Vijaya Laghubitta, Mahuli Laghubitta & Naya Nepal Laghubitta publish Q2 report; EPS at Rs 14, Rs 58.98 & Rs 8.16 respectively

Thu, Feb 8, 2018 12:55 PM on Latest, Financial Analysis, Featured, Stock Market,
Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) has reported decrease in profit of 19.49% in the second quarter of the current fiscal year 2074/75. According to the unaudited financial report for the second quarter published today, the microfinance has stated that its net profit decreased to Rs 1.23 crore in second quarter as compared to Rs 1.53 crore in the corresponding quarter of the last fiscal year 2073/74. Its deposits have increased outstandingly by 129.05% to reach Rs 21.99 crore in the second quarter of the current fiscal year 2074/75 from Rs 9.60 crore in the corresponding quarter of the previous fiscal year. It has floated loans of Rs 1.05 arba in the second quarter of current fiscal year 2074/75. The borrowing of the microfinance has increased from Rs 48.53 crore in the corresponding quarter of the previous year to Rs 75.32 crore in the second quarter of the current fiscal year 2074/75. Its net interest income has also increased to Rs 4.66 crore in the Q2 up from Rs 3.72 crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs. 1.35 crore in Q2 of the ongoing fiscal year. Vijaya Lagubitta’s paid up capital stand at Rs 17.71 crore and reserve and surplus is Rs 2.92 crore in second quarter of FY 2074/75. It’s annualized Earnings per Share (EPS) stands at Rs 14.00, net worth per share stands is at Rs 116.51 and P/E ratio at Rs 65.64 times. Major Highlights:
Particulars (In Rs '000) VLBS
Q2 2074/75 Q2 2073/74 Difference
Paid Up Capital        177,100        140,000 26.50%
Reserve & Surplus          29,247          45,867 -36.23%
Deposits        219,903          96,006 129.05%
Borrowings        753,204        485,319 55.20%
Loans & Advances    1,058,050        638,725 65.65%
Net Interest Income          46,608          37,241 25.15%
Provision for possible losses            9,951            4,472 122.51%
Operating Profit          13,583          18,335 -25.92%
Net Profit          12,396          15,397 -19.49%
NPL (%) 2.62 1.08 142.59%
 Annualized EPS (In Rs.)            14.00            22.00 -36.35%
Net Worth per Share (In Rs.)          116.51          132.76 -12.24%
P/E Ratio (In times) 65.64 - -
Q2 Report Likewise, Mahuli Samudayik Laghubitta Bittiya Sanstha Limited (MSLB) has posted increase in its net profit by 21.28% in the second quarter of the current fiscal year. As per the unaudited financial report published today, the microfinance company has stated its net profit as Rs 1.76 crore in Q2 of the FY 2074/75 from Rs 1.45 crore of the previous quarter. Its provision for possible losses has decreased heavily by 60.58% to Rs 49.68 lakh in the Q2 of current fiscal year 2074/75 from Rs 1.26 crore in the corresponding quarter of the previous fiscal year. It has total deposit of Rs 65.83 crore and has floated loans of Rs 1.36 arba. It has a paid up capital of Rs 6.00 crore and Rs 15.23 crore in the reserve. Its NPL stands at 1.85% which is an increment from previous year’s 1.45%. Its annualized EPS stands at Rs 58.98, Net worth per share is Rs 353.96 and P/E Ratio at 49.51 times. Major Highlights:
Particulars (In Rs '000) MSLB
Q2 2074/75 Q2 2073/74 Difference
Paid Up Capital                   60,000             28,000 114.29%
Reserve & Surplus                 152,376           109,877 38.68%
Deposits                 658,371           537,059 22.59%
Borrowings                 596,239           550,706 8.27%
Loans & Advances             1,363,797       1,075,495 26.81%
Net Interest Income                   64,679             72,597 -10.91%
Provision for possible losses                     4,968             12,601 -60.58%
Operating Profit                   27,233             23,072 18.04%
Net Profit                   17,694             14,589 21.28%
NPL (%) 1.85 1.45 27.59%
 Annualized EPS (In Rs.)                     58.98             104.21 -43.40%
Net Worth per Share (In Rs.)                   353.96             492.42 -28.12%
P/E Ratio (In times) 49.51 - -
Q2 Report Naya Nepal Laghubitta Bikas Bank (NNLB) has posted its Q2 report for the FY 2074/75 and has reported a net profit of 8.16 lakh. The net profit of the company has decreased by a massive 82.84% which was Rs 47.56 lakh in the corresponding quarter of the previous year. The microfinance has collected Rs 6.02 crore as deposits which is an increment from corresponding period’s Rs 5.01 crore. It has floated Rs 25.16 crore as loans and advances in the Q2 of the current year and Rs 16.44 crore as loans and advances were floated in the corresponding quarter of previous year. It has a paid up capital of Rs 2 crore and Rs 2.49 crore in the reserve. The microfinance company had announced 20% bonus shares to its shareholders from the net profit of FY 2073/74. the company had also proposed right shares in the ratio 1:2.5. The annualized EPS of the company stands at Rs 8.16 and the Net worth per share stands at Rs 224.28. the P/E ratio of the company is 297.18 times. Major Highlights:
Particulars (In Rs '000) NNLB
Q2 2074/75 Q2 2073/74 Difference
Paid Up Capital          20,000          20,000 0.00%
Reserve & Surplus          24,856          17,297 43.70%
Deposits          60,242          50,134 20.16%
Borrowings        211,885        103,544 0.00%
Loans & Advances        251,639        164,446 53.02%
Net Interest Income            9,086            9,824 -7.51%
Provision for possible losses            1,133            1,870 -39.41%
Operating Profit                837            3,450 -75.74%
Net Profit                816            4,756 -82.84%
NPL (%)              2.88               4.22 -31.75%
 Annualized EPS (In Rs.)               8.16            47.56 -82.84%
Net Worth per Share (In Rs.)          224.28          186.49 20.27%
P/E Ratio           297.18
Q2 Report