Stable operating expenses leads to rise in net profit of Mithila Laghubitta; Non-performing loan at 1.38%
Fri, Nov 6, 2020 8:32 AM on Latest, Company Analysis,
Mithila Laghubitta Bittiya Sanstha (MLBBL) has published its first-quarter report of FY 2077/2078 with an increase in Net Profit. As per the report published by the company, the net profit increased to Rs. 1.57 crores as compared to Rs. 46.02 Lakhs in the corresponding quarter of the previous year.
The borrowings of the company increased to Rs. 91.41 crores which was Rs. 72.32 crore in the corresponding quarter of the previous year. The company’s loans and advances increased to Rs. 1.45 Arba in this quarter.
The net interest income (core revenue) has increased by 36.13% to Rs. 2.56 crores compared to Rs. 1.88 crores in the corresponding quarter of the previous year.
The paid-up capital of the company increased to Rs. 12.17 crores in this quarter and its reserve and surplus stood at Rs. 8.45 crores which is an increase of 33.18%.
Its annualized earnings per share (EPS) stands at Rs. 51.79. The new wroth per share increased to Rs. 169.47. The company traded at a P/E multiple of 14.33 times.
Financial Highlights:
|
Particulars |
Mithila Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q1, 2077/2078 |
Q1, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
121,740.84 |
98,966.91 |
23.01% |
|
Reserve & Surplus |
84,567.64 |
63,498.52 |
33.18% |
|
Deposits |
411,663.92 |
281,759.08 |
46.10% |
|
Borrowings |
914,191.99 |
723,249.07 |
26.40% |
|
Loans and Advances |
1,455,898.81 |
1,025,984.54 |
41.90% |
|
Net Interest Income |
25,600.72 |
18,805.82 |
36.13% |
|
Provision for possible losses |
63.01 |
2,839.01 |
-97.78% |
|
Operating Profit |
21,582.68 |
7,184.39 |
200.41% |
|
Net Profit |
15,763.19 |
4,602.48 |
242.49% |
|
Capital Adequacy Ratio (%) |
12,76% |
15.08% |
- |
|
NPL (%) |
1.38% |
2.52% |
- |
|
Cost of Fund (%) |
7.94% |
10.66% |
- |
|
Annualized EPS (In Rs.) |
51.79 |
18.60 |
178.42% |
|
Net Wroth per share (In Rs.) |
169.47 |
164.16 |
3.23% |
|
Price to earnings (times) |
14.33 |
- |
- |
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