Aarambha Chautari Laghubitta Reports 30 Percent Drop In Net Profit
January 25, 2022 | Investopaper
Aarambha Chautari Laghubitta Bittiya Sanstha Limited (ACLBSL) has reported a 30 percent drop in net profit until the second quarter of the current fiscal year 2078/79. The microfinance posted a net profit of Rs. 4.35 crores in the six months period, down from Rs. 6.24 crores in the corresponding period of the previous year.
The profit has plunged despite the increase in the net interest income by almost 42 percent. ACLBSL earned Rs 18.82 crores as the net interest income during this period. The decline is profit is mainly due to the increase in staff and other operating expenses of the company. Such expenses increased to Rs 16.14 crores from Rs 8.95 crores during the same period last year.
As of Poush’s end 2078 BS, Aarambha Chautari Laghubitta has a paid-up capital of Rs 30.69 crores. At this capital, the annualized Earnings Per Share (EPS) stood at Rs 28.37.
See the summarized version of the second-quarter report of the fiscal year 2078/79 in the table below:
Aarambha Chautari Laghubitta (ACLBSL): Financial Highlights, Q2, FY 2078/79
| Financial Indicators | Q2, F.Y. 2078/79 | Q2, F.Y. 2077/78 | Percent Change |
| Paid up capital (Rs.’crores’) | 30.69 | 26.34 | 16.51 |
| Reserve and Surplus (Rs.’crores’) | 19.1 | 13.2 | 44.70 |
| Borrowings (Rs.’Arba’) | 3.48 | 1.92 | 81.25 |
| Deposits (Rs.’Arba’) | 1.57 | 1.06 | 48.11 |
| Loans & Advances (Rs.’Arba’) | 5.46 | 3.28 | 66.46 |
| Net Interest Income (Rs.’crores’) | 18.82 | 13.26 | 41.93 |
| Operating Profit (Rs.’crores’) | 6.32 | 6.07 | 4.12 |
| Net Profit (Rs.’crores’) | 4.35 | 6.24 | -30.29 |
| Non Performing Loans, NPL(%) | 3.9 | 4.82 | -19.09 |
| Cost of Funds (%) | 8.96 | 9 | -0.44 |
| Earnings Per Share, EPS(Rs.) | 28.37 | ||
| Networth Per Share ( Rs.) | 162.25 | ||
| Market Price Per Share (Rs.) [Poush end, 2078 BS] | 1227 | ||
| P/E Ratio | 43.25 |
Source: Unaudited Q2 Report, FY 2078/79
Note:
The above figures are based on the un-audited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.
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