Mahuli reported fair growth in core business revenue in Q2; EPS at Rs. 39.96

Wed, Feb 3, 2021 7:40 AM on Latest, Company Analysis,

Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) published the second-quarter report of FY 2077/2078 with 83.61% increment in Net Profit. As per the report published by the company, the net profit increased to Rs. 3.72 crores as compared to Rs. 2.03 crores in the corresponding quarter of the previous year.

The borrowings of the company increased by 8.28% to Rs. 1.19 Arba which was Rs. 1.09 Arba in the corresponding quarter of the previous year. The company’s loans and advances have also increased by 18.50 % to 2.75 Arba in this quarter.

The net interest income (core revenue) has increased by 7.39% to Rs. 9.64 crores compared to Rs. 8.97 crores in the corresponding quarter of the previous year.

The paid-up capital of the company stood at Rs. 18.66 crores in this quarter and its reserve and surplus stood at Rs. 23.41 crores which is an increase of 21.72% in this quarter.

Its annualized earnings per share (EPS) stands at Rs. 39.96. The net worth per share is Rs. 225.47. The company traded at a P/E multiple of 23.40 times.

Click here for Q2 report

Major Highlights:

Particulars

Mahuli Laghubitta Bittiya Sanstha Limited

Q2, 2077/2078

Q2, 2076/2077

Difference

Paid-Up Capital

186,620.00

122,400.00

52.47%

Reserve & Surplus

234,158.95

192,378.30

21.72%

Borrowings

1,190,959.50

1,099,851.39

8.28%

Deposits

1,205,815.34

995,326.05

21.15%

Loans & Advances

2,752,781.52

2,323,050.82

18.50%

Net Interest Income

96,412.99

89,775.67

7.39%

Provision for possible Losses

16,355.86

9,790.79

-

Write Back of Provision

17,183.37

372.00

-

Net Profit

37,283.48

20,305.57

83.61%

Capital Adequacy (%)

13.20%

11.75%

-

NPL (%)

3.00%

1.81%

-

Cost of fund (%)

7.50%

10.83%

-

EPS (Rs.)

39.96

33.18

-

Net worth per share (Rs.)

225.47

257.17

-

Qtr end PE ratio (Times)

23.40

-

-

Qtr End Market Price

935

-

-