Deprosc Laghubitta Posts Rs 32.40 Crores Profit Due To Massive Writeback (Q2 Report)

February 10 ,2021 | Investopaper

Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) has earned Rs. 32.40 crores in net profit in the first six months of the current fiscal year 2077/78. The profit is 31 percent higher as compared to the corresponding period of the previous year. Last year, Deprosc Laghubitta had earned Rs. 24.69 crores in net profit until the second quarter.

The growth in the profit is due to massive write-back of provision for possible losses that amount to Rs 1.45 Arba. Similarly, the net interest income has grown by 21 percent to 66.14 crores. The microfinance has floated Rs 13.84 Arba as loans and advances.

As of Poush end 2077 BS, Deprosc Laghubitta has a paid-up capital of Rs. 100.54 crores. At this capital, the Annualized Earnings Per Share (EPS) is Rs. 64.45. Likewise, the per-share net worth is Rs. 219.66.


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The second-quarterly report of Deprosc Laghubitta is also summarized in the table below:

Deprosc Laghubitta Second-Quarterly Report Summary  FY 2077/78

Financial Indicators Q2, F.Y. 2077/78 Q2, F.Y. 2076/77 Percent Change
Paid-up capital(Rs.’crores’) 100.54 100.54 0.00
Reserve and Surplus(Rs.’ crores’) 120.3 80.89 48.72
Borrowings (Rs.’Arba’) 6.82 7.36 -7.34
Deposits(Rs.’Arba’) 5.78 4.57 26.48
Loans & Advances(Rs.’Arba’) 13.84 12.14 14.00
Net Interest Income (Rs.’ crores’) 66.14 54.29 21.83
Operating Profit (Rs. “crores’) -92.51 29.62 -412.32
Net Profit(Rs.’crores’) 32.4 24.69 31.23
Non Performing Loans, NPL(%) 0.62 1.73 -64.16
Cost of Funds (%) 6.58 9.88 -33.40
Earnings Per Share, EPS(Rs.) 64.45
Networth Per Share ( Rs.) 219.66
Market Price Per Share (Rs.) [Poush end, 2077] 1480
P/E Ratio 22.96

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.


Suggested Readings:

Dividend History Of Deprosc Laghubitta (DDBL)

Deprosc Laghubitta To Acquire Nadep Laghubitta

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