Decline in Net Interest Income and Higher Provision for Possible Losses Result Net Loss of Rs. 12.5 Crores for Grameen Bikas Laghubitta in Q2
Sun, Feb 5, 2023 12:00 PM on Latest, Financial Analysis, Stock Market,
Grameen Bikas Laghubitta Bittiya Sanstha Limited (GBLBS) published the second-quarter report of FY 2079/2080 with a net loss of 12.5 Crores. In the relevant quarter of the previous year, the company generated a net profit of Rs. 19 Crores.
The negative net profit is mainly due to the huge rise in provision for possible loss which has increased to Rs. 26.06 as against 9.1 Crores in the previous year’s Q2. The net interest income (core revenue) has decreased by 26.71% to Rs. 46.33 crores compared to Rs. 63.21 crores in the corresponding quarter of the previous year.
Similarly, the borrowings of the company decreased by 12.96% to Rs. 6.02 Arba which was Rs. 6.92 Arba in the corresponding quarter of the previous year. The deposits of the company decreased by 5.39% to Rs 3.71 arba. The company’s loans and advances also decreased by 0.78% to 12.84 Arba in this quarter.
The paid-up capital of the company stood at Rs. 98.25 crores in this quarter and its reserve and surplus stood at Rs. 1.27 Arba.
The company's non-performing loans stand at 8.91% till this quarter which was 4.71% in the corresponding quarter.
Its earnings per share (EPS) stands at Rs. -12.82. The net worth per share is Rs. 230.06.
Major Highlights:
| Particulars (In Rs '000) | Grameen Bikas Laghubitta | ||
| Q2 2079/80 | Q2 2078/79 | Difference | |
| Paid Up Capital | 982,500.00 | 982,500.00 | 0.00% |
| Reserves and Surplus | 1,277,809.00 | 1,277,925.00 | -0.01% |
| Borrowings | 6,026,537.00 | 6,923,551.00 | -12.96% |
| Deposits | 3,713,531.00 | 3,925,227.00 | -5.39% |
| Loans & Advances to Customers | 12,848,788.00 | 12,950,192.00 | -0.78% |
| Net Interest Income | 463,334.00 | 632,195.00 | -26.71% |
| Staff Expenses | 326,554.00 | 295,133.00 | 10.65% |
| Impairment Charges | 260,685.00 | 91,301.00 | 185.52% |
| Operating Profit | -125,991.00 | 298,612.00 | -142.19% |
| Net Profit | -125,991.00 | 190,026.00 | -166.30% |
| Capital Adequacy (%) | 10.82 | 11.41 | -5.17% |
| NPL (%) | 8.91 | 4.71 | 89.17% |
| Cost of Fund (%) | 9.55 | 7.70 | 24.03% |
| EPS (In Rs.) | -12.82 | ||
| Net Worth per Share (In Rs.) | 230.06 | 230.07 | -0.01% |
| Qtr End Market Price | 680 | - | - |
