What Fueled the Masisve Increment in Business and Profitability Indicator of Jeevan Bikas Laghubitta in Q4?

Thu, Aug 5, 2021 7:25 AM on Latest, Company Analysis,

Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) published the fourth-quarter report of FY 2077/2078 with an outstanding 101.97% increment in Net Profit. As per the report published by the company, the net profit increased to Rs. 68.95 crore as compared to Rs. 34.14 crore in the corresponding quarter of the previous year.

The borrowings of the company increased by massive 193.17% to Rs. 9.92 Arba which was Rs. 3.38 Arba in the corresponding quarter of the previous year. The deposits of the company increased by 43.88% to Rs 8.09 arba.  The company’s loans and advances have also increased by 91.87% to 20.45 Arba in this quarter.

The company had merged with two different entities previously and the rapid expansion of branches attributed to the massive growth in major indicators.

The net interest income (core revenue) has increased by 49.29% to Rs. 1.41 arba compared to Rs. 94.89 crores in the corresponding quarter of the previous year.

The paid-up capital of the company stood at Rs. 60.84 crores in this quarter and its reserve and surplus stood at Rs. 1.3 Arba which is an increase of 137.62% in this quarter.

The company's non-performing loans stand at 0.61% till this quarter.

Its annualized earnings per share (EPS) stand at Rs. 113.34. The net worth per share is Rs. 315.22.

Click here for the Q4 report

The company recently issued an IPO worth 19.7 crores.

Major Highlights:

Particulars

Jeevan Bikas Laghubitta Bittiya Sanstha Limited

Q4, 2077/2078

Q4, 2076/2077

Difference

Paid-Up Capital

608,400.00

140,000.00

334.57%

Reserve & Surplus

1,309,407.65

551,046.26

137.62%

Borrowings

9,924,749.77

3,385,328.14

193.17%

Deposits

8,090,419.42

5,623,185.51

43.88%

Loans & Advances

20,458,237.66

10,662,426.65

91.87%

Net Interest Income

1,416,711.68

948,979.17

49.29%

Provision for possible Losses

761,769.21

233,036.50

-

Write Back of Provision

671,716.64

100,210.49

-

Net Profit

689,558.38

341,423.97

101.97%

Capital Adequacy (%)

9.72%

9.06%

-

NPL (%)

0.61%

0.29%

-

Cost of fund (%)

7.24%

8.93%

-

EPS (Rs.)

113.34

243.87

-

Net worth per share (Rs.)

315.22

493.60

-

Qtr end PE ratio (Times)

0.00

-

-

Qtr End Market Price

0

-

-