CYC Nepal Laghubitta Earns Rs. 77 Lakhs In 9 Months [Q3 Report]
May 10, 2023 | Investopaper
CYC Nepal Laghubitta Bittya Sanstha Limited (CYCL) has reported a 92 percent drop in net profit until the third quarter of the current fiscal year 2079/80 as compared to the same period of the previous fiscal year.
As per the unaudited third quarterly report, the net profit stood at Rs. 0.77 crores, down from Rs. 9.99 crores of the corresponding period of the previous year. However, the company’s net interest income grew by 11 percent to Rs 17.57 crores.
As of Chaitra’s end 2079 BS, CYC Nepal Laghubitta has a paid-up capital of Rs 26.64 crores with Rs. 30.91 crores in reserve and surplus.
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The summarized version of the third-quarterly (Q3) report is shown in the table below:
CYC Nepal Laghubitta (CYCL): Q3 Report Summary, FY 2079/80
| Financial Indicators | Q3, F.Y. 2079/80 | Q4, F.Y. 2078/79 | Percent Change |
| Paid-up capital (Rs. ‘crores’) | 26.64 | 12.16 | 119.08 |
| Reserve and Surplus (Rs. ‘crores’) | 30.91 | 28.6 | 8.08 |
| Borrowings (Rs. ‘Arba’) | 2.45 | 1.7 | 44.12 |
| Deposits (Rs. ‘Arba’) | 2.05 | 1.38 | 48.55 |
| Loans & Advances (Rs. ‘Arba’) | 5.22 | 3.44 | 51.74 |
| Financial Indicators | Q3, F.Y. 2079/80 | Q3, F.Y. 2078/79 | Percent Change |
| Net Interest Income (Rs. ‘crores’) | 17.57 | 15.77 | 11.41 |
| Operating Profit (Rs. ‘crores’) | 0.87 | 8.99 | -90.32 |
| Net Profit (Rs. ‘crores’) | 0.77 | 9.99 | -92.29 |
| Distributable Profit (Rs. ‘crores’) | 0.6 | ||
| Non Performing Loans, NPL (%) | 9.84 | 1.97 | 399.49 |
| Base Rate (%) | 15.53 | 13.56 | 14.53 |
| Earnings Per Share, EPS (Rs.) | 3.85 | ||
| Networth Per Share ( Rs.) | 216.03 | ||
| Market Price Per Share (Rs.) [Poush end, 2079 BS] | 1335 | ||
| P/E Ratio | 346.75 |
Source: Unaudited Q3 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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