Aatmanirbhar Laghubitta Reports 71.26% Drop in Net Profit for Q4 FY 2080/81; NPL Surged to 13.22%
Wed, Jul 31, 2024 9:00 AM on Financial Analysis, Company Analysis, Latest,
Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) has released its fourth-quarter financial report for the fiscal year 2080/81, revealing a significant decline in net profit. The company recorded a net profit of Rs. 1.39 Crores, a sharp 71.26% decrease from the Rs. 4.86 Crores reported in the corresponding quarter of the previous fiscal year.
ANLB's deposits amounted to Rs. 86.15 Crores, while loans and advances saw a 13.30% increase, reaching Rs. 1.47 Arba. Despite this growth, the company's core revenue, represented by net interest income (NII), saw a modest increase of 3.57%, totaling Rs. 12.38 Crores compared to Rs. 11.95 Crores in the same quarter of the previous fiscal year.
A concerning development in the report is the dramatic rise in impairment charges, which surged by 218.36%, amounting to Rs. 17.64 Crores in the fourth quarter.
Regarding its financial structure, ANLB reported a paid-up capital of Rs. 6.95 Crores and reserves totaling Rs. 19.8 Crores. The annualized earnings per share (EPS) stand at Rs. 20.08, with the net worth per share reported at Rs. 385.68. Additionally, Non-Performing Loans (NPL) saw a significant increase of 74.41%, resulting in a ratio of 13.22%.
Major Highlights:
| Particulars (In Rs '000) | Aatmanirbhar Laghubitta | ||
|---|---|---|---|
| Q4 2080/81 | Q4 2079/80 | Difference | |
| Paid Up Capital | 69,571.80 | 62,338.00 | 11.60% |
| Reserve & Surplus | 198,750.54 | 212,577.23 | -6.50% |
| Deposits | 861,502.44 | 820,580.31 | 4.99% |
| Borrowings | 148,181.82 | 89,469.69 | 65.62% |
| Loans & Advances | 1,478,651.51 | 1,305,121.73 | 13.30% |
| Net Interest Income | 123,829.25 | 119,559.71 | 3.57% |
| Staff Expenses | 40,767.46 | 34,650.51 | 17.65% |
| Provision for possible losses | 176,451.19 | 55,425.15 | 218.36% |
| Operating Profit | -86,155.78 | 33,852.53 | -354.50% |
| Net Profit | 13,969.71 | 48,607.76 | -71.26% |
| EPS (In Rs.) | 20.08 | 77.97 | -74.25% |
| Net Worth per Share (In Rs.) | 385.68 | 441.01 | -12.55% |
| Capital Adequacy (%) | 16.44 | 18.63 | -11.76% |
| NPL (%) | 13.22 | 7.58 | 74.41% |
| Cost of Fund (%) | 7.70 | 7.18 | 7.24% |
