Chautari Laghubitta shows impressive growth in the first quarter; Profit more than triples

October 24, 2019 | Investopaper

Chautari Laghubitta has presented a strong performance in the first quarter of the fiscal year 2076/77. In the process of merger with Aarambha Laghubitta, the net profit of Chautari has surged by 235 percent. The microfinance company’s profit stood at Rs. 1.24 crores at the end of the first quarter.

With the rise in borrowing & deposits by 72 percent and 95 percent respectively, Chautari Laghubitta floated loans of Rs. 165.15 crores. This is the growth of 80 percent from the first quarter of the previous fiscal year. The net interest income has almost doubled to Rs. 3.58 crores.

At the current capital of Rs. 19.90 crores, the annualized Earning Per Share (EPS) is Rs. 26.41. Likewise, the net worth per share is Rs. 105.15.

Both the NPL and cost of fund has increased to 0.60 percent and 10.42 percent respectively. NPL is still at a decent level while the cost of fund is relatively high.

Chautari Laghubitta First Quarter Report, 2076/77

HEADINGS	1st QTR, 2076/77	1st QTR, 2075/76	PERCENT CHANGE
PAID-UP CAPITAL (Rs. In crores)	19.9	12.6	57.94
RESERVE (Rs. In crores)	2.26	1.87	20.86
BORROWINGS (Rs. In crores)	94.08	54.66	72.12
DEPOSITS (Rs. In crores)	53.11	27.25	94.90
LOANS (Rs. In crores)	165.15	91.53	80.43
NET INTEREST INCOME (Rs. In crores)	3.58	1.8	98.89
PROFIT (Rs. In crores)	1.24	0.37	235.14
NON PERFORMING LOANS, NPL (%)	0.6	0.43	39.53
COST OF FUND (%)	10.42	9.45	10.26
EARNINGS PER SHARE, EPS (Rs.)	26.41
NETWORTH PER SHARE (Rs.)	105.15
MARKET PRICE PER SHARE (Rs.) [Ashwin 30, 2076]	464
P/E RATIO	17.57