Increment in write back and Net Interest Income leads to massive increment in Net profit for Deprosc Laghubitta; Look at the major highlights of Q4
Fri, Jul 30, 2021 6:53 AM on Company Analysis, Latest,
Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) published the fourth-quarter report of FY 2077/2078 with an outstanding 159.55% increment in Net Profit. As per the report published by the company, the net profit increased to Rs. 71.37 crore as compared to Rs. 27.49 crore in the corresponding quarter of the previous year.
The growth in net profit is mainly contributed by the rise in net interest income and write-back amount.
The borrowings of the company increased by 19.63% to Rs. 7.78 Arba which was Rs. 6.50 Arba in the corresponding quarter of the previous year. The deposits of the company increased by 32.55% to Rs 6.54 arba. The company’s loans and advances also increased by 31.90% to 15.23 Arba in this quarter.
The net interest income (core revenue) has increased by 42.79% to Rs. 1.37 Arba compared to Rs. 95.97 crore in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 1.15 arba in this quarter and its reserve and surplus stood at Rs 1.29 arba which is an increase of 55.39% in this quarter.
The company's non-performing loans stand at 0.92% till this quarter which was 2.47% in the corresponding quarter.
Its earnings per share (EPS) stand at Rs. 61.73. The net worth per share is Rs. 211.96. The company traded at a P/E multiple of 27.31 times.
Major Highlights:
|
Particulars |
Deprosc Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q4, 2077/2078 |
Q4, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
1,156,248.61 |
1,005,433.57 |
15.00% |
|
Reserve & Surplus |
1,294,578.18 |
833,125.11 |
55.39% |
|
Borrowings |
7,784,006.21 |
6,506,950.23 |
19.63% |
|
Deposits |
6,541,767.87 |
44,935,167.13 |
-85.44% |
|
Loans & Advances |
15,233,841.66 |
11,549,564.20 |
31.90% |
|
Net Interest Income |
1,370,316.36 |
959,701.76 |
42.79% |
|
Provision for possible Losses |
237,399.97 |
142,364.93 |
- |
|
Write Back of Provision |
389,895.65 |
0.00 |
- |
|
Net Profit |
713,729.53 |
274,991.40 |
159.55% |
|
Capital Adequacy (%) |
13.80% |
13.33% |
- |
|
NPL (%) |
0.92% |
2.47% |
- |
|
Cost of fund (%) |
6.27% |
9.93% |
- |
|
EPS (Rs.) |
61.73 |
27.35 |
- |
|
Net worth per share (Rs.) |
211.96 |
182.86 |
- |
|
Qtr end PE ratio (Times) |
27.31 |
- |
- |
|
Qtr End Market Price |
1686 |
- |
- |
