Vijaya Laghubitta shows outstanding performance in Q2; Net Profit & Operating Profit grows by 95.55% & 138.54% respectively

Sun, Feb 3, 2019 6:34 AM on Latest, Financial Analysis, Stock Market,

Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) has published its Q2 report of the fiscal year 2075/76. As per the unaudited report, the net profit of the company is Rs 2.42 crore which is a oustanding growth of 95.55% compared to same quarter of last fiscal year 2074/75.

The borrowings of the company has increased massively by 89.95% to Rs 1.43 arba from Rs 75.32 crore of correspoinding quarter of last fiscal year whereas its deposits rises by 92.54% compared to last FY year same quater. The microfinance Company collected deposits of Rs 42.34 crore.

It has floated loans of Rs 2.02 arba till Q2. Loan & advances of the company have increased massively by 91.40% compared to the corresponding quarter of last fiscal year.

The net interest income of the company surges by 51.51%, from Rs 4.66 crore to Rs 7.06 crore in Q2 of FY 2075/76. Operating profit has also increased massively by 138.54% to Rs 3.24 crore.

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Major Highlights:

Particulars (In Rs '000) VLBS    
  Q2 2075/76 Q2 2074/75 Difference
Paid Up Capital 194,810 177,100 10.00%
Reserve & Surplus 47,361 29,247 61.93%
Deposits 423,398 219,903 92.54%
Borrowings 1,430,673 753,203 89.95%
Loans & Advances 2,025,072 1,058,050 91.40%
Net Interest Income 70,616 46,607 51.51%
Provision for possible losses 12,826 9,950 28.90%
Operating Profit 32,399 13,582 138.54%
Net Profit 24,240 12,396 95.55%
NPL (%) 2.45 2.62 -6.49%
Annualized EPS (In Rs.) 24.89 14.00 77.77%
Net Worth per Share (In Rs.) 124.31 117.42 5.87%
P/E ratio 27.52    

The Microfinance Company have a Paid-Up of Rs 19.48 crore with reserved of Rs 4.73 crore. The EPS and net worth of share stands at Rs 24.89 and Rs 124.31. P/E ratio according to the report is 27.52 times.