Upakar Laghubitta's Net Interest Income Increases by 15.49% to Rs. 3.55 Crore in Q1; Annualized EPS at Rs. 26.19 & NPL at 2.79%
Wed, Nov 9, 2022 11:55 AM on Latest, Financial Analysis, Stock Market,
Upakar Laghubitta Bittiya Sanstha Limited (ULBSL) has posted a net profit of Rs. 42.96 Lakh in the unaudited first-quarter report for the fiscal year 2079/80. The net profit increased by 3.89% in this quarter from Rs. 41.35 Lakhs in the relevant quarter of the previous year.
The net interest income (core revenue) has increased by 15.49% to Rs. 3.55 crore compared to Rs. 3.08 crore in the corresponding quarter of the previous year.
The company has collected deposits worth Rs.1.05 Arba while it has issued loans worth Rs. 2.18 arba till Q1. As of the end of the first quarter, the borrowings of the company stand at Rs.86.74 Crore, which is a decline of 3.80%.
As per the first-quarter report, the paid-up capital of the company stands at Rs.6.56 Crore with reserves of Rs.17.62 Crore. Earlier this year, the company’s 6,56,250 units of IPO shares got listed on Nepal Stock Exchange (NEPSE).
The company NPL decreased to 2.79% from 2.88%.
Its Annualized earnings per share (EPS) stand at Rs. 26.19. The net worth per share is Rs. 368.55. The company traded at a P/E multiple of 122.44 times.
Major Financial Highlights:
| Particulars (In Rs '000) | Upakar Laghubitta Bittiya Sanstha | ||
|---|---|---|---|
| Q1 2079/80 | Q1 2078/79 | Difference | |
| Paid Up Capital | 65,625 | 42,000 | 56.25% |
| Reserve & Surplus | 176,235 | 131,391 | 34.13% |
| Deposits | 1,057,092 | 834,172 | 26.72% |
| Borrowings | 867,486 | 901,785 | -3.80% |
| Loans & Advances | 2,189,967 | 1,905,291 | 14.94% |
| Net Interest Income | 35,573 | 30,803 | 15.49% |
| Provision for possible losses | 9,649 | 49,452 | -80.49% |
| Operating Profit | 5,663 | -34,374 | |
| Net Profit | 4,296 | 4,135 | 3.89% |
| Capital Adequacy (%) | 11.15 | 9.61 | 16.02% |
| NPL (%) | 2.79 | 2.88 | -3.13% |
| Annualized EPS (In Rs.) | 26.19 | 39.38 | -33.51% |
| Net Worth per Share (In Rs.) | 368.55 | 412.84 | -10.73% |
| PE Ratio (times) | 122.44 | - | - |
| Qtr End Market Price | 3206 | ||
