Swabalamwan Bikas Bank Limited (SWBBL) has posted slight growth in net profit by 9.92 % to Rs 7.73 crore in the first quarter (Q1) of fiscal year 2074/75.
Publishing the unaudited financial report for the first quarter today, the microfinance institution has stated that its operating profit has also increase to Rs 12.14 crore in Q1 from Rs 11.04 crore in the corresponding quarter of the last fiscal year.
The micro finance institution’s borrowing remains to be Rs 3.92 arba and has collected Rs 4.60 arba in deposits.
Likewise, it has extended loans and advances of Rs 8.24 arba in Q1 of FY 2074/75 whereas in the same period last year the figure stood at Rs. 6.83 arba.
It has a paid up capital of Rs 41.89 crore and has Rs 80.35 crore in reserve and surplus. It had announced 20 % bonus and 11.57% cash dividend from the net profit of FY 2073/74. After bonus, its paid up capital will reach to Rs 50.27 crore.
Its non- performing loan (NPL) increased to 0.88 % in Q1 from 0.87 % in the first quarter of the last fiscal year.
Its earning per share (EPS) has decreased to Rs 73.81 in Q1 from Rs 90.06 previous year. Its net worth per share stands at Rs 291.79 and P/E ratio at 22.14 times.
Major Highlights:
| Particulars (In Rs '000) |
SWBBL |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
418,963 |
312,380 |
34.12% |
| Reserve & Surplus |
803,545 |
747,538 |
7.49% |
| Deposits |
4,604,803 |
3,286,337 |
40.12% |
| Borrowings |
3,928,704 |
3,151,717 |
24.65% |
| Loans & Advances |
8,249,225 |
6,835,880 |
20.68% |
| Net Interest Income |
215,932 |
229,631 |
-5.97% |
| Provision for possible losses |
8,162 |
2,253 |
262.27% |
| Operating Profit |
121,447 |
110,444 |
9.96% |
| Net Profit |
77,307 |
70,330 |
9.92% |
| NPL (%) |
0.88 |
0.87 |
1.15% |
| Annualized EPS (In Rs.) |
73.81 |
90.06 |
-18.04% |
| Net Worth per Share (In Rs.) |
291.79 |
339.30 |
-14.00% |
| P/E Ratio (In times) |
22.14 |
- |
- |
