Deprosc Laghubitta profit decline by 36.08% to Rs 27.49 crore in Q4 due to high amount of provision for possible losses
Thu, Aug 13, 2020 7:31 AM on Latest, Company Analysis,
Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) has reported a decline in net profit by 36.08% in the fourth quarter of the fiscal year 2076/77.
DDBL has published an unaudited financial report for the fourth quarter today. It has stated that net profit has decreased to Rs. 27.49 crore in the fourth quarter of fiscal year 2076/77 from Rs 43.02 crore reported in the corresponding quarter of the previous fiscal year 2075/76.
The microfinance has borrowings of Rs. 6.50 Arba. Likewise, it extended loans of Rs. 11.54 Arba. It has collected deposits of Rs. 4.93 Arba till the fourth quarter of the current fiscal year.
It has paid-up capital of Rs 1 arba with a reserve of Rs 83.31 Crore till Q4.
DDBL’s net interest income has increased from Rs. 81.61 Crore in the corresponding quarter last year to Rs. 95.97 Crore in the fourth quarter of fiscal year 2076/77. Its operating profit stands at negative 72.13 crore due to the huge amount of provision of Rs. 1.32 arba. However, at the same time company is able to write back Rs 1.18 arba from a provision for possible losses.
The earnings per share (EPS) of the microfinance company stands at Rs. 27.35. The microfinance’s non-performing loan (NPL) has increased to 2.47 percent in the fourth quarter. Currently, the Net worth per share stands at Rs. 182.86 and the P/E ratio at 31.66 times.
Major Highlights:
|
Particulars (In Rs '000) |
Deprosc Laghubitta |
||
|---|---|---|---|
|
Q4 2076/77 |
Q4 2075/76 |
Difference |
|
|
Paid Up Capital |
1,005,433.57 |
773,410.44 |
30.00% |
|
Reserve & Surplus |
833,125.11 |
782,819.92 |
6.43% |
|
Deposits |
4,935,167.13 |
3,824,790.76 |
29.03% |
|
Borrowings |
6,506,950.23 |
6,783,929.47 |
-4.08% |
|
Loans & Advances |
11,549,564.20 |
11,968,148.65 |
-3.50% |
|
Net Interest Income |
959,701.76 |
816,122.08 |
17.59% |
|
Staff Expenses |
433,856.12 |
288,831.35 |
50.21% |
|
Provision for possible losses |
1,325,619.08 |
22,637.92 |
- |
|
Write Back of Provision for Possible Losses |
1,183,254.15 |
138,255.72 |
|
|
Operating Profit |
-721,376.99 |
537,875.57 |
-234.12% |
|
Net Profit |
274,991.40 |
430,206.90 |
-36.08% |
|
Capital Adequacy (%) |
13.33 |
12.89 |
3.41% |
|
NPL (%) |
2.47 |
0.84 |
|
|
Cost of Fund (%) |
9.93 |
10.08 |
-1.49% |
|
EPS (In Rs.) |
27.35 |
55.62 |
-50.83% |
|
Net Worth per Share (In Rs.) |
182.86 |
201.22 |
-9.12% |
|
PE Ratio (times) |
31.66 |
- |
- |
|
Qtr End Price |
866.00 |
- |
- |
|
PB Ratio (times) |
4.7 |
- |
- |
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