Deprosc Laghubitta's Net Profit More Than Doubles in Q2, Backed by Surge in Core Revenue
Mon, Feb 10, 2025 10:10 AM on Financial Analysis, Company Analysis, Latest,
Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) posted a net profit of Rs. 24.56 Crores in the second quarter (Q2) of fiscal year 2081/82, marking a 102.49% surge from Rs. 12.13 Crores in the same period last year.
The company’s net interest income grew by 68.98% to Rs. 99.46 Crores, while impairment charges saw a sharp 81.84% rise, reaching Rs. 23.37 Crores. Operating profit also climbed by 111.92% to Rs. 36.72 Crores.
Total customer deposits expanded by 6.67% to Rs. 10.24 Arba, while loans and advances to microfinance institutions (MFIs) and cooperatives increased by 4.61% to Rs. 24.23 Arba. The cost of funds declined from 9.66% in Q2 2080/81 to 8.11% this quarter, though the capital adequacy ratio fell to 12.40% from 14.03%.
On the market front, Deprosc Laghubitta’s annualized earnings per share (EPS) improved to Rs. 28.80 from Rs. 14.22, while its net worth per share rose by 7.45% to Rs. 204.22. The company’s stock closed at Rs. 785 per share, with a price-to-earnings (P/E) ratio of 27.26 times.
Major Highlights:
* Figure is of Immediate Fiscal Year Ending
| Particulars (In Rs '000) | Deprosc Laghubitta | ||
|---|---|---|---|
| Q2 2081/82 | Q2 2080/81 | Difference | |
| Paid Up Capital | 1,706,196.98 | 1,706,196.98* | 0.00% |
| Share Premium | 0.00 | 0.00 | - |
| Retained Earnings | 423,042.98 | 321,269.14* | 31.68% |
| Reserves | 1,355,227.12 | 1,215,402.17* | 11.50% |
| Borrowings | 11,467,732.25 | 11,467,947.27* | 0.00% |
| Deposits from Customers | 10,240,177.10 | 9,600,064.32* | 6.67% |
| Loans & Advances to Customers | 24,238,866.99 | 23,169,749.00* | 4.61% |
| Net Interest Income | 994,647.04 | 588,634.63 | 68.98% |
| Personnel Expenses | 377,796.07 | 306,701.46 | 23.18% |
| Impairment Charges | 233,779.90 | 128,561.01 | 81.84% |
| Operating Profit | 367,281.57 | 173,310.26 | 111.92% |
| Net Profit | 245,652.14 | 121,317.18 | 102.49% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 423,042.98 | 568,369.23 | -25.57% |
| Capital Adequacy (%) | 12.40 | 14.03 | -11.62% |
| NPL (%) | 6.09 | 10.41 | -41.50% |
| Cost of Fund (%) | 8.11 | 9.66 | -16.05% |
| Annualized EPS (In Rs.) | 28.80 | 14.22 | 102.49% |
| Net Worth per Share (In Rs.) | 204.22 | 190.06 | 7.45% |
| Qtr end PE Ratio (times) | 27.26 | - | - |
| Qtr End Market Price | 785 | - | - |
