Janautthan Samudayic net profit decline by 9.34% in Q4; Company recent AGM approve agenda to issue 200% right shares
Tue, Aug 18, 2020 7:10 AM on Latest, Company Analysis,
Janautthan Samudayic Laghubitta Bittiya Sanstha Limited (JSLBB) net profit decline by 9.34% in the fourth quarter (Q4) of the fiscal year 2076/77.
Publishing the unaudited financial report for the fourth quarter today, the microfinance company stated that its net profit decreased to Rs 2.23 crore in the Q4 of fiscal year 2076/77, down from Rs 2.46 crore in the corresponding period of the previous fiscal year 2075/76.
Its net interest income has increased from Rs 8.82 crore in the corresponding quarter to Rs 11.13 crore till the fourth quarter.
Its paid-up capital stands at Rs 7.92 crore with reserve and surplus of Rs 7.46 crore till Q4.
The company has borrowings of Rs 1 arba till the fourth quarter, up from Rs 95.65 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 1.50 arba till Q4 whereas in the same period last year the figure stood at Rs 1.37 arba.
It's earning per share (EPS) and net worth per share stood at Rs 28.27 and Rs 194.26 respectively. Its quarter-end PE is at 59.07 times.
The company has recently formed a 3-member committee for mergers and acquisitions of suitable organizations.
Janautthan Samudayic Laghubitta to convene 9th AGM on Chaitra 27; distribution of 25% bonus and 200% right issue to be endorsed. But NRB's recent policy for microfinance companies not to allow to issue the right shares and opt for a merger might have an impact on this decision of the company to issue the right shares.
Major Highlights:
|
Particulars (In Rs '000) |
Janautthan Samudayic |
||
|---|---|---|---|
|
Q4 2076/77 |
Q4 2075/76 |
Difference |
|
|
Paid Up Capital |
79,200.00 |
42,968.10 |
84.32% |
|
Reserve & Surplus |
74,652.40 |
65,379.69 |
14.18% |
|
Deposits |
538,102.29 |
408,810.67 |
|
|
Borrowings |
1,005,252.79 |
956,570.92 |
5.09% |
|
Loans & Advances |
1,508,214.56 |
1,376,109.77 |
9.60% |
|
Net Interest Income |
111,364.49 |
88,200.38 |
26.26% |
|
Staff Expenses |
63,057.88 |
53,822.72 |
17.16% |
|
Provision for possible losses |
40,444.69 |
18,616.08 |
- |
|
Write Back of Provision for Possible Losses |
15,689.73 |
3,053.93 |
|
|
Operating Profit |
19,494.69 |
35,756.16 |
-45.48% |
|
Net Profit |
22,390.09 |
24,697.33 |
-9.34% |
|
Capital Adequacy (%) |
10.30 |
8.37 |
23.06% |
|
NPL (%) |
3.58 |
2.23 |
|
|
Cost of Fund (%) |
7.64 |
9.00 |
-15.11% |
|
EPS (In Rs.) |
28.27 |
57.48 |
-50.82% |
|
Net Worth per Share (In Rs.) |
194.26 |
252.16 |
-22.96% |
|
PE Ratio (times) |
59.07 |
- |
- |
|
Qtr End Price |
1,670.00 |
- |
- |
|
PB Ratio (times) |
8.6 |
- |
- |
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