Mithila Laghubitta Reports Decline in Business Volume in Q2; Provision for Losses Increases by 63.68% & EPS Stands at Rs. 25.52

Wed, Jan 25, 2023 11:13 AM on Latest, Financial Analysis, Stock Market,

Mithila Laghubitta Bittiya Sanstha Limited (MLBBL) has posted a net profit of Rs 2.17 crores and published its second-quarter company analysis of the fiscal year 2079/80. The net profit declined by 37.25% in this period, from Rs. 3.46 crores reported in the corresponding quarter of the previous year.

Mithila Laghubitta’s Net Interest Income – Core Business Revenue has also decreased by 12.25% in Q2, 2079/2080, and stood at Rs. 5.72 crores. 

The operating expenses of the company i.e staff expenses has increased by 8.67% to stand at Rs. 3.09 Crores. Likewise, the provision for possible losses has also increased by 63.68% to Rs. 87.25 Lakhs. 

The company has a borrowing of Rs. 1.30 Arba, which is an incline of 15.70%. Likewise, it has floated loans of Rs. 2.31 Arba which is an increase of 19.68% compared to the corresponding quarter of the previous year. On the other hand, the deposits of the company increased by 34.73% to stand at Rs. 79.4 Crores.

Its paid-up capital stands at Rs. 17.04 crores with a reserve and surplus of Rs. 18.20 crores. The reserve and surplus of the company increased by 8.30% in this quarter. 

The earnings per share (EPS) stands at Rs. 25.52 and net worth per share stands at Rs. 206.81. The Qtr. end P/E ratio stood 45.46 times.

Click here for the Q2 report

Major Highlight

Particulars (In Rs '000) Mithila Laghubitta
Q2 2079/80 Q2 2078/79 Difference
Paid Up Capital 170,437.18 136,349.74 25.00%
Reserve & Surplus 182,048.22 168,099.15 8.30%
Borrowings 1,300,133.37 1,123,695.07 15.70%
Deposits 794,349.46 589,571.51 34.73%
Loans & Advances to MFIs & Cooperatives 2,316,415.16 1,935,557.73 19.68%
Net Interest Income 57,242.60 65,232.69 -12.25%
Staff Expenses 30,954.13 28,484.16 8.67%
Impairment Charges/Reversal for loans and Advances 8,725.87 5,331.08 63.68%
Operating Profit 26,208.72 42,774.38 -38.73%
Net Profit 21,747.10 34,659.15 -37.25%
EPS (In Rs.) 25.52 50.84 -49.80%
Net Worth per Share (In Rs.) 206.81 223.29 -7.38%
Qtr end PE Ratio (times) 45.46 - -
Qtr End Market Price 1160 - -