Jeevan Bikas Laghubitta Posts 15.57% Rise in Net Profit to Rs. 20.54 Crores, EPS at Rs. 30.49 as NPL Climbs to 4.56%
Tue, Feb 4, 2025 11:44 AM on Financial Analysis, Company Analysis, Latest,
Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) has recorded a 15.57% rise in net profit, reaching Rs. 20.54 crores in the second quarter of FY 2081/82. The company’s net interest income saw a notable surge of 28.04%, amounting to Rs. 94.81 crores, reflecting improved earnings from core operations. Similarly, its operating profit climbed 15.57% to Rs. 29.34 crores, further strengthening its profitability.
The microfinance institution witnessed a 19.55% increase in retained earnings, which stood at Rs. 72.64 crores, while its reserves expanded by 5.34% to Rs. 1.41 Arba. Deposits grew by 4.71%, reaching Rs. 9.99 Arba. However, loans and advances to customers slightly declined by 1.38%, totaling Rs. 25.51 Arba.
Personnel expenses rose 17.01% to Rs. 40.53 crores, and impairment charges increased 11.63% to Rs. 31.02 crores, indicating a rise in provisioning. Despite this, the company's annualized earnings per share (EPS) stood at Rs. 30.49, reflecting a 15.57% increase, while its net worth per share improved by 5.78% to Rs. 258.80.
On the risk front, the capital adequacy ratio dropped by 6.46% to 10.28%, and the non-performing loan (NPL) ratio surged by 54.58% to 4.56%, signaling a rise in loan defaults. Meanwhile, the cost of funds declined by 13.85% to 8.52%. Jeevan Bikas Laghubitta’s stock closed at Rs. 1,360, with a price-to-earnings (P/E) ratio of 44.60 times.
Major Highlights:
* Figure is of Immediate Fiscal Year Ending
| Particulars (In Rs '000) | Jeevan Bikas Laghubitta | ||
|---|---|---|---|
| Q2 2081/82 | Q2 2080/81 | Difference | |
| Paid Up Capital | 1,347,518.90 | 1,347,518.90* | 0.00% |
| Retained Earnings | 726,442.88 | 607,650.84* | 19.55% |
| Reserves | 1,413,380.76 | 1,341,691.70* | 5.34% |
| Deposits | 9,996,695.96 | 9,546,691.37* | 4.71% |
| Loans & Advances to Customers | 25,518,155.66 | 25,874,567.91* | -1.38% |
| Net Interest Income | 948,121.41 | 740,475.67 | 28.04% |
| Personnel Expenses | 405,372.09 | 346,439.84 | 17.01% |
| Impairment Charges | 310,262.54 | 277,937.67 | 11.63% |
| Operating Profit | 293,489.44 | 253,942.86 | 15.57% |
| Net Profit | 205,442.61 | 177,760.01 | 15.57% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 726,442.88 | ||
| Capital Adequacy (%) | 10.28 | 10.99 | -6.46% |
| NPL (%) | 4.56 | 2.95 | 54.58% |
| Cost of Fund (%) | 8.52 | 9.89 | -13.85% |
| Annualized EPS (In Rs.) | 30.49 | 26.38 | 15.57% |
| Net Worth per Share (In Rs.) | 258.80 | 244.66 | 5.78% |
| Qtr end PE Ratio (times) | 44.60 | - | - |
| Qtr End Market Price | 1360 | - | - |
