Chhimek Laghubitta Posts Rs. 51.18 Crore Net Profit Rising by 17.33% in Q2, EPS Improves to Rs. 31.84
Sun, Feb 9, 2025 10:21 AM on Financial Analysis, Company Analysis, Latest,
Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) recorded a net profit of Rs. 51.18 crore in the second quarter (Q2) of the fiscal year 2081/82, reflecting a 17.33% increase from Rs. 43.62 crore in the same period last year.
Despite a 1.88% decline in net interest income to Rs. 1.35 arba, profitability was supported by a sharp 46.85% drop in impairment charges to Rs. 12.79 crore. Operating profit also saw a 17.57% rise, reaching Rs. 17.57 crore.
The company’s total customer deposits grew by 7.75% to Rs. 36.34 arba, while loans and advances to microfinance institutions (MFIs) and cooperatives increased by 7.05% to Rs. 37.82 arba. Additionally, the cost of funds decreased from 8.85% in Q2 2080/81 to 8.45% this quarter, reducing interest expenses.
However, retained earnings fell by 2.69% to Rs. 1.59 arba, and the capital adequacy ratio dipped to 16.96% from 17.86%.
In terms of market performance, Chhimek Laghubitta’s annualized earnings per share (EPS) improved to Rs. 31.84 from Rs. 29.30, though its net worth per share declined by 3.72% to Rs. 237.49. The company’s stock closed at Rs. 849 per share, with a price-to-earnings (P/E) ratio of 26.67 times.
Major Highlights:
* Figure is of Immediate Fiscal Year Ending
| Particulars (In Rs '000) | Chhimek Laghubitta | ||
|---|---|---|---|
| Q2 2081/82 | Q2 2080/81 | Difference | |
| Paid Up Capital | 3,215,345.87 | 2,977,172.10* | 8.00% |
| Share Premium | 40,967.83 | 40,967.83* | 0.00% |
| Retained Earnings | 1,598,710.51 | 1,642,829.18* | -2.69% |
| Reserves | 2,781,132.19 | 2,683,052.13* | 3.66% |
| Deposits from Customers | 36,342,421.62 | 33,727,305.66* | 7.75% |
| Loans and Advances to Customers | 37,821,256.75 | 35,330,915.99* | 7.05% |
| Net Interest Income | 1,358,725.29 | 1,384,747.49 | -1.88% |
| Personnel Expenses | 588,145.27 | 561,683.13 | 4.71% |
| Impairment Charges | 127,998.80 | 240,836.63 | -46.85% |
| Operating Profit | 721,738.27 | 613,885.69 | 17.57% |
| Net Profit | 511,838.99 | 436,225.25 | 17.33% |
| Capital Adequacy (%) | 16.96 | 17.86 | -5.04% |
| NPL (%) | 2.72 | 2.95 | -7.80% |
| Cost of Fund (%) | 8.45 | 8.85 | -4.52% |
| EPS (In Rs.) | 31.84 | 29.30 | 8.64% |
| Net Worth per Share (In Rs.) | 237.49 | 246.68 | -3.72% |
| Qtr end PE Ratio (times) | 26.67 | - | - |
| Qtr End Market Price | 849.00 | - | - |
