Jeevan Bikas Laghubitta's Net Profit Surges By 89.37% to Rs. 38.9 Crore in Q2 ; EPS Rose to Rs. 50.65

Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) has reported a net profit of Rs. 38.9 crore in the Second quarter of FY 2082/83, reflecting a remarkable 89.37% growth compared to Rs. 20.54 crore earned in the corresponding period of the previous fiscal year.

The company’s net interest income increased by 9.76% to Rs. 1.04 arba from Rs. 94.81 crore in the same quarter last year. Loans and advances stood at Rs. 28.39 arba, slightly up by 4.04%, while customer deposits increased by 9.91% to Rs. 13.64 arba.

Operating profit rose by a significant 139.31% to Rs. 70.23 crore, while impairment charges saw  reversal of 15.32 crores in this quarter. Retained earnings increased by 37.92% to Rs. 1.10 arba, and total reserves climbed by 4.43% to Rs. 1.61 arba.

Jeevan Bikas Laghubitta’s capital adequacy ratio stood at 11.48%, slightly up from 10.28% last year. Non-performing loans (NPL) rose to 5.98% from 4.56%, while the cost of funds decreased to 7.76% from 8.52%. Annualized earnings per share (EPS) improved to Rs. 50.65 from Rs. 26.75, and net worth per share increased to Rs. 277.15. The company’s quarter-end market price stood at Rs. 1350.2, with a price-to-earnings (P/E) ratio of 26.66 times.

Report:

Major Financial Highlights:

* Figure is of Immediate Fiscal Year Ending
Particulars (In Rs '000) Jeevan Bikas Laghubitta Bittiya Sanstha Limited
Q2 2082/83 Q2 2081/82 Difference
Paid Up Capital 1,536,171.55 1,536,171.55* 0.00%
Share Premium - - -
Retained Earnings 1,103,959.77 800,461.84* 37.92%
Reserves 1,617,421.12 1,548,788.49* 4.43%
Deposits 13,644,805.36 12,414,842.82* 9.91%
Loans and Advances  28,391,750.12 27,289,680.27* 4.04%
Net Interest Income 1,040,622.43 948,121.41 9.76%
Personal Expenses 543,344.49 405,372.09 34.04%
Impairment Charges/(Reversal) for loans and advances -153,235.87 310,262.54 -149.39%
Operating Profit 702,363.76 293,489.44 139.31%
Net Profit 389,037.47 205,442.61 89.37%
Distributable Profit/(loss) after P/L Appropriation and Regulatory Adjustments 1,103,959.77 0.00 0.00%
Capital Adequancy(%) 11.48 10.28 11.67%
Non-Performing Loan 5.98 4.56 31.14%
Cost of Fund 7.76 8.52 -8.92%
Annualized EPS (In Rs.) 50.65 26.75 89.37%
Net Worth per Share (In Rs.) 277.15 252.93 9.58%
Qtr end PE Ratio (times) 26.66 - -
Qtr End Market Price 1350.2 - -

 

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