Deprosc Laghubitta earns Rs 14.70 crore in Q2; EPS rises to Rs 57

Deprosc Laghubitta Bikas Bank Limited (DDBL) has registered a net profit growth of 65.97% in the second quarter of the current FY 2073/74. According to the unaudited financial report published by the microfinance today, its net profit has increased to Rs 14.70 crore in second quarter, up from Rs 8.85 crore in the corresponding quarter of the previous fiscal year. DDBL’s net interest income has risen to Rs 30.51 crore in Q2 as compared to Rs. 21.78 crore in the corresponding quarter of the last fiscal year. As of Q2, it has a paid up capital of Rs 25.79 crore with a reserve of Rs 59.05 crore. The microfinance has borrowed Rs 2.78 arba in Q2. Likewise, it has extended loans and advances of Rs. 4.69 arba in Q2 whereas in the same period last year, the figure stood at Rs 3.18 arba. DDBL’s annualized Earnings per Share (EPS) has increased to Rs 57. Its net worth stands at Rs. 328.96 per share with a P/E ratio of 38.95 times. DDBL has announced 35% bonus share and 17.63% cash dividend for the FY 2072/73. It recently received approval from SEBON to issue 100% right, after which its paid up capital will reach Rs 60.6 crore. The book closure for both right and dividends for the FY 2072/73 is set for Falgun 2, 2073. Only those shareholders owning shares till Falgun 1, 2073 are eligible for 1:1 right, 35% bonus share and 17.63% cash dividend.