by smallville Tue Nov 10, 2015 7:54 am
For the last 6 months;
Equity holders show a 495% increase with 312 million profits. EPS is Rs. 5.79.
On Assets side; - Loans and advances improved to 5.22 billion from 3,09 billlion. That's a 69% growth.
- Cash and bank balances improved to 387.7 million from 181.18 million. That's again 114% increase.
On Liabilities side;- Due to banks & other institutions increased to 4.74 billion from 2,563,278,338
billion. That's 85% increase.
Now NAV has improved to 22.25 from 16.47. This translate to 6 PBV where its really high for a financial institute.
However, we've seen this typical growth from COCR as well when the share price was around 15-20. Their PBV was over 3.0 and was a growing company.
- Customer Deposits improved to 629 million from 495 million. A 27% increase.
- Borrowings increased by 2.5% to 2.17 billion from 2.12 billion.
There are 53.86 million Ordinary Shares. Would get doubled by 2 days.
Micro business is tricky. Big companies have a difficulty in reaching rural areas as only daily collections would do the trick. Practically small players have the ability to carry out this "collection" task with area managers appointed.
Anyways, BLI's results are astonishing imo.. I hope the share price wont disappoint us
![Smile](https://2img.net/i/fa/i/smiles/icon_smile.gif)
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