Deprosc Laghubitta Yet Again Reports Decline In Bottom Line; Here's Major Financial Highlights Of Q3

Mon, May 9, 2022 7:43 AM on Company Analysis, Latest,

Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) published the third-quarter report of FY 2078/2079 with a 15% decline in Net Profit. As per the report published by the company, the net profit declined to Rs. 43.61 crore as compared to Rs. 51.8 crore in the corresponding quarter of the previous year.

The borrowings of the company increased by 5.1% to Rs. 7.85 Arba which was Rs. 7.47 Arba in the corresponding quarter of the previous year. The deposits of the company increased by 22.49%.  The company’s loans and advances also increased by 15.82% to Arba in this quarter.

The net interest income (core revenue) has increased by a meager 3.47% to Rs. 1.02 arba  compared to Rs. 98.68 crore in the corresponding quarter of the previous year.

The paid-up capital of the company stood at Rs. 1.38 Arba in this quarter and its reserve and surplus stood at Rs 1.45 arba which is an increase of 28.5% in this quarter.

The company's non-performing loans stand at 0.59% till this quarter which was 0.53% in the corresponding quarter.

Its annualized earnings per share (EPS) stand at Rs. 41.91. The net worth per share is Rs. 205.16. The company traded at a P/E multiple of 25.91 times.

Click here for the Q3 report

Major Highlights:

Particulars

Deprosc Laghubitta Bittiya Sanstha Limited

Q3, 2078/2079

Q3, 2077/2078

Difference

Paid-Up Capital

1,387,498.33

1,156,248.61

20.00%

Reserve & Surplus

1,459,159.11

1,135,530.52

28.50%

Deposits

7,730,296.26

6,311,107.88

22.49%

Borrowings

7,854,339.59

7,470,768.39

5.13%

Loans and Advances

17,502,460.55

15,111,257.91

15.82%

Net Interest Income

1,021,101.41

986,881.63

3.47%

Provision for possible losses

47,903.32

193,867.11

-

Operating Profit

621,486.51

503,650.39

23.40%

Write Back of provision for possible losses

70,812.47

337,816.75

-

Net Profit

436,133.71

518,155.10

-15.83%

Capital Adequacy Ratio

15.55%

13.07%

-

NPL (%)

0.59%

0.53%

-

Cost of Fund (%)

7.59%

6.27%

-

Annualized EPS (In Rs.)

41.91

59.75

-29.86%

Net Worth per share (In Rs.)

205.16

198.21

3.51%

Price to Earnings Ratio (times)

25.91

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