Mithila Laghubitta Reports Decline in Business Volume in Q1; Net Interest Income Decreases by 30.64% and NPL Stands at 4.97%
Fri, Nov 11, 2022 11:50 AM on Latest, Financial Analysis, Stock Market,
Mithila Laghubitta Bittiya Sanstha Limited (MLBBL) has posted a net profit of Rs 42.63 lakhs and published its first-quarter company analysis of the fiscal year 2079/80. The net profit declined by 78.59% in this period, from Rs. 1.91 crores reported in the corresponding quarter of the previous year.
Mithila Laghubitta’s Net Interest Income – Core Business Revenue has also decreased by 30.64% in Q1, 2079/2080, and stood at Rs. 2.31 crores.
The operating expenses of the company i.e staff expenses has increased by 7.81% to stand at Rs. 1.67 Crores. Likewise, the provision for possible losses has also increased by 60.05% to Rs. 49.16 Lakhs.
The company has a borrowing of Rs. 1.26 Arba, which is an incline of 17.29%. Likewise, it has floated loans of Rs. 2.24 Arba which is an increase of 21.75% compared to the corresponding quarter of the previous year. The company has collected a deposit of Rs. 74.06 crores till the first quarter of the FY 2079/80.
Its paid-up capital stands at Rs. 17.04 crores with a reserve and surplus of Rs. 16.08 crores. The reserve and surplus of the company increased by 7.21% in this quarter.
The earnings per share (EPS) stands at Rs. 10.01 and net worth per share stands at Rs. 194.37. The Qtr. end P/E ratio stood 106.14 times.
Major Highlight
| Particulars (In Rs '000) | Mithila Laghubitta Bittiya Sanstha | ||
|---|---|---|---|
| Q1 2079/80 | Q1 2078/79 | Difference | |
| Paid Up Capital | 170,437.18 | 136,349.74 | 25.00% |
| Reserves and Surplus | 160,841.75 | 150,019.01 | 7.21% |
| Borrowings | 1,266,798.29 | 1,080,079.00 | 17.29% |
| Deposits | 740,611.64 | 543,984.85 | 36.15% |
| Loans & Advances | 2,246,876.97 | 1,845,416.73 | 21.75% |
| Net Interest Income | 23,127.44 | 33,343.06 | -30.64% |
| Staff Expenses | 16,706.71 | 15,496.51 | 7.81% |
| Provision for possible losses | 4,916.80 | 3,072.09 | 60.05% |
| Write Back | 1,304.00 | 7,571.51 | -82.78% |
| Net Profit | 4,263.41 | 19,911.51 | -78.59% |
| Capital Adequacy (%) | 13.27 | 14.47 | -8.29% |
| NPL (%) | 4.97 | 4.28 | 16.12% |
| Cost of Fund (%) | 15.51 | 9.83 | 57.78% |
| EPS (In Rs.) | 10.01 | 58.41 | -82.87% |
| Net Worth per Share (In Rs.) | 194.37 | 210.03 | -7.45% |
| Qtr end PE Ratio (times) | 106.14 | - | - |
| Qtr End Market Price | 1062 | - | - |
