Lower cost of fund and higher net interest income leads to 106.60% rise in net profit of Deprosc Laghubitta in Q1; EPS stands at Rs 78.81
Wed, Nov 11, 2020 5:19 AM on Company Analysis, Latest,
Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) has reported a rise in net profit by 106.60% in the first quarter of the fiscal year 2077/78.
DDBL has published an unaudited financial report for the first quarter today. It has stated that net profit has increased to Rs. 19.80 crore in the first quarter of fiscal year 2077/78 from Rs 9.58 crore reported in the corresponding quarter of the previous fiscal year 2076/77.
The microfinance has borrowings of Rs. 5.98 Arba. Likewise, it extended loans of Rs. 12.84 Arba. It has collected deposits of Rs. 5.25 Arba till the first quarter of the current fiscal year.
It has paid-up capital of Rs 1 arba with a reserve of Rs 1.08 arba till Q1.
DDBL’s net interest income has increased by 51.84% from Rs. 23.93 Crore in the corresponding quarter last year to Rs. 36.35 Crore in the first quarter of fiscal year 2077/78. Its operating profit stands at a negative 1.10 arba due to the huge amount of provision of Rs. 1.37 arba. However, at the same time company is able to write back Rs 1.42 arba from a provision for possible losses.
The annualized earnings per share (EPS) of the microfinance company stands at Rs. 78.81. The microfinance’s non-performing loan (NPL) has decreased to 0.65 percent in the first quarter. Currently, the Net worth per share stands at Rs. 207.79 and the P/E ratio at 10.77 times.
Major Highlights:
|
Particulars (In Rs '000) |
Deprosc Laghubitta |
||
|---|---|---|---|
|
Q1 2077/78 |
Q1 2076/77 |
Difference |
|
|
Paid Up Capital |
1,005,433.57 |
773,410.44 |
30.00% |
|
Reserve & Surplus |
1,083,717.26 |
961,532.91 |
12.71% |
|
Borrowings |
5,980,311.25 |
7,309,687.66 |
-18.19% |
|
Deposits |
5,253,688.08 |
42,231,137.13 |
-87.56% |
|
Loans & Advances |
12,844,084.78 |
12,104,068.89 |
6.11% |
|
Net Interest Income |
363,505.50 |
239,394.58 |
51.84% |
|
Staff Expenses |
128,404.70 |
100,541.89 |
27.71% |
|
Provision for possible losses |
1,372,614.70 |
72,090.61 |
- |
|
Write Back of Provision |
1,429,156.86 |
40,871.04 |
- |
|
Operating Profit |
-1,109,156.81 |
109,826.07 |
-1109.92% |
|
Net Profit |
198,093.47 |
95,881.15 |
106.60% |
|
Capital Adequacy (%) |
14.36 |
14.97 |
-4.07% |
|
NPL (%) |
0.65 |
1.25 |
- |
|
Cost of Fund (%) |
7.47 |
11.26 |
-33.66% |
|
EPS (In Rs.) |
78.81 |
49.59 |
58.93% |
|
Net Worth per Share (In Rs.) |
207.79 |
224.32 |
-7.37% |
|
Qtr end PE Ratio (times) |
10.77 |
- |
- |
|
Qtr End Market Price |
849 |
- |
- |
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