Aarambha Chautari Laghubitta Shows Recovery Despite Slight Decline in Core Revenue, Reports Rs. 1.77 Crores Net Profit in Q3 FY 2080/81
Tue, May 7, 2024 11:24 AM on Latest, Financial Analysis, Company Analysis,
Aarambha Chautari Laghubitta Bittiya Sanstha Limited (ACLBSL) has demonstrated remarkable financial strength during the third quarter of Fiscal Year 2080/81, showcasing a substantial surge in earnings amounting to Rs. 1.77 Crores. This marks a significant turnaround from the net loss of 56.91 lakhs reported during the corresponding quarter of the previous fiscal year.
Despite a marginal decline of 1.70% in core revenue, particularly net interest income, which decreased from Rs. 19.37 crores to Rs. 19.04 crores compared to the same quarter last year.
Deposits saw a minimal decrease of 0.38% to Rs. 1.47 Arba, while loans and advances experienced a fall of 1.70%, reaching Rs. 4.42 Arba during the third quarter. Meanwhile, borrowings saw an incline of 3.57% amounting to Rs. 2.9 Arba.
During Q3, ACLBSL reported reversal in impairment charges totaling Rs. 95.04 lakhs, marking a significant decline. This reduction in impairment charges substantially contributed to the increase in net profit for the company.
In terms of its financial position, ACLBSL reported a paid-up capital of Rs. 36.71 Crore, accompanied by other equity of Rs. 2.33 Crores and reserves and surplus standing at Rs. 17.73 Crores. However, retained earnings stood negative at Rs. 7.21 Crores The annualized earnings per share (EPS) stood at Rs. 6.44, with the net worth per share recorded at Rs. 135.02. Notably, ACLBSL traded at a P/E multiple of 118.47 times during the period.
Major Financial Highlights:
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | Aarambha Chautari Laghubitta | ||
|---|---|---|---|
| Q3 2080/81 | Q3 2079/80 | Difference | |
| Paid Up Capital | 367,143.41 | 367,143.41* | 0.00% |
| Other Equity | 23,370.22 | 23,370.22* | 0.00% |
| Retained Earnings | -72,129.31 | -48,465.24* | - |
| Reserves | 177,323.93 | 173,889.23* | 1.98% |
| Deposits | 1,476,140.39 | 1,481,769.21* | -0.38% |
| Loans & Advances to Customers | 4,422,724.85 | 4,510,347.33* | -1.94% |
| Borrowings | 2,909,859.96 | 2,809,448.72* | 3.57% |
| Net Interest Income | 190,469.34 | 193,762.86 | -1.70% |
| Personnel Expenses | 160,559.29 | 169,376.57 | -5.21% |
| Impairment Charges | -9,504.38 | 25,896.40 | - |
| Operating Profit | 25,334.50 | -5,691.43 | - |
| Net Profit | 17,734.15 | -5,691.43 | - |
| Distributable Profit | 19,930.32 | 0.00 | - |
| Capital Adequacy (%) | 8.26 | 8.72 | -5.28% |
| NPL (%) | 4.44 | 10.58 | -58.03% |
| Cost of Fund (%) | 9.37 | 10.27 | -8.76% |
| EPS (In Rs.) | 6.44 | -2.07 | -411.59% |
| Net Worth per Share (In Rs.) | 135.02 | 140.53 | -3.92% |
| Qtr end PE Ratio (times) | 118.47 | - | - |
| Qtr End Market Price | 763 | - | - |
