Deprosc Laghubitta profit rises by 37.20% in Q2 despite provision of Rs 14.41 crore; NPL rises to 1.73%
Mon, Feb 10, 2020 7:46 AM on Financial Analysis,
Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) has posted a satisfactory rise in net profit by 37.20% in the second quarter of fiscal year 2076/77.
Publishing the unaudited financial report for the second quarter today, the microfinance has stated that its net profit rises to Rs 24.69 crore from Rs 17.99 crore in the last corresponding quarter.
Its operating profit has also increased by 23.12% to Rs 29.62 crore in Q2 from Rs 24.06 crore in the corresponding quarter of the last fiscal year.
The microfinance’s borrowing stands at Rs 7.36 arba and has collected Rs 4.57 arba in deposits.
Likewise, it has extended loans and advances of Rs 12.14 arba till Q2 whereas in the same period last year the figure stood at Rs 9.20 arba, which is an increment of 31.91%.
It has a paid-up capital of Rs 1 arba and has Rs 80.89 crore in reserve and surplus.
Its non- performing loan (NPL) increased to 1.73% in Q2 from 0.89% in the corresponding quarter of the fiscal year 2075/76.
The annualized earning per share (EPS) is Rs 49.12. Its net worth per share stands at Rs 180.46 and the quarter-end P/E ratio stands at 20.95 times.
Deprosc Laghubitta proposes 45% dividend; 30% bonus and 15% cash dividend for last fiscal year 2075/76 and this dividend is already endorsed by AGM and adjusted in the published Q2 report.
Major Highlights:
|
Particulars (In Rs '000) |
Deprosc Laghubitta |
||
|---|---|---|---|
|
Q2 2076/77 |
Q2 2075/76 |
Difference |
|
|
Paid Up Capital |
1,005,433.57 |
703,100.40 |
43.00% |
|
Reserve & Surplus |
808,998.80 |
684,036.13 |
18.27% |
|
Deposits |
4,575,594.83 |
2,956,239.81 |
54.78% |
|
Borrowings |
7,363,779.47 |
5,335,813.07 |
38.01% |
|
Loans & Advances |
12,140,570.94 |
9,203,564.85 |
31.91% |
|
Net Interest Income |
542,909.91 |
374,807.35 |
44.85% |
|
Staff Expenses |
183,894.55 |
123,920.51 |
48.40% |
|
Provision for possible losses |
144,105.76 |
69,339.24 |
- |
|
Operating Profit |
296,255.88 |
240,624.03 |
23.12% |
|
Net Profit |
246,915.12 |
179,961.70 |
37.20% |
|
Capital Adequacy (%) |
12.26 |
14.54 |
-15.68% |
|
NPL (%) |
1.73 |
0.89 |
94.38% |
|
Cost of Fund (%) |
9.88 |
9.43 |
4.77% |
|
Annualized EPS (In Rs.) |
49.12 |
51.19 |
-4.05% |
|
Net Worth per Share (In Rs.) |
180.46 |
197.29 |
-8.53% |
|
PE Ratio (times) |
20.95 |
- |
- |
|
Qtr End Price |
1029 |
- |
- |
|
PB Ratio (times) |
5.7 |
- |
- |
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