Chautari Laghubitta published an impressive Q3 report; net profit rises by 184.12%

Wed, Apr 17, 2019 8:51 AM on Financial Analysis, Latest, Stock Market,

Chautari Laghubitta Bittiya Sanstha Limited (CHLBS) net profit surges by 184.12 percent in the third quarter of the current fiscal year 2075/76.

Publishing the unaudited financial report for the third quarter, the microfinance company stated that its net profit has increased to Rs 1.85 crore in the Q3 of fiscal year 2075/76, from Rs 65.42 lakh in the corresponding period of the previous fiscal year 2074/75.

The company has borrowings of Rs 74.39 crore till the third quarter, up from Rs 33.90 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 1.33 arba in Q3 whereas in the same period last year the figure stood at Rs 61.50 crore.

Its net interest income has also increased from Rs 3.43 crore in corresponding quarter to Rs 6.39 crore till the third quarter. Its paid up capital remains at Rs 18.60 crore with reserve of Rs 3.35 crore in Q3.

Its non-performing loan (NPL) has decreased to 0.72% in Q3 from 0.91 % in the previous year report.

Its annualized earning per share (EPS) stands at Rs 13.33, net worth per share at Rs 118.05 and the P/E ratio at 36.45 times.

Click Here for Q3 report:

Major Highlights:

Particulars (In Rs '000)

Chautari Laghubitta

Q3 2075/76

Q3 2074/75

Difference

Paid Up Capital

186,000.00

21,000.00

785.71%

Reserve & Surplus

33,565.01

109,544.19

-69.36%

Deposits

397,576.60

176,452.67

125.32%

Borrowings

743,936.97

339,032.45

119.43%

Loans & Advances

1,334,522.11

615,077.96

116.97%

Net Interest Income

63,933.20

34,346.43

86.14%

Provision for possible losses

23,151.38

10,546.10

-

Operating Profit

15,796.43

10,280.99

53.65%

Net Profit

18,588.41

6,542.45

184.12%

Capital Adequacy (%)

20.38

22.71

-10.26%

NPL (%)

0.72

0.91

-20.88%

Annualized EPS (In Rs.)

13.33

41.54

-67.92%

Net Worth per Share (In Rs.)

118.05

621.64

-81.01%

PE Ratio (times)

36.45

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