Despite Decline In Operating Profit Mahila Laghubitta Reported 50% Rise In Net Profit In Q2
Sun, Jan 30, 2022 9:17 AM on Latest, Company Analysis,
Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) published its second-quarter report of FY 2078/2079 with a 50.5% increase in Net Profit. As per the report published by the company, the net profit increased to Rs. 8.18 crores as compared to Rs. 5.43 crores in the corresponding quarter of the previous year.
The growth in net profit despite a decline in operating profit is mainly due to loan write back worth Rs. 9 crores in the same quarter.
The borrowings of the company increased by 29.9% to Rs. 2.44 Arba which was Rs. 1.88 Arba in the corresponding quarter of the previous year. The company’s loans and advances have also increased by 38.94% to 3.91 Arba in this quarter.
The net interest income (core revenue) has increased by 46.96% to Rs. 14.49 crores compared to Rs. 9.86 crores in the corresponding quarter of the previous year.
The paid-up capital of the company increased to Rs. 14.75 crores in this quarter and its reserve and surplus stood at Rs. 23.17 crores which is an increase of 18.24% in this quarter.
Its annualized earnings per share (EPS) stand at Rs. 110.97. The net worth per share is Rs. 257.13 and the company traded at a P/E multiple of 33.16 times.
Financial Highlights:
| Particulars | Mahila Laghubitta Bittiya Sanstha Limited | ||
|---|---|---|---|
| Q2, 2078/2079 | Q2, 2077/2078 | Difference | |
| Paid-Up Capital | 147,500.00 | 60,000.00 | 145.83% |
| Reserve & Surplus | 231,760.16 | 182,407.47 | 27.06% |
| Borrowings | 2,449,337.34 | 1,885,404.23 | 29.91% |
| Deposits | 1,127,490.03 | 785,339.67 | 43.57% |
| Loans & Advances | 3,910,257.00 | 2,814,253.00 | 38.94% |
| Net Interest Income | 144,960.88 | 98,636.37 | 46.96% |
| Provision for losses | 80,300.59 | 24,812.87 | - |
| Net Profit | 81,842.32 | 54,379.80 | 50.50% |
| Capital Adequacy (%) | 9.54% | 8.26% | - |
| NPL (%) | 2.84% | 1.45% | - |
| Cost of fund (%) | 11.23% | 6.36% | - |
| EPS (Rs.) | 110.97 | 181.27 | - |
| Net worth per share (Rs.) | 257.13 | 404.01 | - |
| Qtr end PE ratio (Times) | 33.16 | - | - |
| Qtr End Market Price | 3680 | - | - |
