Asha Laghubitta reports rise of 231% in net profit till Q2 of 2076/77; Annualized EPS at Rs 23.32

Thu, Jan 30, 2020 11:33 AM on Financial Analysis, Latest, Stock Market,

Asha Laghubitta Bittiya Sanstha Limited (ALBSL) has published an unaudited financial report for the second quarter today. It has stated that net profit has been increased by 231.66% to Rs 2.70 croreh till the end of Q2.

The microfinance company has borrowings of Rs 1.33 arba. Likewise, it has extended loans of Rs 2.19 arba up from Rs 1.46 arba of the corresponding quarter. The collection of deposits reaches to Rs 65.95 crore till Q2.

ASHA’s net interest income has increased from Rs 4.89 crore in the corresponding quarter of FY 2075/76 to Rs 8.26 crore till second quarter of the FY 2076/77.

Its non-performing loan (NPL) has increased to 3.94% till Q2 from 2.38% in last year’s corresponding period. Currently, annualized EPS stands at Rs 23.32 and Net worth per share stands at Rs 127.12. The company PE is at 25.56 times.

Second Quarter Report

Major Highlights:

Particulars (In Rs '000) Asha Laghubitta
Q2 2076/77 Q2 2075/76 Difference
Paid Up Capital 232,288 140,000 65.92%
Reserve & Surplus 62,992 7,935 693.81%
Borrowings 1,335,956 1,016,408 31.44%
Deposits 659,546 347,537 89.78%
Loans & Advances 2,195,783 1,468,646 49.51%
Net Interest Income 82,656 48,995 68.70%
Staff Expenses 39,298 32,590 20.58%
Provision for possible losses 43,794 16,039 173.04%
Operating Profit 13,152 10,688 23.05%
Net Profit 27,079 8,165 231.66%
Capital Adequacy (%) 12.15 10.53 15.38%
NPL (%) 3.94 2.38 65.55%
Cost of Fund (%) 10.82 11.06 -2.17%
Annualized EPS (In Rs.) 23.32 11.66 99.89%
Net Worth per Share (In Rs.) 127.12 -  
PE Ratio (times) 25.56 -