Chhimek Laghubitta Core Business Revenue Rises By 28.13% in Q2; EPS At Rs 47.85 & Net Worth Per Share At Rs 273.70
Fri, Feb 10, 2023 8:55 AM on Financial Analysis, Stock Market, Latest,
Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) published the second-quarter report of FY 2079/2080 with a rise in Net Profit by 11.56%. As per the report published by the micro finance company, the net profit increased to Rs. 55.60 Crores as compared to Rs. 49.84 crore in the corresponding quarter of the previous year.
The borrowings of the company decreased by 2.69% to Rs. 4.64 Arba which was Rs. 4.77 Arba in the corresponding quarter of the previous year. The deposits of the company increased by 9.41% to Rs 29.56 Arba. The company’s loans and advances have also increased by mere 1.39% to 33.53 Arba in this quarter.
The net interest income (core revenue) has increased by 28.13% to Rs. 1.43 Arba compared to Rs. 1.12 Arba in the corresponding quarter of the previous year. The impairment charges for this period has also increased by 88.27% for this period.
The paid-up capital of the company stood at Rs. 2.32 Arba in this quarter and its reserve and surplus stood at Rs. 4.03 Arba. The company has proposed 22% bonus shares worth Rs 51.13 crores and 3.26 % cash dividend (including tax) worth Rs 7.57 crore for the Fiscal Year 2078/79. These bonus dividends are yet to be capitalized by the company.
Its annualized earnings per share (EPS) stand at Rs. 47.85. The net worth per share is Rs. 273.70. The company traded at a P/E multiple of 25.72 times.
Major Highlights:
| Particulars (In Rs '000) | Chhimek Laghubitta | ||
| Q2 2079/80 | Q2 2078/79 | Difference | |
| Paid Up Capital | 2,324,100.00 | 2,324,100.00 | 0.00% |
| Share Premium | 40,967.83 | 40,967.83 | 0.00% |
| Retained Earnings | 1,708,355.21 | 1,206,401.95 | 41.61% |
| Reserves | 2,287,641.06 | 2,242,138.43 | 2.03% |
| Borrowings | 4,644,870.28 | 4,773,126.74 | -2.69% |
| Deposits | 29,562,164.95 | 27,019,461.56 | 9.41% |
| Loans & Advances | 33,533,834.54 | 33,074,020.59 | 1.39% |
| Net Interest Income | 1,436,292.13 | 1,120,967.06 | 28.13% |
| Personnel Expenses | 536,254.86 | 481,005.64 | 11.49% |
| Impairment Charges/Reversal for loans and Advances | 202,987.72 | 107,816.35 | 88.27% |
| Operating Profit | 797,881.66 | 711,955.65 | 12.07% |
| Net Profit | 556,082.22 | 498,442.35 | 11.56% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 433,744.13 | ||
| Capital Adequacy (%) | 17.22 | 15.76 | 9.26% |
| NPL (%) | 0.94 | 1.00 | |
| Cost of Fund (%) | 8.90 | 7.98 | 11.53% |
| EPS (In Rs.) | 47.85 | 42.89 | 11.56% |
| Net Worth per Share (In Rs.) | 273.70 | 250.14 | 9.42% |
| Qtr end PE Ratio (times) | 25.72 | - | - |
| Qtr End Market Price | 1231 | - | - |
