Civil Laghubitta Reports 64 Percent Drop In Net Profit [Q2 Report]
February 2, 2023 | Investopaper
Civil Laghubitta Bittiya Sanstha Limited (CLBSL) has published its second-quarterly report of the current fiscal year 2079/80. The unaudited report shows a sharp drop in its net profit by 64 percent as compared to last year’s corresponding quarter. The microfinance earned Rs 1.33 crores as net profit in the six months period. Last year, the company posted a net profit of Rs. 3.75 crores until the second quarter.
As of Poush’s end 2079 BS, Civil Laghubitta has a paid-up capital of Rs. 28.81 crores. Similarly, reserve & surplus is at Rs. 17 crores. The microfinance has floated loans and advances of Rs. 4.21 Arba. The company has reported a net interest income of Rs. 10.55 crores in this period which is almost 11 percent lower than previous year’s third quarter.
The nonperforming loan stands at 2.93 percent. Annualized EPS and networth per share are at Rs. 9.29 and Rs. 160.6. The base rate has sharply increased to 16.10 percent.
Civil Laghubitta (CLBSL): Q2 Report Summary, FY 2079/80
| Financial Indicators | Q2, F.Y. 2079/80 | Q4, F.Y. 2078/79 | Percent Change |
| Paid-up capital (Rs. ‘crores’) | 28.81 | 28.81 | 0 |
| Reserve and Surplus (Rs. ‘crores’) | 17 | 15.72 | 8.14 |
| Borrowings (Rs. ‘Arba’) | 2.71 | 2.51 | 7.97 |
| Deposits (Rs. ‘Arba’) | 1.07 | 0.97 | 10.31 |
| Loans & Advances (Rs. ‘Arba’) | 4.21 | 3.85 | 9.35 |
| Financial Indicators | Q2, F.Y. 2079/80 | Q2, F.Y. 2078/79 | Percent Change |
| Net Interest Income (Rs. ‘crores’) | 10.55 | 11.84 | -10.90 |
| Operating Profit (Rs. ‘crores’) | 1.91 | 5.36 | -64.37 |
| Net Profit (Rs. ‘crores’) | 1.33 | 3.75 | -64.53 |
| Distributable Profit (Rs. ‘crores’) | 0.67 | ||
| Non Performing Loans, NPL (%) | 2.93 | 1.33 | 120.30 |
| Base Rate (%) | 16.1 | 14.47 | 11.26 |
| Earnings Per Share, EPS (Rs.) | 9.29 | ||
| Networth Per Share ( Rs.) | 160.6 | ||
| Market Price Per Share (Rs.) [Poush end, 2079 BS] | 938 | ||
| P/E Ratio | 100.97 |
Source: Unaudited Q2 Report, FY 2079/80
Note:
The above figures are based on the unaudited 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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