Aarambha Chautari Laghubitta Reports 39.46% Decline in Q2 Net Profit, Core Revenue and Operating Profit Also Down
Thu, Feb 1, 2024 1:35 PM on Latest, Financial Analysis, Company Analysis,
Aarambha Chautari Laghubitta Bittiya Sanstha Limited (ACLBSL) has released its second-quarter report for the fiscal year 2080/81, revealing a notable downturn in net profit. The company reported a net profit of Rs. 1.24 Crores, reflecting a 39.46% decrease from the Rs. 2.06 crores recorded in the corresponding quarter of the previous year.
Despite the decline in net profit, ACLBSL showcased resilience in certain financial aspects. Borrowings saw a marginal 4% decrease, settling at Rs. 2.92 Arba compared to Rs. 2.8 Arba in the corresponding quarter of the previous year. The company's deposits remained at Rs. 1.48 Arba, while loans and advances demonstrated a positive trend, increasing by 3.95% to reach Rs. 4.68 Arba in the current quarter.
However, the net interest income (core revenue) experienced a 12.2% decline, totaling Rs. 12.83 crore in the current quarter, as opposed to Rs. 14.61 crore in the corresponding quarter of the previous year.
In terms of financial structure, ACLBSL reported a paid-up capital of Rs. 36.71 crores, with reserves and surplus standing at Rs. 18.59 cores.
The annualized earnings per share (EPS) stand at Rs. 6.80, and the net worth per share is reported at Rs. 144.39. Notably, the company is trading at a P/E multiple of 88.32 times.
Major Financial Highlights:
* Figure is of Immediate Fiscal Year Ending
| Particulars (In Rs '000) | Aarambha Chautari Laghubitta | ||
|---|---|---|---|
| Q2 2080/81 | Q2 2079/80 | Difference | |
| Paid Up Capital | 367,143.41 | 367,143.41* | 0.00% |
| Other Components of Equity | 23,370.22 | 23,370.22* | 0.00% |
| Retained Earnings | -46,319.84 | -48,465.24* | - |
| Reserves & Surplus | 185,926.11 | 173,889.23* | 6.92% |
| Borrowings | 2,921,956.81 | 2,809,448.72* | 4.00% |
| Deposits from Customers | 1,481,453.18 | 1,481,769.21* | -0.02% |
| Loans and Advances to Customers | 4,688,701.57 | 4,510,347.33* | 3.95% |
| Net Interest Income | 128,351.87 | 146,188.12 | -12.20% |
| Personnel Expenses | 116,179.60 | 121,235.56 | -4.17% |
| Impairment Charges | -1,668.61 | 3,773.30 | -144.22% |
| Operating Profit | 17,845.62 | 29,476.62 | -39.46% |
| Net Profit | 12,491.94 | 20,633.64 | -39.46% |
| Capital Adequacy (%) | 8.44 | 9.07 | -6.95% |
| NPL (%) | 4.64 | 4.87 | -4.72% |
| Cost of Fund (%) | 9.93 | 10.71 | -7.28% |
| Annualized EPS (In Rs.) | 6.80 | 11.24 | -39.46% |
| Net Worth per Share (In Rs.) | 144.39 | 140.53 | 2.75% |
| Qtr end PE Ratio (times) | 88.32 | - | - |
| Qtr End Market Price | 601.00 | - | - |
