High provision and Increased staff expenses lead to slight decline in net profit of Swabhimaan Laghubitta by 10.98% in Q4
Thu, Aug 13, 2020 10:45 AM on Company Analysis, Latest,
Swabhimaan Laghubitta Bittiya Sanstha (SMFBS) has reported a slight decrease in its Net Profit by 10.98% in Q4, 2076/2077.
SMFBS has published an unaudited financial report for the fourth quarter today. It has stated that net profit has decreased to Rs. 2.21 crores in the fourth quarter of FY 2076/2077 from Rs. 2.48 crores reported in the corresponding quarter of the previous year.
Swabhimaan Laghubitta’s Net Interest Income increased by 36.64% in Q4, 2076/2077, and stood at Rs. 7.27 crores from Rs. 5.32 crores. However, due to the higher provision created by the company for the possible losses the profit shrunk slightly which has led the operating profit to decrease by 29% compared to the corresponding quarter of the previous year.
The company has a borrowing of Rs. 62.53 crores. Likewise, it has floated loans of Rs. 1 Arba which is an increase of 27.47% compared to the corresponding quarter of the previous year. The company has collected a deposit of Rs. 36.97 crores till the fourth quarter of the current fiscal year.
Its paid-up capital stands at Rs. 7.67 crores with a reserve and surplus of Rs. 2.80 crores. The reserve and surplus of the company increased by a whopping 329.99% in this quarter.
The earnings per share (EPS) stands at Rs. 28.85 and net worth per share stands at Rs. 136.59. The Qtr. end P/E ratio stood at 33.97 times.
Major Highlights:
|
Particulars ('000) |
Swabhimaan Laghubitta Bittiya Sanstha Ltd |
||
|---|---|---|---|
|
Q4, 2076/2077 |
Q4,2075/2076 |
Difference |
|
|
Paid-up Capital |
76,707.64 |
76,707.74 |
- |
|
Reserves & Surplus |
28,066.70 |
6,527.31 |
329.99% |
|
Deposits |
369,792.52 |
278,252.51 |
32.90% |
|
Borrowings |
625,382.55 |
476,028.50 |
31.38% |
|
Loans & Advances |
1,009,720.65 |
792,115.97 |
27.47% |
|
Net Interest Income |
72,751.47 |
53,243.69 |
36.64% |
|
Staff Expenses |
35,907.56 |
23,593.60 |
52.19% |
|
Provision for possible losses |
20,728.21 |
7,220.69 |
187.07% |
|
Operating Profit |
25,519.58 |
35,943.78 |
-29.00% |
|
Net Profit |
22,126.70 |
24,856.44 |
-10.98% |
|
Capital Adequacy Ratio (%) |
10.74% |
10.65% |
- |
|
NPL (%) |
0.95% |
0.60% |
- |
|
Cost of Fund (%) |
8.27% |
10.28% |
- |
|
EPS (Rs.) |
28.85 |
- |
- |
|
Net worth per share (Rs.) |
136.59 |
- |
|
|
Qtr End P/E ratio |
33.97 |
- |
- |
|
Qtr End Price |
980 |
- |
- |
