Jeevan Bikas Q3 profit growth remains stagnant; EPS decline after issue of IPO and 70% Bonus Shares
Wed, May 4, 2022 10:29 AM on Financial Analysis, Latest,
Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) published the third-quarter report of FY 2078/2079 with a meager growth of 2.42% in Net Profit. As per the report published by the company, the net profit increased to Rs. 57.75 crore as compared to Rs. 56.39 crore in the corresponding quarter of the previous year.
The borrowings of the company declined by 3.49% to Rs. 9.82 Arba which was Rs. 10.17 Arba in the corresponding quarter of the previous year. The deposits of the company increased by 16.49% to Rs 9.05 arba. The company’s loans and advances have also increased by 13.73% to 22.83 Arba in this quarter.
The net interest income (core revenue) has increased by 20.38% to Rs. 1.28 arba compared to Rs. 1 arba in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 1.03 Arba in this quarter and its reserve and surplus stood at Rs. 1.33 Arba which is an increase of 151.85% in this quarter. The rise in the capital is due to the issue of IPO worth Rs 19.77 crore and 70% bonus shares.
Its annualized earnings per share (EPS) stand at Rs. 74.46. The net worth per share is Rs. 229.28. The company traded at a P/E multiple of 40.16 times.
Major Highlights:
| Particulars (In Rs '000) | Jeevan Bikas Laghubitta | ||
|---|---|---|---|
| Q3 2078/79 | Q3 2077/78 | Difference | |
| Paid Up Capital | 1,034,280.00 | 410,670.00 | 151.85% |
| Reserve & Surplus | 1,337,106.69 | 1,183,910.63 | 12.94% |
| Borrowings | 9,820,470.84 | 10,175,588.89 | -3.49% |
| Deposits | 9,054,817.08 | 7,772,787.99 | 16.49% |
| Loans & Advances | 22,834,766.15 | 20,077,677.57 | 13.73% |
| Net Interest Income | 1,206,959.17 | 1,002,595.30 | 20.38% |
| Staff Expenses | 374,578.21 | 334,354.23 | 12.03% |
| Provision for possible losses | 352,170.80 | 531,689.67 | - |
| Operating Profit | 602,696.06 | 292,915.76 | 105.76% |
| Write Back | 278,636.21 | 569,699.45 | - |
| Net Profit | 577,598.29 | 563,939.79 | 2.42% |
| Capital Adequacy (%) | 11.14 | 8.39 | 32.78% |
| NPL (%) | 0.83 | 0.60 | - |
| Cost of Fund (%) | 10.54 | 7.40 | 42.43% |
| EPS (In Rs.) | 74.46 | 183.10 | -59.33% |
| Net Worth per Share (In Rs.) | 229.28 | 388.29 | -40.95% |
| Qtr end PE Ratio (times) | 40.16 | - | - |
| Qtr End Market Price | 2990 | - | - |
