CYC Nepal Laghubitta Publish Impressive Q4 Report with 55.08% Profit Growth; EPS Stands at Rs 66.04
Fri, Jul 29, 2022 7:23 AM on Financial Analysis, Latest,
CYC Nepal Laghubitta Bittiya Sanstha Limited (CYCL) published the fourth-quarter report of FY 2078/2079 with a growth of 55.08% in Net Profit. As per the report published by the company, the net profit increased to Rs. 8.33 crore as compared to Rs. 5.18 crore in the corresponding quarter of the previous year.
The borrowings of the company increased by 462.87% to Rs. 1.64 Arba which was Rs. 29.13 crore in the corresponding quarter of the previous year. The deposits of the company increased by 57.67% to Rs 1.39 arba. The company’s loans and advances have also increased by an impressive 105.21% to 3.59 Arba in this quarter.
The net interest income (core revenue) has increased by 57.23% to Rs. 21.99 crores compared to Rs. 13.98 crores in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 12.16 crores in this quarter and its reserve and surplus stood at Rs. 28.08 crores which is an increase of 199.72% in this quarter.
The company recently issue Rs 3.95 worth IPO shares to the general public.
The company NPL declined to 1.95% from 4.84%.
Its earnings per share (EPS) stand at Rs. 66.04. The net worth per share is Rs. 330.86. The company traded at a P/E multiple of 25.72 times.
Major Highlights:
|
CYC Nepal Laughubitta | |||
|---|---|---|---|---|
| Q4 2078/79 | Q4 2077/78 | Difference | ||
| Paid Up Capital | 121,642 | 82,108 | 48.15% | |
| Reserve & Surplus | 280,820 | 93,694 | 199.72% | |
| Borrowings | 1,640,030 | 291,371 | 462.87% | |
| Deposits | 1,390,072 | 881,647 | 57.67% | |
| Loans & Advances | 3,590,205 | 1,749,539 | 105.21% | |
| Net Interest Income | 219,955 | 139,889 | 57.23% | |
| Staff Expenses | 127,333 | 62,942 | 102.30% | |
| Provision for possible losses | 134,794 | 62,722 | 114.91% | |
| Operating Profit | 33,831 | 20,869 | 62.11% | |
| Write Back | 98,738 | 61,368 | - | |
| Net Profit | 80,330 | 51,800 | 55.08% | |
| Capital Adequacy (%) | 9.22 | 10.18 | -9.43% | |
| NPL (%) | 1.95 | 4.84 | - | |
| Cost of Fund (%) | 9.28 | 7.02 | 32.19% | |
| EPS (In Rs.) | 66.04 | 63.09 | 4.68% | |
| Net Worth per Share (In Rs.) | 330.86 | 214 | 54.53% | |
| Qtr end PE Ratio (times) | 25.72 | - | - | |
| Qtr End Market Price | 1698.2 | - | - | |
