Asha Laghubitta's net profit for Q1 2076/77 stands at Rs 98.16 lakh; Annualized EPS at Rs 16.9
Fri, Nov 1, 2019 11:53 AM on Financial Analysis, Latest, Stock Market,
Asha Laghubitta Bittiya Sanstha Limited (ALBSL) has published an unaudited financial report for the first quarter today. It has stated that net profit has been increased by 266.64% to Rs 98.16 lakh till the end of Q1.
The microfinance company has borrowings of Rs 1.24 arba. Likewise, it has extended loans of Rs 2.04 arba up from Rs 1.40 arba of the corresponding quarter. The collection of deposits reaches to Rs 56.90 crore till Q1.
ASHA’s net interest income has increased from Rs 2.12 crore in the corresponding quarter of FY 2075/76 to Rs 3.92 crore till first quarter of the FY 2076/77.
Its non-performing loan (NPL) has decreased to 2.54% till Q1 from 2.77% in last year’s corresponding period. Currently, annualized EPS stands at Rs 16.9 and Net worth per share stands at Rs 119.97. The company PE is at 22.66 times.
Major Highlights:
| Particulars (In Rs '000) | Asha Laghubitta | ||
|---|---|---|---|
| Q1 2076/77 | Q1 2075/76 | Difference | |
| Paid Up Capital | 232,288.00 | 140,000.00 | 65.92% |
| Reserve & Surplus | 46,403.32 | 2,754.14 | 1584.86% |
| Borrowings | 1,245,526.12 | 995,794.54 | 25.08% |
| Deposits | 569,061.21 | 300,002.66 | 89.69% |
| Loans & Advances | 2,044,634.24 | 1,408,580.40 | 45.16% |
| Net Interest Income | 39,208.32 | 21,284.70 | 84.21% |
| Staff Expenses | 21,329.39 | 17,707.64 | 20.45% |
| Provision for possible losses | 17,860.93 | 5,982.50 | 198.55% |
| Operating Profit | 6,004.94 | 3,552.90 | 69.02% |
| Net Profit | 9,816.53 | 2,677.40 | 266.64% |
| Capital Adequacy (%) | 12.21 | 10.82 | 12.85% |
| NPL (%) | 2.54 | 2.77 | -8.30% |
| Cost of Fund (%) | 10.91 | 11.2 | -2.59% |
| Annualized EPS (In Rs.) | 16.9 | - | |
| Net Worth per Share (In Rs.) | 119.97 | - | |
| PE Ratio (times) | 22.66 | - | |
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