Chhimek Laghubitta Reports Fall in Profit by 27 Percent [Q3 Report]
May 10, 2024 | Investopaper
Chhimek Laghubitta Bittiya Sanstha Limited (CBBL), one of the leading microfinance of Nepal, has published the unaudited third-quarterly report of the current fiscal year 2080/81. The unaudited report shows a fall in profit as compared to the third quarter of the previous year.
As per the report, the microfinance has posted a net profit of Rs. 64.37 crores in the nine months period. The profit has plunged by almost 27 percent. Last year, the profit stood at Rs. 88.06 crores until the third quarter. Similarly, the operating profit has decreased by 27 percent to Rs. 90.41 crores.
As of Chaitra’s end 2080 BS, Chhimek Laghubitta has a paid-up capital of Rs. 297.71 crores and reserve and surplus of Rs 408.77 crores. The microfinance has floated the loans and advances of Rs. 33.90 Arba until the review period.
The fall in profit has resulted in the decline in Earnings per share (EPS) to Rs. 28.83. The per share net-worth is at Rs. 237.3.
The Non Performing Loans (NPL) stands at a 3.04 percent. Likewise, the base rate is at 12.72 percent.
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Dividend History Of Chhimek Laghubitta (CBBL)
Look into the table below to compare the performance of Chhimek Laghubitta in the 3rd quarter of two fiscal years.
Chhimek Laghubitta (CBBL): Q3 Report Summary, FY 2080/81
| Financial Indicators | Q3, F.Y. 2080/81 | Q4, F.Y. 2079/80 | Percent Change |
| Paid-up capital (Rs. ‘crores’) | 297.71 | 283.54 | 5.00 |
| Reserve and Surplus (Rs. ‘crores’) | 408.77 | 391.14 | 4.51 |
| Deposits From Customers (Rs. ‘Arba’) | 32.91 | 30.71 | 7.16 |
| Borrowings (Rs. ‘Arba’) | 3.78 | 4.55 | -16.92 |
| Loans & Advances (Rs. ‘Arba’) | 33.9 | 32.24 | 5.15 |
| Financial Indicators | Q3, F.Y. 2080/81 | Q3, F.Y. 2079/80 | Percent Change |
| Net Interest Income (Rs. ‘crores’) | 205.66 | 211.7 | -2.85 |
| Operating Profit (Rs. ‘crores’) | 90.41 | 124.48 | -27.37 |
| Net Profit (Rs. ‘crores’) | 64.37 | 88.06 | -26.90 |
| Distributable Profit (Rs. ‘crores’) | 145.12 | ||
| Non Performing Loans, NPL (%) | 3.04 | 1.19 | 155.46 |
| Base Rate (%) | 12.72 | 12.71 | 0.08 |
| Earnings Per Share, EPS (Rs.) | 28.83 | ||
| Networth Per Share ( Rs.) | 237.3 | ||
| Market Price Per Share (Rs.) [Poush end, 2080 BS] | 834.9 | ||
| P/E Ratio | 28.96 |
Source: Unaudited Q3 Report, FY 2080/81
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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