Vijaya Laghubitta reports a whopping 191% growth in net profit figure; NPL also rises to 2.22 with CAR below 11%
Sun, Nov 10, 2019 10:36 AM on Financial Analysis, Latest, Stock Market,
Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) has published its Q1 report of the fiscal year 2076/77. As per the unaudited report, the net profit of the company rises by an outstanding 191.72% to Rs 2.25 crore.
The borrowings of the company have increased by 84.79% to Rs 2.41 arba whereas its deposits rise by 81.02% to Rs 65.70 crore. It has floated loans of Rs 3.22 arba till Q1. Loan & advances of the company have increased by 80.49% compared to the corresponding quarter of last fiscal year.
The net interest income of the company surges by 83.99%, from Rs 3.27 crore to Rs 6.01 crore till Q1 of FY 2076/77.
The annualized earning per share of the company is Rs 46.20 and net worth per share stands at Rs 155.69.
Major Highlights:
| Particulars (In Rs '000) | Vijaya Laghubitta | ||
|---|---|---|---|
| Q1 2076/77 | Q1 2075/76 | Difference | |
| Paid Up Capital | 194,810 | 177,100 | 10.00% |
| Reserve & Surplus | 108,480 | 48,554 | 123.42% |
| Borrowings | 2,418,473 | 1,308,758 | 84.79% |
| Deposits | 657,063 | 362,982 | 81.02% |
| Loans & Advances | 3,227,411 | 1,788,114 | 80.49% |
| Net Interest Income | 60,182 | 32,710 | 83.99% |
| Staff Expenses | 30,172 | 20,224 | 49.19% |
| Provision for possible losses | 11,492 | 8,802 | 30.56% |
| Operating Profit | 27,738 | 11,983 | 131.48% |
| Net Profit | 22,500 | 7,713 | 191.72% |
| Capital Adequacy (%) | 9.21 | 12.84 | -28.27% |
| NPL (%) | 2.22 | 1.96 | 13.27% |
| Cost of Fund (%) | 11.21 | 10.85 | 3.32% |
| Annualized EPS (In Rs.) | 46.2 | 17.42 | 165.21% |
| Net Worth per Share (In Rs.) | 155.69 | ||
| PE Ratio (times) | 12.78 | ||
