Home / Business / Deprosc Laghubitta Reports Slight Growth In Profitability Indicators In Q2; Look At The Major Highlights

Deprosc Laghubitta Reports Slight Growth In Profitability Indicators In Q2; Look At The Major Highlights

Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) published the second-quarter report of FY 2078/2079 with a slight growth in Net Profit by 3.23%. As per the report published by the company, the net profit stood at Rs. to Rs. 33.44 crore as compared to Rs. 32.40 crore in the corresponding quarter of the previous year.

The borrowings of the company increased by 10.43% to Rs. 7.54 Arba which was Rs. 6.82 Arba in the corresponding quarter of the previous year. The deposits of the company increased by 27.82%.  The company’s loans and advances also increased by 23.47% to 7.39 Arba in this quarter.

The net interest income (core revenue) has increased by 7.79% to Rs. 71.30 crores compared to Rs. 66.14 crore in the corresponding quarter of the previous year.

The paid-up capital of the company stood at Rs. 1.38 arba in this quarter and its reserve and surplus stood at Rs 1.36 arba which is an increase of 13.25% in this quarter.

The company’s non-performing loans stand at 0.59% till this quarter which was 0.62% in the corresponding quarter.

Its annualized earnings per share (EPS) stand at Rs. 48.21. The net worth per share is Rs. 198.2. The company traded at a P/E multiple of 27.67 times.

Click here for the Q2 report

Major Highlights:

Particulars Deprosc Laghubitta Bittiya Sanstha Limited
Q2, 2078/2079 Q2, 2077/2078 Difference
Paid-Up Capital 1,387,498.33 1,005,433.57 38.00%
Reserve & Surplus 1,362,495.49 1,203,053.79 13.25%
Borrowings 7,541,069.71 6,828,521.81 10.43%
Deposits 7,394,472.28 5,785,210.65 27.82%
Loans & Advances 17,091,069.90 13,842,499.87 23.47%
Net Interest Income 713,018.91 661,491.26 7.79%
Write Back of Provision 59,187.47 1,452,679.74
Net Profit 334,481.11 324,001.94 3.23%
Capital Adequacy (%) 14.36% 14.26%
NPL (%) 0.59% 0.62%
Cost of fund (%) 7.18% 6.58%
EPS (Rs.) 48.21 64.45
Net worth per share (Rs.) 198.20 219.66
Qtr end PE ratio (Times) 27.67
Qtr End Market Price 1334

Check Also

Residents of Kathmandu hold demonstration at Maitighar against KMC

A mass demonstration was held against the Kathmandu Metropolitan City (KMC) at Maitighar Mandala on ...