Vijaya Laghubitta Bikas Bank Limited (VLBS) has reported meager decrease in profit in the first quarter of the FY 2074/75. The microfinance company has posted 0.12 percent decrease in net profit in Q1.
As per the unaudited quarterly report for the first quarter published today, VLBS has net profit of Rs. 75.28 lakh in the Q1 of fiscal year 2074/75, down from Rs 75.37 lakh in the corresponding quarter of fiscal year 2073/74.
VLBS has borrowings of Rs. 68.86 crore and loans of Rs 96.93 crore in the first quarter of 2074/75 while its borrowings and loan was Rs 46.90 crore and Rs 53.69 crore respectively in the corresponding quarter of fiscal year 2073/74.
VLBS has a paid up capital of Rs 16.10 crores with reserve of Rs 4.86 crores in Q1 of the fiscal year 2074/75. VLBS had announced 10% bonus share and 5% cash dividend to its shareholders from the profit it had earned in the FY 2073/74. After 10% bonus shares, its paid up capital will reach to Rs 17.71 crore.
Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) will be convening its 5
th Annual General Meeting (AGM) on Mangsir 16, 2074. The AGM is going to be held at Hotel Red Carpet, Narayangadh, Chitwan at 11:30AM.
VLBS’s non-performing loan has increased to 1.65 % in the first quarter last fiscal year from 0.9% in the corresponding quarter of the previous fiscal year.
Its annualized earning per share stands at Rs 18.70, net worth per share stands at Rs.130.24 and P/E ratio is 66.54 times.
Major Highlights:
| Particulars (In Rs '000) |
Vijaya Laghubitta |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
161,000 |
140,000 |
15.00% |
| Reserve & Surplus |
48,690 |
38,007 |
28.11% |
| Deposits |
184,372 |
76,020 |
142.53% |
| Borrowings |
688,640 |
469,003 |
46.83% |
| Loans & Advances |
969,340 |
536,910 |
80.54% |
| Net Interest Income |
23,130 |
17,609 |
31.35% |
| Provision for possible losses |
3,521 |
2,546 |
38.30% |
| Operating Profit |
8,434 |
8,006 |
5.35% |
| Net Profit |
7,528 |
7,537 |
-0.12% |
| NPL (%) |
1.65 |
0.9 |
83.33% |
| Annualized EPS (In Rs.) |
18.70 |
21.53 |
-13.15% |
| Net Worth per Share (In Rs.) |
130.24 |
127.15 |
2.43% |
| P/E Ratio (In times) |
66.54 |
- |
- |
Support Microfinance Bittiya Sanstha Limited has posted massive fall of net profit by 606.14 percent in the first quarter (Q1) of the FY 2074/75.
Publishing the unaudited financial report for the first quarter today, the microfinance company stated that its net loss of Rs 21.36 lakh from profit of Rs 4.22 lakh in the corresponding quarter of the FY 2073/74.
Its paid up capital remains at Rs 4.20 crore and reserve is negative at Rs 5.36 lakh. It had issued IPO shares of 1.80 lakh unit to the general public from Ashwin 18 to Ashwin 23, 2074. Only 16,740 applicants are allotted with the 10 unit shares through lottery.
The microfinance company has borrowings of Rs 27.15 crore in the first quarter, up from Rs 15.49 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 29.61 crore in Q1 whereas in the same period last year the figure stood at Rs 16.34 crore.
Its non-performing loan (NPL) stands at 3.86 % in Q1 up from 0.9% in the corresponding quarter.
Its earning per share (EPS) stands negative at Rs 20.34 and net worth per share at Rs 98.72.
Major Highlights:
| Particulars (In Rs '000) |
Support Microfinance |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
42,000 |
42,000 |
0.00% |
| Reserve & Surplus |
(536) |
(2,250) |
-76.18% |
| Deposits |
35,548 |
10,946 |
224.76% |
| Borrowings |
271,570 |
154,927 |
75.29% |
| Loans & Advances |
296,127 |
163,443 |
81.18% |
| Net Interest Income |
4,846 |
4,556 |
6.37% |
| Provision for possible losses |
3,854 |
999 |
285.79% |
| Operating Profit |
(2,933) |
(106) |
2664.63% |
| Net Profit |
(2,136) |
422 |
-606.14% |
| NPL (%) |
3.86 |
0.9 |
328.89% |
| Annualized EPS (In Rs.) |
(20.34) |
4.02 |
-606.14% |
| Net Worth per Share (In Rs.) |
98.72 |
94.64 |
4.31% |
| P/E Ratio (In times) |
- |
- |
- |
