Swadeshi Laghubitta Bittiya Sanstha Limited has reported 54.49 percent growth in net profit for the fourth quarter of the last fiscal year 2073/74.
Publishing the unaudited financial report for the fourth quarter today, the microfinance company has stated that its net profit rose to Rs 2.39 crore in Q4, up from Rs 1.55 crore reported in the corresponding quarter of the previous fiscal year 2072/73.
The development bank has collected deposits of Rs 34.11 crore in the 4
th quarter compared to Rs 12.83 crore in the corresponding quarter last year. Likewise, it extended loans of Rs 1.39 arba , up from Rs 73.59 crore. It has borrowings of Rs 1.02 arba.
Swadeshi Laghubitta net interest income has risen from Rs 6.74 crore in the corresponding quarter last year to Rs 1.91 crore in the fourth quarter of 2073/74.
Swadeshi Laghubitta has paid up capital of Rs 10 crore with reserve of Rs 2.85 crore.
The microfinance’s Non-Performing Loan (NPL) has inclined to 1.24% in the last fiscal year from nil in the corresponding quarter of FY 2072/73.
Its Earning per Share (EPS) has slightly increased to Rs 23.96 in Q4 from Rs 22.16 in corresponding quarter. Likewise, its net worth per share rises from Rs 106.51 in previous quarter to Rs 128.52 in Q4.
Swadeshi Laghubitta had floated its Initial Public Offering (IPO) of 3,00,000 unit shares worth Rs 3 crore on Chaitra 25, 2073. The microfinance company has listed 10,00,000 units ordinary shares in Nepal Stock Exchange on Shrawan 2, 2074
Major Highlights
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Difference(%) |
| Paid Up Capital |
100,000.00 |
70,000.00 |
42.86 |
| Reserve and Surplus |
28,520.46 |
4,557.28 |
525.82 |
| Borrowings |
1,022,506.99 |
726,394.21 |
40.76 |
| Loans and Advances |
1,393,367.33 |
735,945.03 |
89.33 |
| Net Interest Income |
117,530.13 |
67,485.21 |
74.16 |
| Provision |
37,133.09 |
13,631.07 |
172.42 |
| Write Back |
20,972.91 |
8,672.89 |
141.82 |
| Operating Profit |
16,684.46 |
10,605.28 |
57.32 |
| Net Profit |
23,963.17 |
15,511.58 |
54.49 |
| Capital Adequacy Ratio |
9.83 |
10.17 |
(3.34) |
| NPL |
1.24 |
- |
|
| Cost of Fund |
9.31 |
4.63 |
101.08 |
| EPS (Annualized) |
23.96 |
22.16 |
8.14 |
| PE Ratio |
- |
|
|
| Networth Per Share |
128.52 |
106.51 |
20.66 |
