Aatmanirbhar Laghubitta Unveils Q4 Report with Reduction in Net Profits as Core Business Declines while Bad Loans Spike
Mon, Aug 28, 2023 11:52 AM on Financial Analysis, Latest,
Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) has published its fourth-quarter report for the recently concluded financial year 2079-80 with a significant decline in its Net Profits by 41.20 percent, totaling only Rs. 4.86 crores as of the last quarter of the financial year.
The Non-performing Loan of the microfinance institution has spiked to 7.58 percent as of FY 2079-80, which has negatively affected the company's profitability.
The Net Interest Income--core revenue stream—has declined by 20.86 percent and amounts to only Rs. 11.95 crores as of FY 2079-80.
With a decline in the profitability of the company, the Earnings per Share (EPS) of the company has declined as well to stand at Rs. 77.97 only., alongside a Net worth per Share of Rs. 441.01.
ANLB maintains Rs. 6.23 crores in paid-up capital and has Rs 21.25 crores in the form of reserves and surplus as of FY 2079-80.
Earlier, Aatmanirbhar Laghubitta Bittiya Sanstha Limited had issued 1,69,755 units worth Rs 1.69 crore as Initial Public Offering (IPO) to the general public (from Falgun 11- 15, 2079).
Out of the total 203,380 units; 10% i.e. 20,388 units have been allotted to Nepalese citizens working abroad, whereas 1.5326% i.e 3,117 units have been set aside for the employees of the company, and 5% of the total offered shares i.e. 10,170 units have been set aside for the mutual funds. The remaining 1,69,755 units are for the general public.
Major Financial Highlights:
| Particulars (In Rs '000) | Aatmanirbhar Laghubitta | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 62,338.00 | 42,000.00 | 48.42% |
| Reserves & Surplus | 212,577.23 | 196,748.00 | 8.05% |
| Borrowings | 89,469.69 | 194,522.00 | -54.01% |
| Deposits from Customers | 820,580.31 | 837,494.00 | -2.02% |
| Loans and Advances to Customers | 1,305,121.73 | 1,419,066.00 | -8.03% |
| Interest Expenses ' | 63,066.22 | 78,298.00 | -19.45% |
| Net Interest Income | 119,559.71 | 151,066.00 | -20.86% |
| Write Back | 43,302.65 | 1,823.00 | 2275.35% |
| Net Profit | 48,607.76 | 82,670.00 | -41.20% |
| Capital Adequacy (%) | 18.63 | 15.58 | 19.58% |
| NPL (%) | 7.58 | 4.26 | 77.93% |
| Cost of Fund (%) | 7.18 | 6.55 | 9.62% |
| EPS (In Rs.) | 77.97 | 196.83 | -60.39% |
| Net Worth per Share (In Rs.) | 441.01 | 568.45 | -22.42% |
