Chhimek Laghubitta's net profit reaches near 1 arba with outstanding growth of 59.89% in Q3; EPS stands at Rs 69.65
Tue, Apr 27, 2021 5:29 AM on Financial Analysis, Latest,
Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) published the third-quarter report of FY 2077/2078 with an outstanding 59.89% increment in Net Profit. As per the report published by the company, the net profit increased to Rs. 95.59 crore as compared to Rs. 59.78 crore in the corresponding quarter of the previous year.
The borrowings of the company increased by 29.95% to Rs. 6 Arba which was Rs. 4.61 Arba in the corresponding quarter of the previous year. The deposits of the company increased by 20.75% to Rs 21.82 arba. The company’s loans and advances have also increased by 29.69% to 26.42 Arba in this quarter.
The net interest income (core revenue) has increased by 20.90% to Rs. 1.52 arba compared to Rs. 1.26 arba in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 1.83 Arba in this quarter and its reserve and surplus stood at Rs. 2.90 Arba which is an increase of 76.54% in this quarter.
Its annualized earnings per share (EPS) stands at Rs. 69.65. The net worth per share is Rs. 258.52. The company traded at a P/E multiple of 25.58 times.
Major Highlights:
| Particulars (In Rs '000) | Chhimek Laghubitta | ||
|---|---|---|---|
| Q3 2077/78 | Q3 2076/77 | Difference | |
| Paid Up Capital | 1,830,000.00 | 1,500,000.00 | 22.00% |
| Reserve & Surplus | 2,900,834.00 | 1,643,127.00 | 76.54% |
| Borrowings | 6,003,504.00 | 4,619,999.00 | 29.95% |
| Deposits | 21,821,706.00 | 18,072,353.00 | 20.75% |
| Loans & Advances | 26,422,663.00 | 20,374,093.00 | 29.69% |
| Net Interest Income | 1,526,957.00 | 1,262,977.00 | 20.90% |
| Staff Expenses | 481,569.00 | 509,758.00 | -5.53% |
| Provision for possible losses | 21,546.00 | 154,544.00 | - |
| Operating Profit | 1,383,024.00 | 826,032.00 | 67.43% |
| Net Profit | 955,968.00 | 597,890.00 | 59.89% |
| Capital Adequacy (%) | 14.50 | 14.62 | -0.82% |
| NPL (%) | 0.55 | 0.41 | - |
| Cost of Fund (%) | 7.68 | 9.61 | -20.08% |
| EPS (In Rs.) | 69.65 | 53.15 | 31.06% |
| Net Worth per Share (In Rs.) | 258.52 | 209.54 | 23.37% |
| Qtr end PE Ratio (times) | 25.58 | - | - |
| Qtr End Market Price | 1782 | - | - |
