Chhimek Laghubitta Achieves Rs. 1 Arba Net Profit in Q4 of FY 2080/81, Distributable Profit Reaches Rs. 1.71 Arba
Wed, Aug 14, 2024 9:19 AM on Financial Analysis, Company Analysis, Latest,
Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) has announced a 5.74% decline in net profit for the fourth quarter of FY 2080/2081, with earnings of Rs. 1 Arba, down from Rs. 1.06 Arba in the corresponding quarter of the previous year.
The company experienced a slight reduction in core revenue, with net interest income falling by 1.14% to Rs. 2.82 Arba, compared to Rs. 2.85 Arba the previous year. Despite this, CBBL's loan and advance portfolio showed steady growth, increasing by 8.24% to Rs. 34.90 Arba. However, borrowings decreased by 5.54%, amounting to Rs. 4.3 Arba. The quarter also saw a rise in impairment charges, which totaled Rs. 41.14 crore.
Financially, CBBL maintains a strong position, with a paid-up capital of Rs. 2.97 Arba, retained earnings of Rs. 1.71 Arba, a share premium of Rs. 4.09 crores, and reserves and surplus of Rs. 2.68 Arba. The company’s annualized earnings per share (EPS) stands at Rs. 33.62, with a net worth per share of Rs. 249.15.
Major Financial Highlights:
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | Chhimek Laghubitta | ||
|---|---|---|---|
| Q4 2080/81 | Q4 2079/80 | Difference | |
| Paid Up Capital | 2,977,172.10 | 2,835,402.00* | 5.00% |
| Share Premium | 40,967.83 | 40,967.83* | 0.00% |
| Retained Earnings | 1,715,915.51 | 1,374,377.30* | 24.85% |
| Reserves | 2,683,588.83 | 2,496,119.57* | 7.51% |
| Borrowings | 4,301,709.27 | 4,553,898.52* | -5.54% |
| Deposits from Customer | 33,727,305.66 | 30,716,613.28* | 9.80% |
| Loans & Advances to MFIs & Cooperatives | 34,903,425.63 | 32,247,519.34* | 8.24% |
| Net Interest Income | 2,820,926.21 | 2,853,480.57 | -1.14% |
| Personnel Expenses | 1,077,353.29 | 1,002,722.72 | 7.44% |
| Impairment Charges | 411,423.56 | 340,000.77 | 21.01% |
| Operating Profit | 1,401,764.36 | 1,541,851.69 | -9.09% |
| Net Profit | 1,000,948.27 | 1,061,926.23 | -5.74% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 1,715,915.51 | 1,450,134.54 | 18.33% |
| Capital Adequacy (%) | 17.86 | 17.91 | -0.28% |
| NPL (%) | 3.00 | 1.72 | 74.42% |
| Cost of Fund (%) | 8.57 | 9.26 | -7.45% |
| EPS (In Rs.) | 33.62 | 37.45 | -10.23% |
| Net Worth per Share (In Rs.) | 249.15 | 237.95 | 4.71% |
| Qtr end PE Ratio (times) | 26.77 | - | - |
| Qtr End Market Price | 900 | - | - |
