Despite increase in revenue, higher provision led to huge decline in net profit of Samudayik laghubitta
Fri, Jan 29, 2021 9:33 AM on Latest, Company Analysis,
Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL) published the second-quarter report of FY 2077/2078 with a 66.23% decline in Net Profit. As per the report published by the company, the net profit declined to Rs. 45.93 lakhs as compared to Rs. 1.36 crores in the corresponding quarter of the previous year.
The borrowings of the company increased by 0.01% to Rs. 63.85 crores which was Rs. 63.84 crores in the corresponding quarter of the previous year. The company’s loans and advances have also increased by 18.54% to 1.21 Arba in this quarter.
The net interest income (core revenue) has increased by 27.47% to Rs. 5.33 crores compared to Rs. 4.18 crores in the corresponding quarter of the previous year.
The paid-up capital of the company increased to Rs. 13.20 crores in this quarter and its reserve and surplus stood at Rs. 5.40 Arba.
Its annualized earnings per share (EPS) stands at Rs. 6.96. The net worth per share is Rs. 140.92. The company traded at a P/E multiple of 148.43 times.
Major Highlights:
|
Particulars |
Smudayik Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q2, 2077/2078 |
Q2, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
132,000.00 |
100,000.00 |
32.00% |
|
Reserve & Surplus |
54,014.58 |
86,258.13 |
-37.38% |
|
Borrowings |
638,531.64 |
638,467.35 |
0.01% |
|
Deposits |
471,556.04 |
395,746.86 |
19.16% |
|
Loans & Advances |
1,219,882.54 |
1,029,081.74 |
18.54% |
|
Net Interest Income |
53,304.24 |
41,817.25 |
27.47% |
|
Provision for possible Losses |
36,160.49 |
5,044.98 |
- |
|
Write Back of Provision |
12,448.11 |
- |
- |
|
Net Profit |
4,593.13 |
13,600.53 |
-66.23% |
|
Capital Adequacy (%) |
11.66% |
13.29% |
- |
|
NPL (%) |
9.29% |
2.17% |
- |
|
Cost of fund (%) |
6.25% |
7.90% |
- |
|
EPS (Rs.) |
6.96 |
27.20 |
- |
|
Net worth per share (Rs.) |
140.92 |
186.26 |
- |
|
Qtr end PE ratio (Times) |
148.43 |
- |
- |
|
Qtr End Market Price |
1033 |
- |
- |
