Deprosc Laghubitta's Net profit rises massively by 60.24% in Q2; EPS and PE ratio stands at Rs. 51.19 and 11.23 times respectively

Mon, Feb 4, 2019 4:57 PM on Financial Analysis, Latest, Stock Market,
Deprosc La...

Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) has published its unaudited financial report for Q2 of the FY 2075/76. The net profit of the National Level microfinance has increased by 60.24% to Rs 17.99 crore till the month of Poush from Rs. 11.23 crore as compared to the net profit from the corresponding quarter of FY 2074/75.

The microfinance has collected Rs 2.95 arba as deposits in Q2 – an increment of around 50% from the last year’s corresponding quarter. On the other hand, reported floated amount of Rs 9.20 arba as loans and advances – increased from 6.42 arba. The microfinance company’s borrowings stood at Rs 5.33 arba.

The paid-up capital of the bank is Rs. 70.31 crore while reserve has increased by 73.87% to Rs. 68.40 crore.

The EPS of the microfinance stands at Rs 51.19 and Net worth per share remains at Rs 197.29 with the P/E ratio of 11.23 times.

Major Highlights:

Particulars (In Rs '000)

Deprosc Laghubitta Bittiya Sanstha Limited

Q2 2075/76

Q2 2074/75

Difference

Paid Up Capital

703,100

703,100

0.00%

Reserve & Surplus

684,036

395,683

72.87%

Deposits

2,956,240

1,979,349

49.35%

Borrowings

5,335,813

3,469,543

53.79%

Loans & Advances

9,203,565

6,427,298

43.19%

Net Interest Income

374,807

293,520

27.69%

Provision for possible losses

69,339

47,905

44.74%

Operating Profit

240,624

145,567

65.30%

Net Profit

179,962

112,310

60.24%

NPL (%)

0.89

0.77

15.58%

Annualized EPS (In Rs.)

51.19

31.95

60.24%

Net Worth per Share (In Rs.)

197.29

156.28

26.24%

P/E ratio

11.23