Net Profit increases for Infinity Laghubitta despite decrease in Core business revenue; Non-performing loan at 1.37%
Mon, Nov 9, 2020 8:20 AM on Latest, Company Analysis,
Infinity Laghubitta Bittiya Sanstha (ILBS) has published its first-quarter report of FY 2077/2078 with an increase in Net Profit by 35.38%. As per the report published by the company, the net profit increased to Rs. 2.18 crores as compared to Rs. 1.61 crores in the corresponding quarter of the previous year.
The company’s loans and advances increased to Rs. 2.72 Arba in this quarter and the borrowings stood at Rs. 2.16 Arba. Similarly, the deposit increased to Rs. 72.45 crores in Q1 of FY 2077/2078.
The net interest income (core revenue) decreased by 15.79% to Rs. 3.30 crores as compared to Rs. 3.92 crores in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 22.81 crores in this quarter and its reserve and surplus stood at Rs. 12.24 crores.
Its annualized earnings per share (EPS) stands at Rs. 38.23. The net worth per share stands at Rs. 153.68. The company traded at a P/E multiple of 21.24 times.
Financial Highlights:
|
Particulars |
Infinity Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q1, 2077/2078 |
Q1, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
228,140.00 |
207,400.00 |
10.00% |
|
Reserve & Surplus |
122,466.00 |
86,457.00 |
41.65% |
|
Deposits |
724,521.00 |
558,656.00 |
29.69% |
|
Borrowings |
2,160,602.00 |
806,173.00 |
168.01% |
|
Loans and Advances |
2,724,320.00 |
1,609,364.00 |
69.28% |
|
Net Interest Income |
33,044.00 |
39,239.00 |
-15.79% |
|
Provision for possible losses |
2,246.00 |
4,684.00 |
-52.05% |
|
Operating Profit |
20,320.00 |
25,564.00 |
-20.51% |
|
Net Profit |
21,803.00 |
16,105.00 |
35.38% |
|
Capital Adequacy Ratio (%) |
11.57% |
18.01% |
- |
|
NPL (%) |
1.37% |
1.13% |
- |
|
Cost of Fund (%) |
6.45% |
9.27% |
- |
|
Annualized EPS (In Rs.) |
38.23 |
31.06 |
23.07% |
|
Net Worth per share (In Rs.) |
153.68 |
141.69 |
8.47% |
|
Price to earnings (times) |
21.24 |
- |
- |
