DDBL Publicizes Q4 Report with Decline in Net Profits; Distributable Profit per Share at Rs. 16.10; NPL Rises to 4 Percent
Tue, Aug 15, 2023 11:50 AM on Financial Analysis, Latest,
Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) has published its fourth-quarter report for the recently concluded FY 2079-80, with a significant net profit decline of 32.77 percent. As of FY 2079-80, the microfinance company has made Rs. 37.19 crores contrary to earning Rs. 55.31 crores as of the previous FY 2078-79.
The company's Net Interest Income has declined by 9.28 percent, totaling Rs. 1.24 Arba as of FY 2079-80.
The company has Rs. 66.21 crores in distributable profits available for distribution amongst its shareholders as of Ashad 31, 2080, while its distributable profit per share is Rs. 16.10.
With a decline in the Net profits of the company, the Earnings per Share (EPS) of the Company (EPS) has declined as well to stand at Rs. 23.98, alongside a Net worth per Share of Rs. 217.87.
The Non-performing Loan (NPL) of the financial institution has risen sharply from 1.03 percent to 4 percent as of FY 2079-80. Meanwhile, the impairment allocation of the company has risen sharply until the same period, totaling Rs. 10.65 crores, which has negatively affected the profitability of the company.
DDBL maintains Rs. 1.55 Arba in paid-up capital along with a Reserve and Surplus of Rs. 1.82 Arba as of the last quarter of FY 2079-80.
Major Financial Highlights:
| Particulars (In Rs '000) | Deprosc Laghubitta | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 1,551,088.17 | 1,387,498.33 | 11.79% |
| Share Premium | - | - | - |
| Retained Earnings | 662,150.67 | 709,850.54 | -6.72% |
| Reserves | 1,166,177.28 | 1,039,816.65 | 12.15% |
| Deposits | 9,045,565.10 | 7,970,178.76 | 13.49% |
| Borrowings | 8,859,352.49 | 7,961,147.06 | 11.28% |
| Loans & Advances | 20,230,515.47 | 18,321,512.97 | 10.42% |
| Net Interest Income | 1,245,383.14 | 1,372,721.68 | -9.28% |
| Staff Expenses | 599,578.15 | 552,314.80 | 8.56% |
| Impairment Charges | 106,520.45 | 5,363.66 | - |
| Operating Profit | 531,328.59 | 796,562.63 | -33.30% |
| Net Profit/Loss | 371,930.01 | 553,183.11 | -32.77% |
| Distributable Profit | 662,150.67 | 709,850.54 | -6.72% |
| Distributable Profit per Share | 16.10 | 26.31 | -38.81% |
| Capital Adequacy (%) | 13.82 | 14.57 | -5.15% |
| NPL (%) | 4.00 | 1.03 | - |
| Cost of Fund (%) | 9.74 | 8.13 | 19.80% |
| Base Rate (%) | 14.20 | 12.25 | 15.92% |
| EPS (In Rs.) | 23.98 | 39.87 | -39.86% |
| Net Worth per Share (In Rs.) | 217.87 | 226.10 | -3.64% |
| Qtr end PE Ratio (times) | 34.45 | - | - |
| Qtr End Market Price | 826 | - | - |
