Deprosc Laghubitta reports 80% growth in net profit reaching Rs 43 crore; EPS stands at Rs 55.62 for Q4 of 2075/76
Wed, Aug 14, 2019 1:34 PM on Financial Analysis, Latest, Stock Market,
Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) has published its unaudited financial report for the fourth quarter of FY 2075/76. The net profit of the National Level microfinance has increased by an outstanding 80.49% to Rs 43.02 crore till Q4 from Rs 23.83 crore as compared to the net profit of the corresponding quarter of FY 2074/75.
The microfinance has collected Rs 3.82 arba as deposits till Q4 – an increment of 58.68% from the last year’s corresponding quarter. On the other hand, the company floated loan amount of Rs 11.96 arba with 54.3% growth. The microfinance company’s borrowings stood at Rs 6.78 arba.
The company net interest income has risen to Rs 81.61 crore with an increment of 30.41%. Similarly, its operating profit grew by 76.3% to Rs 53.78 crore.
The paid-up capital of the bank is Rs 77.34 crore while reserve has increased by 51.36% to Rs. 78.28 crore.
The annualized EPS of the microfinance stands at Rs 55.62 and Net worth per share remains at Rs 201.22 with the P/E ratio of 12.98 times.
Major Highlights:
| Particulars (In Rs '000) | Deprosc Laghubitta | ||
|---|---|---|---|
| Q4 2075/76 | Q4 2074/75 | Difference | |
| Paid Up Capital | 773,410.44 | 703,100.40 | 10.00% |
| Reserve & Surplus | 782,819.92 | 517,189.42 | 51.36% |
| Deposits | 3,824,790.76 | 2,410,393.16 | 58.68% |
| Borrowings | 6,783,929.47 | 4,658,793.42 | 45.62% |
| Loans & Advances | 11,968,148.65 | 7,756,177.63 | 54.30% |
| Net Interest Income | 816,122.08 | 625,789.75 | 30.41% |
| Staff Expenses | 288,831.35 | 268,194.95 | 7.69% |
| Provision for possible losses | 140,252.31 | 107,593.27 | 30.35% |
| Operating Profit | 537,875.57 | 305,096.33 | 76.30% |
| Net Profit | 430,206.90 | 238,350.56 | 80.49% |
| Capital Adequacy (%) | 12.89 | 14.92 | -13.61% |
| NPL (%) | 0.84 | 0.75 | 12.00% |
| Cost of Fund (%) | 10.08 | 10.67 | -5.53% |
| Annualized EPS (In Rs.) | 55.62 | ||
| Net Worth per Share (In Rs.) | 201.22 | ||
| Qtr End PE Ratio (times) | 12.98 | ||
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