Increase in Impairment Charges Affects Profitability of Adarsha Laghubitta for Q1; Net Profit Declines by 47.80%; EPS at Rs. 6.76
Thu, Nov 10, 2022 11:25 AM on Latest, Financial Analysis, Stock Market,
Adarsha Laghubitta Bittiya Sanstha Limited (ADLB) has posted a net profit of Rs.3.49 Lakhs in the unaudited first quarter report for the fiscal year 79/80. The company has reported a decline in the profit margin of 47.80% for this quarter.
Likewise, the operating profit has also decreased to Rs. 5.54 Lakhs for the first quarter of FY 79/80. The company reported provisions for possible losses of Rs. 9.94 Lakhs, an incline of 25.79% because of which the net profit of the company has also been affected. Staff expenses for this period has also increased by 4.89%.
The company has collected deposits worth Rs.14.90 Crore while it has issued loans worth Rs.28.95 Crore till the month of Ashwin. As of the end of the first quarter, the borrowings of the company stands at Rs.11.52 Crore.
The microfinance company posted net interest income of Rs.47.30 lakh by the end of the first quarter of FY 79/80.
As per the first quarter report, the paid up capital of the company stands at Rs.2.07 Crore with reserves and surplus of Rs.1.27 Crores.
Major Financial Highlights
| Particulars (In Rs '000) | Adarsha Laghubitta Bittiya | ||
|---|---|---|---|
| Q1 2079/80 | Q1 2078/79 | Difference | |
| Paid Up Capital | 20,700.00 | 14,000.00 | 47.86% |
| Reserve & Surplus | 12,766.53 | 7,152.33 | 78.49% |
| Borrowings | 115,204.37 | 117,803.64 | -2.21% |
| Deposits | 149,077.50 | 122,642.04 | 21.55% |
| Loans & Advances | 289,585.23 | 257,527.16 | 12.45% |
| Net Interest Income | 4,730.11 | 4,761.22 | -0.65% |
| Staff Expenses | 3,964.59 | 3,779.84 | 4.89% |
| Provision for possible losses | 994.75 | 790.81 | 25.79% |
| Operating Profit | 554.94 | 1,052.40 | -47.27% |
| Net Profit | 349.61 | 669.71 | -47.80% |
| Capital Adequacy (%) | 11.49 | 8.13 | 41.33% |
| NPL (%) | 1.47 | 1.42 | - |
| Cost of Fund (%) | 9.35 | 6.81 | 37.30% |
| EPS (In Rs.) | 6.76 | 19.13 | -64.69% |
| Net Worth per Share (In Rs.) | 161.67 | 151.09 | 7.01% |
| Qtr end PE Ratio (times) | 47.17 | - | - |
| Qtr End Market Price | 318.7 | - | - |
