Aarambha Laghubitta posts profit in Q1; EPS at 21.50
November 7, 2019 | Investopaper
Aarambha Laghubitta has reported a profit in the first quarter of fiscal year 2076/77. In the corresponding period last year, the company was at a loss of Rs. 9 lakh. Up to the current quarter, microfinance has generated a net profit of Rs. 32 lakhs.
The growth in profit is due to the expansion of loans which led to the increase in net interest income by 72 percent. The company has floated a total loan of Rs. 58.81 crores which is 53 percent higher than the first quarter of the previous year.
Aarambha Laghubitta has also reduced the NPL from 2.88 percent to 1.21 percent. Likewise, the cost of fund has also declined slightly to 10.55 percent.
At the current capital of Rs. 6 crores, the Earnings Per Share (EPS) is 21.50. Similarly, the net-worth per share stands at Rs. 119.77.
The first-quarter report of Aarambha Laghubitta is summarized in the table below:
Aarambha Laghubitta First Quarter Report Summary, FY 2076/77
| HEADINGS | 1st QTR, 2076/77 | 1st QTR, 2075/76 | PERCENT CHANGE |
| PAID-UP CAPITAL (Rs. In crores) | 6 | 6 | 0.00 |
| RESERVE (Rs. In crores) | 1.19 | -0.45 | – |
| BORROWINGS (Rs. In crores) | 36.01 | 27.35 | 31.66 |
| DEPOSITS (Rs. In crores) | 17.31 | 11.89 | 45.58 |
| LOANS (Rs. In crores) | 58.81 | 38.52 | 52.67 |
| NET INTEREST INCOME (Rs. In crores) | 1.1 | 0.64 | 71.88 |
| PROFIT (Rs. In crores) | 0.32 | -0.09 | – |
| NON PERFORMING LOANS, NPL (%) | 1.21 | 2.88 | -57.99 |
| COST OF FUND (%) | 10.55 | 10.99 | -4.00 |
| EARNINGS PER SHARE, EPS (Rs.) | 21.50 | ||
| NETWORTH PER SHARE (Rs.) | 119.77 | ||
| MARKET PRICE PER SHARE (Rs.) [Ashwin 30, 2076] | 529 | ||
| P/E RATIO | 24.60 |
