Newly IPO Issued Company, Aatmanirbhar Laghubitta Reports Net Profit of Rs 4.46 Crores for Q3; Net Worth Per Share at Rs 436.88
Sun, Apr 30, 2023 1:01 PM on Latest, Financial Analysis, Stock Market,
Aatmanirbhar Laghubitta Bittiya Sanstha Limited (AATMA ) has reported a 27.64% decline in its net profit for Q3 of FY 2079/2080 compared to the corresponding quarter of the previous fiscal year.
AATMA has published an unaudited financial report for the third quarter today. It has stated that net profit has decreased to Rs. 4.46 crores in the third quarter of 2079/2080 from Rs. 6.1 crores reported in the corresponding quarter of the previous year.
Aatmanirbhar Laghubitta’s Net Interest Income decreased by 17.19% in Q3, 2079/2080, and stood at Rs. 9.2 crores. Due to the higher provision created by the company for the possible losses, the profit shrunk which caused the operating profit to decrease by 43.09% compared to the corresponding quarter of the previous year. The company reported an incline in impairment charges by 437.70%.
The company has a borrowing of Rs. 8.53 Arba. Likewise, it has floated loans of Rs. 1.27 Arba which is a decline of 11.38% compared to the corresponding quarter of the previous year. The company has collected a deposit of Rs. 83.94 Crores till the third quarter of 2079/2080.
Its paid-up capital stands at Rs. 6.23 crores with a reserve and surplus of Rs. 21 crores. The annualized earnings per share (EPS) stands at Rs. 95.41 and net worth per share stands at Rs. 436.88.
The company has a Non-performing loan of 7.71%.
Aatmanirbhar Laghubitta recently issued 1,69,755 units worth Rs 1.69 crore as Initial Public Offering (IPO) to the general public.
Major Highlights:
| Particulars (In Rs '000) | Aatmanirbhar Laghubitta | ||
| Q3 2079/80 | Q3 2078/79 | Difference | |
| Paid Up Capital | 62,338.00 | 42,000.00 | 48.42% |
| Reserves & Surplus | 210,006.01 | 175,614.00 | 19.58% |
| Borrowings | 85,303.02 | 198,613.00 | -57.05% |
| Deposits from Customers | 839,493.46 | 830,548.00 | 1.08% |
| Loans and Advances to Customers | 1,279,671.20 | 1,443,933.00 | -11.38% |
| Net Interest Income | 92,175.35 | 111,304.00 | -17.19% |
| Staff Expenses | 26,538.97 | 26,110.00 | 1.64% |
| Impairment Charges | 13,372.64 | 2,487.00 | 437.70% |
| Operating Profit | 55,174.51 | 96,945.00 | -43.09% |
| Net Profit | 44,605.92 | 61,641.00 | -27.64% |
| Capital Adequacy (%) | 19.11 | 14.59 | 30.98% |
| NPL (%) | 7.71 | 4.40 | |
| Cost of Fund (%) | 7.42 | 6.77 | 9.60% |
| Annualized EPS (In Rs.) | 95.41 | 195.69 | -51.24% |
| Net Worth per Share (In Rs.) | 436.88 | 518.13 | -15.68% |
