Chhimek Laghubitta (CBBL) Published Q3 Report for FY 2079/2080 with 22.81 % Rise in Net Profit; EPS Stands at Rs. 41.41
Wed, May 10, 2023 11:04 AM on Latest,
Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) published the third-quarter report of FY 2079/2080 with an increase Net Profit by 22.81%. As per the report published by the company, the net profit swelled to Rs. 88.06 crores as compared to Rs. 71.71 crores in the corresponding quarter of the previous year.
The borrowings of the company increased by 5.94 % to Rs. 5.05 Arba which was Rs. 4.77 Arba in the corresponding quarter of the previous year. At the same time, deposits increased by 11.86 % to Rs 30.22 Arba.
The company’s loans and advances have decreased marginally by 1.15 % to 32.69 Arba till this quarter.
The net interest income (core revenue) has increased by 20.44 % to Rs. 2.11 Arba compared to Rs. 1.75 Arba in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 2.83 Arba till this quarter and its reserve stood at Rs. 2.39 Arba which is an increment of 6.95% in this quarter.
The cost of funds increased slightly to 8.68 % from 7.92 % in the corresponding quarter and the non-performing loans increased to 1.19%.
Its annualized earnings per share (EPS) stand at Rs. 41.41. The net worth per share is Rs. 232.08. The company traded at a P/E multiple of 19.85 times.
Major Financial Highlights:
| Particulars (In Rs '000) | Chhimek Laghubitta | ||
|---|---|---|---|
| Q3 2079/80 | Q2 2078/79 | Difference | |
| Paid Up Capital | 2,835,402.00 | 2,323,100.00 | 22.05% |
| Share Premium | 40,967.83 | 40,967.83 | 0.00% |
| Retained Earnings | 1,306,248.76 | 1,206,401.95 | 8.28% |
| Reserves | 2,397,903.45 | 2,242,138.43 | 6.95% |
| Borrowings | 5,056,582.11 | 4,773,126.74 | 5.94% |
| Deposits from Customers | 30,222,831.71 | 27,019,461.56 | 11.86% |
| Loans and Advances to Customers | 32,695,321.12 | 33,074,020.59 | -1.15% |
| Net Interest Income | 2,117,056.52 | 1,757,740.74 | 20.44% |
| Personnel Expenses | 778,457.78 | 703,626.07 | 10.64% |
| Impairment Charges | 227,397.07 | 212,588.78 | 6.97% |
| Operating Profit | 1,244,812.52 | 1,120,737.87 | 11.07% |
| Net Profit | 880,659.58 | 717,102.03 | 22.81% |
| Capital Adequacy (%) | 17.35 | 15.15 | 14.52% |
| NPL (%) | 1.19 | 0.91 | 30.77% |
| Cost of Fund (%) | 8.68 | 7.92 | 9.60% |
| EPS (In Rs.) | 41.41 | 41.16 | 0.62% |
| Net Worth per Share (In Rs.) | 232.08 | 250.21 | -7.24% |
| Qtr end PE Ratio (times) | 19.85 | - | |
| Qtr End Market Price | 822.00 | - | |
