Matribhumi Laghubitta Posts 587.62% Surge in Q4 Net Profit Following Merger, Reaches Rs. 7.98 Crore; EPS at Rs. 12.71
Tue, Aug 13, 2024 9:02 AM on Financial Analysis, Company Analysis, Latest,
Matribhumi Laghubitta Bittiya Sanstha Limited (MATRI) has reported a remarkable 587.62% surge in net profit for the fourth quarter of FY 2080/2081, reaching Rs. 7.98 crore, compared to Rs. 1.16 crore in the same quarter of the previous fiscal year.
MATRI, formed through the merger of Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA) and Kisan Laghubitta Bittiya Sanstha Limited (KLBSL), began its joint operations on Ashad 27, 2081. The newly merged entity was listed on the Nepal Stock Exchange (NEPSE) with 62,83,574 shares just yesterday.
The company recorded a 25.87% increase in core revenue, with net interest income rising to Rs. 30.99 crore, up from Rs. 24.62 crore in the previous year. MATRI's loan and advance portfolio grew by 69.11% to Rs. 11.51 Arba, while borrowings increased by 34.88%, reaching Rs. 6.75 Arba. The financial report also noted a reversal in impairment charges amounting to Rs. 4.20 crore for the quarter.
In terms of its financial standing, MATRI holds a paid-up capital of Rs. 62.83 crore, with retained earnings of Rs. 10.58 crore and reserves and surplus totaling Rs. 63.24 crore. The company’s annualized earnings per share (EPS) is recorded at Rs. 12.71, with a net worth per share of Rs. 217.51.
Major Highlights:
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | Matribhumi Laghubitta | ||
|---|---|---|---|
| Q4 2080/81 | Q4 2079/80 | Difference | |
| Paid Up Capital | 628,357.34 | 504,366.47* | 24.58% |
| Share Premium | 0.00 | 0.00 | - |
| Retained Earnings | 105,898.09 | 32,301.14* | 227.85% |
| Reserves | 632,453.64 | 130,425.26* | 384.92% |
| Borrowings | 6,750,780.07 | 5,005,097.48* | 34.88% |
| Deposits from Customer | 3,969,204.14 | 1,315,724.89* | 201.67% |
| Loans & Advances to MFIs & Cooperatives | 11,513,253.77 | 6,808,108.37* | 69.11% |
| Net Interest Income | 309,934.53 | 246,236.23 | 25.87% |
| Personnel Expenses | 234,661.69 | 214,519.56 | 9.39% |
| Impairment Charges | -42,043.84 | 28,935.40 | -245.30% |
| Operating Profit | 114,689.00 | 2,992.40 | 3732.67% |
| Net Profit | 79,847.22 | 11,612.15 | 587.62% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 105,898.09 | 0.00 | - |
| Capital Adequacy (%) | 8.93 | 9.40 | -5.00% |
| NPL (%) | 9.85 | 5.96 | 65.27% |
| Cost of Fund (%) | 11.12 | 12.16 | -8.55% |
| EPS (In Rs.) | 12.71 | 2.30 | 451.93% |
| Net Worth per Share (In Rs.) | 217.51 | 132.26 | 64.45% |
