Civil Laghubitta Reports Decline In Net Profit In Third Quarter of FY 079/80; NPL Hits 4.91%
Mon, May 8, 2023 2:30 PM on Financial Analysis, NEPSE News, Stock Market, Latest,
Civil Laghubitta Bittiya Sanstha Limited (CLBSL) published the third-quarter report of FY 2079/2090 with a decline in Net Profit by 87.59%. As per the report published by the company, the net profit shrunk to Rs. 65.55 lakhs as compared to Rs. 5.28 crores in the corresponding quarter of the previous year.
The borrowings of the company increased by 13.81 % to Rs. 2.85 Arba which was Rs. 2.51 Arba in the corresponding quarter of the previous year. At the same time, deposits increased by 8.47 % to Rs 1.06 Arba.
The company’s loans and advances have increased by 13.28% to 4.36 Arba till this quarter.
The net interest income (core revenue) has plummeted by 13.24 % to Rs. 15.3 Crores compared to Rs. 17.64 crores in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 31.98 crores till this quarter and its reserve and surplus stood at Rs. 8.31 crores which is an increment of 10.86 % in this quarter.
The cost of funds increased slightly to 11.46 % from 11.05 % in the corresponding quarter and the non-performing loans increased to 4.91%.
Its annualized earnings per share (EPS) stand at Rs. 2.73. The net worth per share is Rs. 140.92. The company traded at a P/E multiple of 28.69 times.
| Particulars (In Rs '000) | Civil Laghubitta | ||
|---|---|---|---|
| Q3 2079/80 | Q3 2078/79 | Difference | |
| Paid Up Capital | 319,818.13 | 288,124.44 | 11.00% |
| Share Premium | 45,543.05 | 45,543.05 | 0.00% |
| Retained Earnings | 2,201.65 | 36,815.17 | -94.02% |
| Reserves | 83,127.64 | 74,986.26 | 10.86% |
| Borrowings | 2,859,650.22 | 2,512,628.18 | 13.81% |
| Deposits | 1,060,653.13 | 977,839.02 | 8.47% |
| Loans & Advances | 4,368,305.81 | 3,856,211.51 | 13.28% |
| Net Interest Income | 153,047.10 | 176,407.37 | -13.24% |
| Personnel Expenses | 112,098.87 | 110,726.90 | 1.24% |
| Impairment Charges/Reversal for loans and Advances | 22,973.34 | 7,650.27 | 200.29% |
| Operating Profit | 9,364.79 | 75,454.78 | -87.59% |
| Net Profit | 6,555.35 | 52,818.35 | -87.59% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 2,201.65 | ||
| Capital Adequacy (%) | 9.66 | 10.42 | -7.29% |
| NPL (%) | 4.91 | 1.76 | |
| Cost of Fund (%) | 11.46 | 11.05 | 3.71% |
| EPS (In Rs.) | 2.73 | 36.66 | -92.55% |
| Net Worth per Share (In Rs.) | 140.92 | 154.61 | -8.85% |
| Qtr end PE Ratio (times) | 228.69 | - | - |
| Qtr End Market Price | 625 | - | - |
