | 60,000.00 | 66.67% |
| Reserve & Surplus | 191,839.12 | 123,733.44 | 55.04% |
| Borrowings | 2,198,551.14 | 890,070.25 | 147.01% |
| Deposits | 862,864.00 | 651,249.03 | 32.49% |
| Loans & Advances | 3,189,400.00 | 1,689,477.00 | 88.78% |
| Net Interest Income | 160,506.77 | 99,289.72 | 61.65% |
| Staff Expenses | 62,813.87 | 55,373.67 | 13.44% |
| Provision for possible losses | 62,988.72 | 41,221.90 | - |
| Operating Profit | 79,246.29 | 31,711.04 | 149.90% |
| Net Profit | 64,243.64 | 30,225.63 | 112.55% |
| Capital Adequacy (%) | 9.71 | 9.81 | -1.02% |
| NPL (%) | 2.25 | 2.53 | - |
| Cost of Fund (%) | 6.28 | 9.46 | -33.62% |
| EPS (In Rs.) | 85.66 | 66.17 | 27.53% |
| Net Worth per Share (In Rs.) | 291.84 | 306.22 | -4.70 |
| Qtr end PE Ratio (times) | 12.83 | - | - |
| Qtr End Market Price | 1099 | - | - |
