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.

Click here for the Q1 report

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 - -