Deprosc Laghubitta (DDBL) Publishes Third Quarter Report for FY 2079/80; Reports 36.35 % Decline in Net Profit
Tue, May 9, 2023 12:08 PM on Latest, NEPSE News,
Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) published the third-quarter report of FY 2079/2080 with a 36.35% decline in Net Profit. As per the report published by the company, the net profit declined to Rs. 27.75 crore as compared to Rs. 43.61 crore in the corresponding quarter of the previous year.
The borrowings of the company increased by slightly by 2.74 % to Rs. 8.17 Arba which was Rs. 7.96 Arba in the corresponding quarter of the previous year. The deposits of the company increased almost by 10 %. The company’s loans and advances to increased marginally by 3.22% to Rs 18.91 Arba in this quarter.
The net interest income (core revenue) has decreased by a 7.85 % to Rs. 94.09 crores compared to Rs. 1.02 Arba in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 1.52 Arba in this quarter and its reserve stood at Rs 1.15 Arba which is an increase of 10.91 % in this quarter.
The company's non-performing loans stand at 4.49 % till this quarter which was 0.59% in the corresponding quarter.
Its annualized earnings per share (EPS) stand at Rs. 24.25. The net worth per share is Rs. 213.58. The company traded at a P/E multiple of 28.25 times.
Major Highlights:
|
Particulars (In Rs '000) |
Deprosc Laghubitta |
|
|
|
|
Q3 2079/80 |
Q3 2078/79 |
Difference |
|
Paid Up Capital |
1,526,248.17 |
1,387,498.33 |
10.00% |
|
Reserves |
1,153,274.54 |
1,039,816.65 |
10.91% |
|
Retained Earnings |
580,257.11 |
709,850.54 |
-18.26% |
|
Borrowings |
8,179,034.62 |
7,961,147.06 |
2.74% |
|
Deposits |
8,759,740.26 |
7,970,178.76 |
9.91% |
|
Loans & Advances |
18,911,587.85 |
18,321,512.97 |
3.22% |
|
Net Interest Income |
940,957.11 |
1,021,101.42 |
-7.85% |
|
Personnel Expenses |
-459,543.34 |
-451,036.79 |
|
|
Impairment Charges |
94,995.35 |
|
|
|
Write back |
|
22,909.15 |
|
|
Operating Profit |
396,546.66 |
623,071.41 |
-36.36% |
|
Net Profit |
277,582.67 |
436,133.71 |
-36.35% |
|
Capital Adequacy (%) |
14.05 |
14.55 |
-3.44% |
|
NPL (%) |
4.49 |
0.59 |
661.02% |
|
Cost of Fund (%) |
9.65 |
7.59 |
27.14% |
|
EPS (In Rs.) |
24.25 |
41.91 |
-42.14% |
|
Net Worth per Share (In Rs.) |
213.58 |
226.10 |
-5.54% |
|
PE ratio (times) |
28.25 |
|
|
|
Qtr End Market Price |
685 |
- |
- |
