Chautari Laghubitta reports 230% rise in net profit for Q1 of 2076/77; Annualized EPS stands at Rs 26.41
Thu, Oct 24, 2019 10:51 AM on Financial Analysis, Latest, Stock Market,
Chautari Laghubitta Bittiya Sanstha Limited (CHLBS) net profit surges by 230.02 percent in the first quarter of the current fiscal year 2076/77.
Publishing the unaudited financial report for the first quarter, the microfinance company stated that its net profit has increased to Rs 1.23 crore in the Q1 of fiscal year 2076/77, from Rs 37.49 lakh in the corresponding period of the previous fiscal year 2075/76.
The company has borrowings of Rs 94 crore till the first quarter, up from Rs 54.66 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 1.65 arba in Q1 whereas in the same period last year the figure stood at Rs 91.53 crore.
Its net interest income has also increased from Rs 1.79 crore in corresponding quarter to Rs 3.58 crore till the first quarter. It’s paid up capital stands at Rs 19.9 crore with reserve of Rs 2.25 crore in Q1.
Its non-performing loan (NPL) has increased to 0.6% in Q1 from 0.43% in the previous year report.
Its annualized earning per share (EPS) stands at Rs 26.41, net worth per share at Rs 105.15 and the P/E ratio at 70.27 times.
Major highlights:
| Particulars (In Rs '000) | Chautari Laghubitta Bittiya Sanstha | ||
|---|---|---|---|
| Q1 2076/77 | Q1 2075/76 | Difference | |
| Paid Up Capital | 199,020 | 126,000 | 57.95% |
| Reserve & Surplus | 22,581 | 18,677 | 20.90% |
| Borrowings | 940,805 | 546,608 | 72.12% |
| Deposits | 531,076 | 272,511 | 94.88% |
| Loans & Advances | 1,651,458 | 915,335 | 80.42% |
| Net Interest Income | 35,839 | 17,975 | 99.39% |
| Staff Expenses | 20,513 | 15,682 | 30.81% |
| Provision for possible losses | 2,969 | 2,466 | 20.37% |
| Operating Profit | 19,442 | 5,891 | 230.02% |
| Net Profit | 12,372 | 3,749 | 230.02% |
| Capital Adequacy (%) | 13.72 | 16.12 | -14.89% |
| NPL (%) | 0.6 | 0.43 | 39.53% |
| Cost of Fund (%) | 10.42 | 9.45 | 10.26% |
| Annualized EPS (In Rs.) | 26.41 | - | |
| Net Worth per Share (In Rs.) | 105.15 | - | |
| Qtr end PE Ratio (times) | 70.27 | - | |
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