November 15, 2022 | Investopaper
Laxmi Laghubitta Bittiya Sanstha Limited (LLBS) has posted a net loss of Rs. 41.14 lakhs in the first quarter of the fiscal year 2079/80. In the corresponding quarter of the last fiscal year, the company had earned a profit of Rs. 4.66 crores.
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The decline in profit is due to the fall in the net interest income of the microfinance and increment in the provision for possible loan losses.The company has earned Rs 10.82 crores as the net interest income in the 3 months period, down 20 percent from the same period of the previous year.
As of Ashwin’s end 2079 BS, Laxmi Laghubitta (LLBS) has a paid-up capital of Rs 38.4 crores with Rs 43.97 crores. The company has floated total loans of Rs. 7.43 Arba. The deposits and borrowing stood at Rs 2.53 Arba and Rs 4.43 Arba respectively.
The non-performing loans (NPL) has increased to 4.44 percent. Similarly, the base have risen to 15.56 percent.
The first-quarter report of Laxmi Laghubitta is summarized in the table below:
Laxmi Laghubitta (LLBS): Q1 Report Summary, FY 2079/80
|Financial Indicators||Q1, F.Y. 2079/80||Q4, F.Y. 2078/79||Percent Change|
|Paid-up capital (Rs. ‘crores’)||38.4||38.4||0.00|
|Reserve and Surplus (Rs. ‘crores’)||43.97||46.29||-5.01|
|Borrowings (Rs. ‘Arba’)||4.43||4.45||-0.45|
|Deposits (Rs. ‘Arba’)||2.53||2.55||-0.78|
|Loans & Advances (Rs. ‘Arba’)||7.43||7.72||-3.76|
|Financial Indicators||Q1, F.Y. 2079/80||Q1, F.Y. 2078/79||Percent Change|
|Net Interest Income (Rs. ‘crores’)||10.82||13.55||-20.15|
|Operating Profit (Rs. ‘crores’)||-0.41||6.66||–|
|Net Profit (Rs. ‘crores’)||-0.41||4.66||–|
|Distributable Profit (Rs. ‘crores’)||–|
|Non Performing Loans, NPL (%)||4.44||3.79||17.15|
|Base Rate (%)||15.56||11.84||31.42|
|Earnings Per Share, EPS (Rs.)||–|
|Networth Per Share ( Rs.)||214.51|
|Market Price Per Share (Rs.) [Ashwin end, 2079 BS]||1,155.00|
Source: Unaudited Q1 Report, FY 2079/80
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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