Infinity Laghubitta reports 142% surge in net profit for Q1 2076/77; Annualized EPS and net worth at Rs 31.06 and Rs 141.69
Fri, Oct 25, 2019 1:15 PM on Financial Analysis, Latest, Stock Market,
Infinity Laghubitta Bittiya Sanstha Limited (ILBS) has published its unaudited financial report for the first quarter of the fiscal year 2076/77. Infinity has earned net profit of Rs 1.61 crore till the end of Q1 in this fiscal year 2076/77. As per report, the profit has risen by 142.47% as compared to the same period last year.
Infinity Laghubitta deposits rises by 71.49% to Rs 55.86 crore. Similarly, its borrowings have increased to Rs 80.61 crore. The company has floated Rs 1.60 arba worth of loans and has set aside Rs 46.84 lakhs as provision for provision for possible losses.
As of Q1, Infinity has a paid up capital of Rs 20.74 crore with reserve of Rs 8.64 crore. Its net worth per share stands at Rs 141.69. Likewise, its annualized EPS stands Rs 31.06.
Major Highlights:
| Particulars (In Rs '000) | ILBS | ||
|---|---|---|---|
| Q1 2076/77 | Q1 2075/76 | Difference | |
| Paid Up Capital | 207,400 | 140,000 | 48.14% |
| Reserve & Surplus | 86,457 | 11,979 | 621.74% |
| Borrowings | 806,173 | 722,529 | 11.58% |
| Deposits | 558,656 | 325,770 | 71.49% |
| Loans & Advances | 1,609,364 | 1,036,254 | 55.31% |
| Net Interest Income | 39,239 | 18,244 | 115.08% |
| Staff Expenses | 17,525 | 10,052 | 74.34% |
| Provision for possible losses | 4,684 | 3,822 | 22.55% |
| Operating Profit | 25,564 | 10,438 | 144.91% |
| Net Profit | 16,105 | 6,642 | 142.47% |
| Capital Adequacy (%) | 18.01 | 14.73 | 22.27% |
| NPL (%) | 1.13 | 0.65 | 73.85% |
| Cost of Fund (%) | 9.27 | 10.38 | -10.69% |
| Annualized EPS (In Rs.) | 31.06 | - | |
| Net Worth per Share (In Rs.) | 141.69 | - | |
| PE Ratio (times) | 15.21 | - | |
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