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Swabalamban Laghubitta’s profit dips by 22.54% in Q4 due to rise in cost of fund & staff expenses; Chhimek Laghubitta reports outstanding progress

- ShareSansar, August 10, 2017  on Featured , Financial Analysis , Latest , Stock Market
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Swabalamban Laghubitta Bikas Bank Limited (SWBBL) has stated net profit decline of 22.54% in the fourth quarter (Q4) of last fiscal year 2073/74. The net profit of the company dropped to Rs 25.03 crore in Q4 up from Rs 32.32 crore in the corresponding quarter of the previous fiscal year 2072/73. The profit of the SWBBL decline mainlu due to rise in cost of fund and double staff expenses.

As per the unaudited financial report published today, the microfinance company has shown that its operating profit has also decreased to Rs 39.15 crore in Q4, up from Rs 50.94 crore in the corresponding quarter of the last fiscal year.

Its net interest income surged to Rs. 93.55 crore in Q4 up from Rs 87.35 crore in the corresponding quarter. The microfinance institution’s borrowing remains to be Rs 4.03 arba and has collected Rs 4.23 arba in deposits.

Likewise, it has extended loans and advances of Rs 8.05 arba in Q4 of FY 2073/74 whereas in the same period last year the figure stood at Rs. 6.29 arba.

SWBBL has a paid up capital of Rs 41.89 crore and has Rs 72.14 crore in reserve and surplus.  Its non- performing loan (NPL) has depreciated to 0.67% in the fourth quarter of the FY 2073/74 from 1.18 percent in corresponding quarter of last year.

Swabalamban Laghubitta’s earning per share (EPS) stands at Rs 59.76 in Q4. Its net worth per share stands at Rs 272.19 and P/E ratio is 30.27 times. The microfinance company had distributed 34% bonus share and 19.68% cash dividend to its shareholders from the profit it earned in the last fiscal year 2072/73.

Major Highlights:

Indicators (Rs in “000”) FY 2073/74 Q4 FY 2072/73 Q4 Growth (%)
Paid Up Capital                418,963                418,589                  0.09
Reserve and Surplus                721,425                471,085               53.14
Borrowings            4,030,861            3,161,291               27.51
Deposits            4,231,751            3,042,112               39.11
Loans and Advances            8,053,619            6,299,090               27.85
Net Interest Income                935,509                873,598                  7.09
Provision                  34,542                  15,793             118.72
Write Back                     2,306                        791             191.53
Operating Profit                391,586                509,426             (23.13)
Net Profit                250,370                323,240             (22.54)
Capital Adequacy Ratio (%)                     11.63                     11.12                  4.59
NPL (%)                       0.67                       1.18             (43.22)
Cost of Fund (%)                       7.06                       5.79               21.93
CD Ratio (as per NRB) )%)                  194.00                  207.00               (6.28)
EPS (Annualized)                     59.76                     77.22             (22.61)
Networth Per Share                  272.19                  212.54               28.07
P/E Ratio                     30.27 

 

 

Meanwhile, Chhimek Laghubitta Bikas Bank Limited (CBBL) has reported outstanding progress in the fourth quarter of the last fiscal year 73/74. The microfinance company has 21.95 percent rise in net profit in Q4.

As per the unaudited quarterly report for the fourth quarter published today, CBBL has net profit of Rs. 57.64 crore in the Q4 of fiscal year 2073/74, up from Rs. 47.26 crores in the corresponding quarter of fiscal year 2072/73.

CBBL’ earning per share (EPS) has decreased to Rs 69.11 in Q4 from Rs 79.34 in corresponding quarter. Chhimek Laghubitta had distributed 40% bonus share to its shareholders from the profit it had earned in the FY 2072/73.

Chhimek Laghubitta has a paid up capital of Rs 83.40 crores with reserve of Rs 95.46 crores in Q4 of the fiscal year 2073/74.

The microfinance’s net interest income stands at 1.24 arba in the fourth quarter compared to Rs 1.04 arba of the corresponding quarter of the previous fiscal year.

CBBL has borrowings of Rs. 3.93 arba and loans of Rs 3.78 arba in the fourth quarter of 2073/74 while its borrowings and loan was Rs 3.78 arba and Rs 9.68 arba respectively in the corresponding quarter of fiscal year 2072/73.

The microfinance company has an operating profit of Rs 88.97 crore in Q4 compared to Rs 72.72 crore in the corresponding quarter of the previous fiscal year.

Chhimek Laghubitta non-performing loan has decreased from 0.10% in the corresponding quarter of the previous fiscal year to 0.09% in the fourth quarter last fiscal year.

Its net worth per share stands at Rs.214.46 and P/E ratio is 22.07 percent.

Major Highlights:

Indicators (Rs in “000”) FY 2073/74 Q4 FY 2072/73 Q4 Growth (%)
Paid Up Capital                834,071                595,748               40.00
Reserve and Surplus                954,691                746,827               27.83
Borrowings            3,930,394            3,787,262                  3.78
Deposits            9,068,311            6,929,534               30.86
Loans and Advances          12,514,202            9,685,946               29.20
Net Interest Income            1,246,420            1,046,604               19.09
Provision                  61,448                  46,106               33.28
Write Back                     9,812                  22,642             (56.66)
Operating Profit                889,784                727,263               22.35
Net Profit                576,416                472,681               21.95
Capital Adequacy Ratio (%)                     14.28                     13.70                  4.23
NPL (%)                       0.09                       0.10             (10.00)
Cost of Fund (%)                       8.59                       7.52               14.23
CD Ratio (as per NRB) )%)                  121.73                  124.19               (1.98)
EPS (Annualized)                     69.11                     79.34             (12.90)
Networth Per Share                  214.46                  225.36               (4.84)
P/E Ratio                     22.07 

 

 

 

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