Increase in Deprosc Laghubitta's Net Profit: Decline in Net Fee and Commission Income

Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) has published its unaudited financial report for the second quarter of the fiscal year 2081/82. The report highlights significant growth in profit and other financial indicators.

Net Profit:

• The company posted a net profit of Rs. 245.6 million in the second quarter of the current fiscal year.

• This is a 102.49% increase compared to the same period last year, where the net profit stood at Rs. 121.3 million.

Net Interest Income:

• Net interest income grew by 68.98%, reaching Rs. 994.6 million this year.

• However, net fee and commission income declined by 23.14%, amounting to Rs. 93 million.

Operating Income and Profit:

• Total operating income increased by 53.26%, reaching Rs. 1.08 billion.

• Operating profit surged by 111.92%, totaling Rs. 367.2 million.

Distributable Profit:

• The distributable profit of the company stands at Rs. 423 million.

• Distributable earnings per share (EPS) are reported at Rs. 49.59.

Earnings Per Share (EPS):

• EPS increased by Rs. 13.16 compared to the same period last year.

• The current EPS is Rs. 28.80.

Net Worth Per Share:

• Net worth per share is reported at Rs. 204.22.

• The Price-to-Earnings (P/E) ratio stands at 27.26 times.

Reserves:

• The reserve fund has grown to Rs. 1.77 billion.

Deposits and Loans:

• Deposits stand at Rs. 21.70 billion, while loans disbursed amount to Rs. 24.23 billion, representing a 4.61% increase compared to the previous year.

Other Indicators:

• Non-performing loans (NPL) are at 6.09%.

• The cost of funds is 8.11%.

• The base rate is 12.54%.

Deprosc Laghubitta has demonstrated impressive financial progress this quarter. Significant growth in net interest income and operating profit highlights the institution's strong financial performance. Additionally, the rise in EPS and distributable profit reflects promising returns for shareholders.