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Asha Laghubitta's financial performance continues to improve in Q4; EPS stands at Rs 18.89

Fri, Jul 26, 2019 6:45 AM on Financial Analysis, Latest, Stock Market,
-ShareSansar

Asha Laghubitta Bittiya Sanstha Limited (ALBSL) has published an unaudited financial report for the fourth quarter today. It has stated that net profit has been increased by 253.21% to Rs 3.91 crore till the end of FY 2075/76.

The microfinance company has borrowings of Rs 1.19 arba. Likewise, it has extended loans of Rs 1.89 arba up from Rs 1.27 arba of the corresponding quarter. The collection of deposits reaches to Rs 49.76 crore till Q4.

The company has recently floated 6.74 lakh units IPO shares, afterwards its paid up capital reaches Rs 20.74 crores with a reserve of Rs 3.89 crore till Q4.

ASHA’s net interest income has increased from Rs 6.09 crore in the corresponding quarter of FY 2074/75 to Rs 11.51 crore till fourth quarter of the FY 2075/76.

Its non-performing loan (NPL) has increased to 1.49% till Q4 from 0.78% in last year’s corresponding period. Currently, EPS stands at Rs 18.89 and Net worth per share stands at Rs 118.78. The company PE is at 20.91 times.

Major Highlights:

Particulars (In Rs '000)

Asha Laghubitta

Q4 2075/76

Q4 2074/75

Difference

Paid Up Capital

207,400.00

140,000.00

48.14%

Reserve & Surplus

38,950.67

76.74

50656.67%

Borrowings

1,198,283.99

897,237.58

33.55%

Deposits

497,611.20

257,294.49

93.40%

Loans & Advances

1,892,616.29

1,275,368.95

48.40%

Net Interest Income

115,102.09

60,918.24

88.95%

Staff Expenses

69,628.96

45,412.18

53.33%

Provision for possible losses

31,478.25

14,261.78

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Operating Profit

41,760.29

14,553.78

186.94%

Net Profit

39,179.91

11,092.59

253.21%

Capital Adequacy (%)

12.91

11.55

11.77%

NPL (%)

1.49

0.78

91.03%

Cost of Fund (%)

11.05

11.36

-2.73%

EPS (In Rs.)

18.89

7.92

138.42%

Net Worth per Share (In Rs.)

118.78

100.05

18.72%

PE Ratio (times)

20.91

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