Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) has reported remarkable growth in its first-quarter financial results for FY 2082/83, with net profit soaring by 197.44% to Rs. 20.22 crore, compared to Rs. 6.79 crore in the same quarter last year.
The strong performance was driven primarily by a combination of higher core revenues and improved credit quality:
- Net interest income rose 28.21% to Rs. 53.35 crore.
- Impairment charges fell sharply by 95.81%, reflecting better asset quality.
- Operating profit surged to Rs. 28.81 crore, up nearly 197% from Rs. 9.71 crore in Q1 FY 2081/82.
Other key highlights include:
- Retained earnings increased by 25.16% to Rs. 75.90 crore.
- Total reserves grew 5.50% to Rs. 150.55 crore.
- Customer deposits rose 3.42% to Rs. 11.39 Arba, while borrowings declined 5.44% to Rs. 11.04 Arba.
- Loans and advances edged up 0.71% to Rs. 25.50 Arba.
The company’s financial strength is also evident in its capital adequacy ratio, which improved to 14.07% from 13.01%, while the cost of funds declined to 7.10% from 8.34%. Non-performing loans slightly fell to 8.73% from 9.01%.
Per-share metrics were also impressive:
- Earnings per share (EPS): Rs. 43.29, up from Rs. 14.56.
- Net worth per share: Rs. 221.21.
- Quarter-end market price: Rs. 806, resulting in a P/E ratio of 18.62 times.
The company’s management credited the growth to robust net interest income, efficient cost management, and improved credit quality, signaling strong operational resilience and shareholder value creation.
Quarterly Financial Summary (Q1 FY 2082/83 vs Q1 FY 2081/82)
| Particulars | Q1 2082/83 | Q1 2081/82 | Change (%) |
|---|---|---|---|
| Paid-up Capital (Rs '000) | 1,868,285.70 | 1,868,285.70 | 0.00% |
| Retained Earnings (Rs '000) | 759,096.14 | 606,485.41 | 25.16% |
| Reserves (Rs '000) | 1,505,544.08 | 1,427,024.71 | 5.50% |
| Borrowings (Rs '000) | 11,047,632.83 | 11,683,369.69 | -5.44% |
| Deposits from Customers (Rs '000) | 11,392,733.43 | 11,016,434.19 | 3.42% |
| Loans & Advances (Rs '000) | 25,502,636.23 | 25,322,822.55 | 0.71% |
| Net Interest Income (Rs '000) | 533,543.99 | 416,132.69 | 28.21% |
| Personnel Expenses (Rs '000) | 217,202.51 | 178,449.19 | 21.72% |
| Impairment Charges (Rs '000) | 5,551.03 | 132,473.21 | -95.81% |
| Operating Profit (Rs '000) | 288,137.58 | 97,105.82 | 196.73% |
| Net Profit (Rs '000) | 202,215.58 | 67,984.47 | 197.44% |
| Capital Adequacy (%) | 14.07 | 13.01 | 8.15% |
| NPL (%) | 8.73 | 9.01 | -3.11% |
| Cost of Fund (%) | 7.10 | 8.34 | -14.87% |
| EPS (Rs) | 43.29 | 14.56 | 197.44% |
| Net Worth per Share (Rs) | 221.21 | 208.84 | 5.92% |
| Qtr End PE Ratio (times) | 18.62 | - | - |
| Quarter-end Price (Rs) | 806.00 | - | - |
This exceptional first-quarter performance positions DDBL strongly for the rest of FY 2082/83, reflecting resilience and strategic execution in a competitive microfinance sector.