Infinity Laghubitta earns Rs 2.19 crore till Q3; company to issue IPO worth Rs 6.74 crore soon

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Tue, Apr 23, 2019 7:30 AM on Financial Analysis, Latest, Stock Market,
Infinity L...

Infinity Laghubitta Bittiya Sanstha Limited has published its unaudited financial report for the third quarter of the fiscal year 2075/76. Infinity has earned net profit of Rs 2.19 crore till the end of Q3 in this fiscal year 2075/76. As per report, the profit rises by 214% as compared to the same period last year.

Infinity Laghubitta deposits rises by 145.05% to Rs 45.67 crore. Similarly, its borrowings have increased to Rs 87.56 crore. The company has floated Rs 1.34 arba worth of loans and has set aside Rs 57 lakhs as provision for provision for possible losses.

As of Q3, Infinity has a paid up capital of Rs 14 crore with reserve of Rs 2.71 crore. Its net worth per share stands at Rs 119.40. Likewise, its annualized EPS stands Rs 20.89.

Major Highlights:

Particulars (In Rs '000)

Infinity Laghubitta

Q3 2075/76

Q3 2074/75

Difference

Paid Up Capital

140,000.00

70,000.00

100.00%

Reserve & Surplus

27,160.00

1,008.00

2594.44%

Deposits

456,770.00

186,398.00

145.05%

Borrowings

875,636.00

596,736.00

46.74%

Loans & Advances

1,343,598.00

781,456.00

71.94%

Net Interest Income

59,401.00

19,049.00

211.83%

Provision for possible losses

5,708.00

6,533.00

-

Operating Profit

34,471.00

8,156.00

322.65%

Net Profit

21,936.00

6,982.00

214.18%

Capital Adequacy (%)

12.46

9.70

28.45%

NPL (%)

1.01

0.09

1022.22%

Annualized EPS (In Rs.)

20.89

13.30

57.09%

Net Worth per Share (In Rs.)

119.40

101.44

17.71%

Infinity Laghubitta Bittiya Sanstha Limited is in process to issue IPO worth Rs.6.74 Crore soon. The company appointed Civil Capital Market Limited as issue manager for this purpose. The company has authorized capital of Rs. 500 million, issued capital of Rs. 200 million and paid – up capital of Rs 140 million. Capital has been raised from 88 different promoters throughout the country having different occupations and backgrounds. These promoters have been categorized under “A” group and have ownership of 70 percent of shares.

CARE-NP IPO Grade 4‟ to the proposed Initial Public Offer (IPO) of Infinity Laghubitta Bittiya Sanstha Ltd. (ILBSL). “CARE-NP IPO Grade 4‟ indicates below average fundamentals.