Adarsha Laghubitta Overall Business Volume Declines for Q2; Reserve Fund Stands at Rs. 1.72 Crores & NPL at 2.29%
Wed, Feb 8, 2023 11:47 AM on Latest, Financial Analysis, Stock Market,
Adarsha Laghubitta Bittiya Sanstha Limited (ADLB) has reported a decline in net profit by 50.09% in the second quarter (Q2) of the current FY 2079/80. The profit decreased to Rs. 7.33 Lakhs in this quarter from Rs. 14.70 Lakhs in the corresponding quarter of the previous year.
Adarsha Laghubitta collected deposits worth Rs. 15.52 Crores which has increased by 19.23% in Q2. Whereas, the loans and advances have increased by 8.60% to Rs. 28.4 Crores. On the other hand, the borrowings have decreased by 6.65% to Rs. 10.72 Crores.
The net interest income (core business revenue) of the company has decreased by 4.50% to Rs. 90.43 Lakhs. The impairment charges (provision for losses) have increased by 5.81% and the staff expenses for this period has increased by 5.66%.
Its reserve fund stands at Rs. 1.72 Crores with share capital at Rs 2.07 Crores. The company distributed 20% bonus shares and 1.05% cash dividend (tax purposes) for the Fiscal year 2078/79. This was the first-ever dividend endorsed by the company. However, These bonus dividends are yet to be capitalized by the company.
Its annualized earnings per share stand at Rs. 7.09. The net worth per share at Rs 183.39 and the P/E ratio stood at 98.88 times.
Major Financial Highlights
| Particulars (In Rs '000) | Adarsha Laghubitta | ||
| Q2 2079/80 | Q2 2078/79 | Difference | |
| Paid Up Capital | 20,700.00 | 14,000.00 | 47.86% |
| Reserves & Surplus | 17,262.44 | 7,606.60 | 126.94% |
| Borrowings | 107,200.92 | 114,835.22 | -6.65% |
| Deposits from Customers | 155,275.77 | 130,229.25 | 19.23% |
| Loans and Advances to Customers | 284,021.39 | 261,528.19 | 8.60% |
| Net Interest Income | 9,043.12 | 9,469.18 | -4.50% |
| Staff Expenses | 7,362.53 | 6,967.91 | 5.66% |
| Impairment Charges | 1,441.41 | 1,362.25 | 5.81% |
| Operating Profit | 1,164.67 | 1,729.85 | -32.67% |
| Net Profit | 733.74 | 1,470.13 | -50.09% |
| Capital Adequacy (%) | 13.10 | 8.25 | 58.79% |
| NPL (%) | 2.29 | 1.56 | |
| Cost of Fund (%) | 10.05 | 8.94 | 12.42% |
| EPS (In Rs.) | 7.09 | 21.00 | -66.24% |
| Net Worth per Share (In Rs.) | 183.39 | 154.33 | 18.83% |
| Qtr end PE Ratio (times) | 98.88 | - | - |
| Qtr End Market Price | 701.00 | - | - |
