Chhimek Laghubitta published a strong Q2 report with 22.75% rise in net profit; EPS stands at Rs 64.22
Mon, Feb 3, 2020 7:33 AM on Financial Analysis, Stock Market, Latest,
Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) has published an unaudited financial report for the second quarter of FY 2076/77 today. It has stated that its net profit has increased by 22.75% to Rs 48.16 crore in second quarter of fiscal year 2076/77 from Rs 39.23 crore reported in the corresponding quarter of the previous fiscal year 2075/76.
Likewise, it extended loans of Rs 19.91 arba till Q2 with 11.46% growth. It has collected deposits of Rs 17.27 arba and borrowed Rs 4.84 arba till the second quarter. It has paid up capital of Rs 1.5 arba with reserve of Rs 1.52 arba.
Its net interest income has also increased by 22.31% to Rs 98.76 crore from Rs 80.75 crore in the corresponding quarter. Its operating profit has increased to Rs 74.55 crore in Q2, from Rs 60.14 crore in corresponding quarter.
The company annualized earnings per Share (EPS) stand at Rs 64.22 and non-performing loan (NPL) has slightly increased to 0.35% from 0.23%. The Net worth per share stands at Rs 201.79 and quarter end PE is 13.83 times as per the second quarter report.
Chhimek Laghubitta proposes 44.33% dividend; Bonus worth Rs 32 crore and cash dividend worth Rs 20.31 crore for last FY year which was already endorsed by its AGM and adjusted in Q2 report.
Major Highlights:
|
Particulars (In Rs '000) |
Chhimek Laghubitta Bittiya Sanstha |
||
|---|---|---|---|
|
Q2 2076/77 |
Q2 2075/76 |
Difference |
|
|
Paid Up Capital |
1,500,000.00 |
1,000,000.00 |
50.00% |
|
Reserve & Surplus |
1,526,871.00 |
1,561,150.00 |
-2.20% |
|
Deposits |
17,274,619.00 |
13,191,188.00 |
30.96% |
|
Borrowings |
4,845,276.00 |
4,614,631.00 |
5.00% |
|
Loans & Advances |
19,919,786.00 |
17,871,244.00 |
11.46% |
|
Net Interest Income |
987,694.00 |
807,555.00 |
22.31% |
|
Staff Expenses |
359,921.00 |
311,998.00 |
15.36% |
|
Provision for possible losses |
36,955.00 |
29,227.00 |
- |
|
Operating Profit |
745,571.00 |
601,411.00 |
23.97% |
|
Net Profit |
481,635.00 |
392,355.00 |
22.75% |
|
Capital Adequacy (%) |
14.78 |
13.91 |
6.25% |
|
NPL (%) |
0.35 |
0.23 |
52.17% |
|
Cost of Fund (%) |
9.54 |
10.03 |
-4.89% |
|
Annualized EPS (In Rs.) |
64.22 |
78.47 |
-18.16% |
|
Net Worth per Share (In Rs.) |
201.79 |
256.12 |
-21.21% |
|
PE Ratio (times) |
13.83 |
- |
- |
|
Qtr End Price |
888 |
- |
- |
|
PB Ratio (times) |
4.4 |
- |
- |
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