Financial Status of Vijay, Civil and Asha Laghubitta in Q3

Apr 28, 2019 Merolagani

In the third quarter of the current FY, Vijay Laghubitta (VLBS), Civil Laghubitta (@CLBSL@) and Asha Laghubitta (@ALBSL@) have recorded impressive growth in their net profit.

Vijay Laghubitta

Vijay Laghubitta has earned a net profit of Rs 37 million in the third quarter of the current FY. The net profit increased by 140 percent compared to Rs 15.4 million of the corresponding period of the last FY.

During the period, the company raised its net profit to Rs 194.8 million by distributing 10 percent stock dividend. The company maintained reserve fund of Rs 60 million.

In the review period, the company collected deposit of Rs 505.2 million, borrowed Rs 1.83 billion and extended loan of Rs 2.47 billion. It earned a net interest income of Rs 110.8 million during the period.

The company has non-performing loan of Rs 2.54 percent, EPS of Rs 25.35, net worth per share of Rs 130.83 and P/E ratio of 25.29 times.

Asha Laghubitta

Asha Laghubitta earned a net profit of Rs 14.5 million in the third quarter of the current FY compared to Rs 4000 of the corresponding period of the last FY.

The company has paid-up capital of Rs 207.4 million and reserve fund of Rs 14.3 million. During the period, the company collected deposit of Rs 401.7 million, borrowed Rs 1.33 billion and extended loan of Rs 1.58 billion.

In the review period, the company earned a net interest income of Rs 78.1 million compared to Rs 36.3 million of the last FY.

The company maintained bad debt of 2.67 percent, EPS of Rs 9.36, net worth per share of Rs 106.90 and P/E ratio of 50.33 times.

Civil Laghubitta  

Likewise, Civil Laghubitta earned a net profit of Rs 11.6 million in the third quarter of the current FY compared to Rs 8.2 million of the corresponding period of the last FY.

The company with a paid-up capital of Rs 114.1 million has reserve fund of Rs 16.5 million.

In the review period, the company collected deposit of Rs 235.2 million, borrowed Rs 496.5 million and extended loan of Rs 876 million.

During the period, the company earned a net interest income of Rs 45.2 million. It maintained bad debt of 1.29 percent, EPS of Rs 13.59, net worth per share of Rs 114.46 and P/E ratio of 41.78 times. 

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