Increase in Interest Expenses Affects Profitability of Asha Laghubitta for Q1; Net Profit Decreases by 63.74%
Wed, Nov 9, 2022 12:30 PM on Latest, Financial Analysis, Stock Market,
Asha Laghubitta Bittiya Sanstha Limited (ALBSL) has published an unaudited financial report for the first quarter of FY 2079/80 today. As per reports, the net profit of the company has decreased by a 63.74% to Rs 1.86 crore from Rs 5.13 crore reported in the corresponding quarter of the previous fiscal year 2078/79.
Likewise, its net interest income has decreased by 38.45% to Rs 6.59 crore from Rs 10.70 crore in the corresponding quarter. Microfinance has reported Rs. 52.09 Lakh as an amount for the provision for possible for the first quarter of the fiscal year 2079/80.
As per the reports, the decline in net profit is also accumulated towards the fact that the company reported incline in interest expenses by 80.11%, to stand at Rs.11.77 Crores, which was Rs. 6.53 Crores in the relevant quarter of previous year.
The company extended loans of Rs 4.97 Arba till Q1 with 14.95% growth. It has collected deposits of Rs 1.79 Arba and borrowed Rs 2.73 Arba till the first quarter. It has a paid-up capital of Rs 33.3 crore with a huge incline in reserve and surplus to stand at Rs 30.93 crore.
The company earnings per share (EPS) stand at Rs 22.30 and non-performing loan (NPL) at 4.65%. The Net worth per share stands at Rs 192.66.
Major Financial Highlights
| Particulars (In Rs '000) | Asha Laghubitta Bittiya Sanstha | ||
|---|---|---|---|
| Q1 2079/80 | Q1 2078/79 | Difference | |
| Paid Up Capital | 333,914 | 333,914 | 0.00% |
| Retained Earnings | 204,261 | 11,069 | 1745.31% |
| Reserve & Surplus | 105,132 | 139,587 | -24.68% |
| Deposits | 1,794,009 | 1,407,493 | 27.46% |
| Borrowings | 2,735,147 | 2,506,395 | 9.13% |
| Loans & Advances | 4,977,453 | 4,330,028 | 14.95% |
| Interest Expenses | 117,727 | 65,362 | 80.11% |
| Net Interest Income | 65,915 | 107,083 | -38.45% |
| Provision for possible losses | 5,209 | 7,593 | -31.40% |
| Operating Profit | 26,590 | 73,225 | -63.69% |
| Net Profit | 18,614 | 51,340 | -63.74% |
| Capital Adequacy (%) | 11.78 | 10.14 | 16.17% |
| NPL (%) | 4.65 | 4.37 | 6.41% |
| Annualized EPS (In Rs.) | 22.30 | 61.50 | -63.74% |
| Net Worth per Share (In Rs.) | 192.66 | 145.12 | 32.76% |
| PE Ratio (times) | 40.90 | - | - |
| Qtr End Market Price | 912 | ||
