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.
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.