Chhimek Laghubitta (CBBL) Unveils Q2 Report With 21.55% Fall in Net Profit; EPS Stands at Rs. 29.30
Wed, Feb 7, 2024 10:52 AM on Financial Analysis, Company Analysis, Latest,
Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) published the second-quarter report of FY 2080/2081 with a decrease in Net Profit by 21.55%. As per the report published by the company, the net profit fell to Rs. 43.62 crore as compared to Rs. 55.60 crore in the corresponding quarter of the previous year.
The borrowings of the company decreased by 22.81% to Rs. 3.51 Arba which was Rs. 4.55 Arba in the immediate previous year quarter ending. At the same time, deposits increased by 3.82% to Rs 31.88 Arba.
The company’s loans and advances have decreased marginally by 1.15% to Rs. 31.87 Arba till this quarter.
The net interest income (core revenue) has decreased by 3.59% to Rs. 1.38 Arba compared to Rs. 1.43 Arba in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 2.97 Arba till this quarter and its reserve stood at Rs. 2.58 Arba which is an increment of 3.57% in this quarter. Additionally, the company has Rs. 1.28 Arba in retained earnings, and Rs. 4.09 Crores in share premium.
The cost of funds decreased to 8.85% from 8.90% in the corresponding quarter and the non-performing loans increased to 2.92%.
Its annualized earnings per share (EPS) stand at Rs. 29.30. The net worth per share is Rs. 231.52. The company traded at a P/E multiple of 29.76 times.
Major Highlights:
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | Chhimek Laghubitta | ||
|---|---|---|---|
| Q2 2080/81 | Q2 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 | 1,289,322.70 | 1,374,377.30* | -6.19% |
| Reserves & Surplus | 2,585,327.26 | 2,496,119.57* | 3.57% |
| Borrowings | 3,515,047.87 | 4,553,898.52* | -22.81% |
| Deposits from Customers | 31,889,677.82 | 30,716,613.28* | 3.82% |
| Loans and Advances to Customers | 31,876,102.00 | 32,247,519.34* | -1.15% |
| Net Interest Income | 1,384,747.49 | 1,436,292.13 | -3.59% |
| Personnel Expenses | 561,683.13 | 536,254.86 | 4.74% |
| Impairment Charges | 240,836.63 | 202,987.72 | 18.65% |
| Operating Profit | 613,885.69 | 797,881.66 | -23.06% |
| Net Profit | 436,225.25 | 556,082.22 | -21.55% |
| Capital Adequacy (%) | 17.86 | 17.22 | 3.72% |
| NPL (%) | 2.92 | 0.94 | 210.64% |
| Cost of Fund (%) | 8.85 | 8.90 | -0.56% |
| EPS (In Rs.) | 29.30 | 39.22 | -25.29% |
| Net Worth per Share (In Rs.) | 231.52 | 237.95 | -2.70% |
| Qtr end PE Ratio (times) | 29.76 | - | - |
| Qtr End Market Price | 872.00 | - | - |
