Despite stagnant core business revenue how did the net profit increase for Chhimek Laghubitta in Q2; Look at the major highlights
Tue, Feb 2, 2021 7:39 AM on Company Analysis, Latest,
Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) published the second-quarter report of FY 2077/2078 with 27.79% increment in Net Profit. As per the report published by the company, the net profit increased to Rs. 61.54 crores as compared to Rs. 48.16 crores in the corresponding quarter of the previous year.
The borrowings of the company increased by 26.43% to Rs. 6.12 Arba which was Rs. 4.85 Arba in the corresponding quarter of the previous year. The company’s loans and advances have also increased by 26.98% to 25.29 Arba in this quarter.
The net interest income (core revenue) has slightly declined by 0.36% to Rs. 98.41 crores compared to Rs. 98.76 crores in the corresponding quarter of the previous year.
Despite decline in core business revenue, the company earned Rs. 35.71 crores as fees and commission income and wrote back Rs. 15.36 crores which pushed the net profit higher.
The paid-up capital of the company stood at Rs. 1.83 Arba in this quarter and its reserve and surplus stood at Rs. 2.61 Arba which is an increase of 71.25% in this quarter.
Its annualized earnings per share (EPS) stands at Rs. 67.27. The new worth per share is Rs. 242.89. The company traded at a P/E multiple of 18.97 times.
Major Highlights:
|
Particulars |
Chhimek Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q2, 2077/2078 |
Q2, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
1,830,000.00 |
1,500,000.00 |
22.00% |
|
Reserve & Surplus |
2,614,831.00 |
1,526,871.00 |
71.25% |
|
Borrowings |
6,125,958.00 |
4,845,279.00 |
26.43% |
|
Deposits |
20,862,570.00 |
17,274,619.00 |
20.77% |
|
Loans & Advances |
25,294,527.00 |
19,919,786.00 |
26.98% |
|
Net Interest Income |
984,110.00 |
987,691.00 |
-0.36% |
|
Fees, Commission and Discount |
357,121.00 |
226,491.00 |
57.68% |
|
Provision for possible Losses |
108,135.00 |
36,955.00 |
- |
|
Write Back of Provision |
153,685.00 |
18,860.00 |
- |
|
Net Profit |
615,494.00 |
481,635.00 |
27.79% |
|
Capital Adequacy (%) |
13.89% |
14.78% |
- |
|
NPL (%) |
2.13% |
0.35% |
- |
|
Cost of fund (%) |
7.67% |
9.51% |
- |
|
EPS (Rs.) |
67.27 |
64.22 |
- |
|
Net worth per share (Rs.) |
242.89 |
201.79 |
- |
|
Qtr end PE ratio (Times) |
18.97 |
- |
- |
|
Qtr End Market Price |
1276 |
- |
- |
