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.
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 | - | - |
