Swabalamban Laghubitta Reports Slight Downturn in Net Profit for Q3 2080/81, EPS at Rs. 10.91
Wed, Apr 24, 2024 10:57 AM on Financial Analysis, Company Analysis, Latest,
Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) has disclosed its third-quarter report for the fiscal year 2080/81, indicating a slight decrease in net profit. The company registered a net profit of Rs. 11.86 Crores, marking a 1.35% decline compared to the Rs. 12.02 crores recorded in the corresponding quarter of the previous year.
During the current quarter, the company's deposits remained steady at Rs. 13.71 Arba, while loans and advances saw a 4.85% increase, reaching Rs. 18.35 Arba.
However, the net interest income, which constitutes the core revenue, experienced a 2.27% drop, amounting to Rs. 1.02 Arba in the current quarter, compared to Rs. 1.04 Arba in the same quarter of the previous year.
Regarding its financial structure, SWBBL reported a paid-up capital of Rs. 1.45 Arba, with reserves at Rs. 1.6 Arba, a share premium of Rs. 8.68 lakhs, and retained earnings of Rs. 11.57 Crores.
The annualized earnings per share (EPS) stand at Rs. 10.91, with the net worth per share reported at Rs. 219. The Non-Performing Loans (NPL) witnessed a notable decrease of 16.18%, resulting in a ratio of 10.88%.
In summary, SWBBL's third-quarter report reflects a modest decline in net profit alongside fluctuations in core revenue, while also highlighting changes in its financial structure and improvements in NPL.
* Figure is of Immediate Fiscal Year Ending
| Particulars (In Rs '000) | Swabalamban Laghubitta | ||
|---|---|---|---|
| Q3 2080/81 | Q3 2079/80 | Difference | |
| Paid Up Capital | 1,450,000.00 | 1,290,495.50* | 12.36% |
| Share Premium | 868.76 | 868.76* | 0.00% |
| Retained Earnings | 115,718.97 | 582,838.11* | -80.15% |
| Reserves | 1,608,963.44 | 1,383,814.71* | 16.27% |
| Deposits | 13,712,989.82 | 12,805,772.00* | 7.08% |
| Loans & Advances to Customers | 19,181,054.77 | 18,293,558.22* | 4.85% |
| Net Interest Income | 1,022,763.64 | 1,046,535.13 | -2.27% |
| Personnel Expenses | 634,769.91 | 646,304.86 | -1.78% |
| Impairment Charges | 385,779.62 | 447,699.76 | -13.83% |
| Operating Profit | 169,074.44 | 171,911.65 | -1.65% |
| Net Profit | 118,620.87 | 120,244.79 | -1.35% |
| Capital Adequacy (%) | 10.96 | 9.94 | 10.26% |
| NPL (%) | 10.88 | 12.98 | -16.18% |
| Cost of Fund (%) | 8.62 | 9.01 | -4.33% |
| Annualized EPS (In Rs.) | 10.91 | 12.42 | -12.20% |
| Net Worth per Share (In Rs.) | 219.00 | 252.46 | -13.25% |
| Qtr end PE Ratio (times) | 71.05 | - | - |
| Qtr End Market Price | 775 | - | - |
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