High provision leads to decline in operating profit by 48.97% of Swarojgar Laghubitta in Q4; Net Profit increased by meager 4.67%
Tue, Aug 18, 2020 10:40 AM on Latest, Company Analysis,
Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) has posted a Net Profit of Rs. 7.76 crores and published its fourth-quarter report company analysis of FY 2076/2077. The profit of the company has increased by a meager 4.67% compared to the corresponding quarter of the previous year.
As per the report, the company has earned Rs. 25.42 crore as Net interest income (core business income) which is an increase of 24.80% compared to the corresponding quarter of the previous year. The company shows a sharp decline in operating profit of 48.97% in this quarter due to higher provision.
As of Q4 2076/2077, SLBBL’s borrowings stood at Rs. 1.40 Arba. It has floated loans of Rs. 3.28 Arba which corresponding quarter of the previous year stood Rs. 2.97 Arba.
Its paid-up capital stood at Rs. 34.16 crores with net worth per share of Rs. 135.70. The company’s Reserve and surplus increased by 7.97% and stood at Rs. 12.19 crore.
The EPS of the company stands at Rs. 22.74 and Non-performing loan (NPL) increased to 1.83% in Q4, 2076/2077. Likewise, the company’s Capital Adequacy Ratio (CAR) stands at 13.83%. the company traded at a P/E multiple of 40.59 times.
Major Highlights
|
Particulars ('000) |
Swarojgar Laghubitta Bittiya Sanstha Ltd |
||
|---|---|---|---|
|
Q4, 2076/2077 |
Q4,2075/2076 |
Difference |
|
|
Paid-up Capital |
341,612.12 |
341,612.12 |
- |
|
Reserves & Surplus |
121,988.59 |
112,982.75 |
7.97% |
|
Deposits |
1,738,796.08 |
1,255,408.62 |
38.50% |
|
Borrowings |
1,407,206.40 |
1,427,960.32 |
-1.45% |
|
Loans & Advances |
3,289,149.71 |
2,970,469.43 |
10.73% |
|
Net Interest Income |
254,226.95 |
203,703.71 |
24.80% |
|
Staff Expenses |
117,469.75 |
92,961.97 |
26.36% |
|
Provision for possible losses |
107,188.84 |
24,935.05 |
329.87% |
|
Operating Profit |
50,708.96 |
99,372.10 |
-48.97% |
|
Net Profit |
77,689.88 |
74,222.85 |
4.67% |
|
Capital Adequacy Ratio (%) |
13.83% |
13.36% |
- |
|
NPL (%) |
1.83% |
0.88% |
- |
|
Cost of Fund (%) |
10.34% |
8.98% |
- |
|
EPS (Rs.) |
22.74 |
21.73 |
4.65% |
|
Net worth per share (Rs.) |
135.7 |
133.07 |
1.98% |
|
Qtr End P/E ratio |
40.59 |
- |
- |
|
Qtr End Price |
923 |
- |
- |
