Aviyan Laghubitta's third quarter financials; Net profit surges by 9.56%
Thu, May 5, 2022 12:54 PM on Latest, Financial Analysis, Stock Market,
Aviyan Laghubitta Bittiya Sanstha Ltd published the third-quarter report of FY 2078/2079 with an increment in Net Profit by 9.56%. As per the report published by the company, the net profit increased to Rs. 1.11 crore as compared to Rs. 1.02 crore in the corresponding quarter of the previous year.
The borrowings of the company increased by 34.08% to Rs. 1.74 Arba which was Rs. 1.30 Arba in the corresponding quarter of the previous year. The deposits of the company increased by 72.87% to Rs 29.1 crores. The company’s loans and advances have also increased by 40.21% to 2.12 Arba in this quarter.
The net interest income (core revenue) has increased by 82.76% to Rs. 7.3 crores compared to Rs. 4 crores in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 15.2 crores and its reserve and surplus stood at Rs. 1.9 crores which has significantly increased as compared to the reserves and surplus of corresponding previous quarter which stood at Rs. 8.15 lakhs. At this capital, the annualized earnings per share (EPS) stands at Rs. 9.77 and it's net worth per share stands at Rs. 112. 64.
Major financial highlights
| Particulars (In Rs '000) | Aviyan Laghubitta Bittiya Sanstha Ltd | ||
|---|---|---|---|
| Q3 2078/79 | Q3 2077/78 | Difference | |
| Paid Up Capital | 152,500 | 152,500 | 0.00% |
| Reserve & Surplus | 19,288 | 815 | 2265.93% |
| Deposits | 291,998 | 168,909 | 72.87% |
| Borrowings | 1,744,945 | 1,301,387 | 34.08% |
| Loans & Advances | 2,128,483 | 1,518,056 | 40.21% |
| Net Interest Income | 73,524 | 40,229 | 82.76% |
| Provision for possible losses | 11,567 | 17,834 | -35.14% |
| Operating Profit | 17,751 | 11,974 | 48.24% |
| Net Profit | 11,183 | 10,207 | 9.56% |
| Capital Adequacy (%) | 8.47 | 10.54 | -19.64% |
| NPL (%) | 3.34 | 0.45 | 642.22% |
| Annualized EPS (In Rs.) | 9.77 | 8.92 | 9.56% |
| Net worth Per Share (Rs) | 112.64 | 100.5 | 12.05% |
