Deprosc Laghubitta reports net profit of Rs 9.58 crore for Q1 of 2076/77;Annualized EPS at Rs 49.59

Wed, Nov 13, 2019 10:54 AM on Financial Analysis, Latest, Stock Market,

Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) has published its unaudited financial report for the first quarter of FY 2076/77. The net profit of the National Level microfinance has increased by 14.89% to Rs 9.58 crore till Q1 from Rs 8.34 crore as compared to the net profit of the corresponding quarter of FY 2075/76.

The microfinance has collected Rs 4.22 arba as deposits till Q1 – an increment of 60.33% from the last year’s corresponding quarter. On the other hand, the company floated loan amount of Rs 12.10 arba with 45.66% growth. The microfinance company’s borrowings stood at Rs 7.30 arba.

The company's net interest income has risen to Rs 23.93 crore with an increment of 29.37%. Similarly, its operating profit grew by 0.25% to Rs 10.98 crore.

The paid-up capital of the bank is Rs 77.34 crore while reserve has increased by 31.43% to Rs. 96.15 crore.

The annualized EPS of the microfinance stands at Rs 49.59 and Net worth per share remains at Rs 224.32 with the P/E ratio of 14.58 times.

First Quarter Report

Major Highlights:

Particulars (In Rs '000) Deprosc Laghubitta
Q1 2076/77 Q1 2075/76 Difference
Paid Up Capital 773,410 703,100 10.00%
Reserve & Surplus 961,533 731,619 31.43%
Deposits 4,223,137 2,634,051 60.33%
Borrowings 7,309,688 5,184,022 41.00%
Loans & Advances 12,104,069 8,309,966 45.66%
Net Interest Income 239,395 185,053 29.37%
Staff Expenses 100,542 70,195 43.23%
Provision for possible losses 72,091 28,608 152.00%
Operating Profit 109,826 109,557 0.25%
Net Profit 95,881 83,457 14.89%
Capital Adequacy (%) 14.97 16.17 -7.42%
NPL (%) 1.25 0.62 101.61%
Cost of Fund (%) 11.26 10.33 9.00%
Annualized EPS (In Rs.) 49.59 47.48 4.44%
Net Worth per Share (In Rs.) 224.32    
Qtr End PE Ratio (times) 14.58