EPS of Swarojgar Laghubitta falls to Rs 14.94 in Q1; Net profit rises by 31.98%

Mon, Nov 5, 2018 9:14 AM on Financial Analysis, Latest, Stock Market,

Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) has posted rise in net profit of 31.98 percent for first quarter (Q1) in the FY 2075/76.

According to the published unaudited financial reports, the microfinance company showed an increase in its net profit from Rs 75.95 lakh in Q1 of the previous FY 74/75 to Rs 1 crore in Q1 of the FY 2075/76.

The company has collected deposits of Rs 87.28 crore and floated loans of Rs 2.29 arba in the Q1 of the FY 2075/76 whereas its borrowing has amounted to Rs 1.31 arba.

SLBBL's net interest income has risen by 57.78% to Rs 4.25 crore and the operating profit has also increased by 20.83% to Rs 1.44 crore.

Its provision for possible losses has increased by 101.85% amounting Rs 38.04 lakh and NPL has reached 0.51% in the fourth first quarter of the FY 2075/76 from 0.19% reported in the corresponding quarter of the previous FY.

SLBBL has paid up capital of Rs 26.83 crore in Q1 of FY 2075/76 and its reserve has fallen from Rs 5.76 crore to Rs 4.97 crore in Q1 of FY 2075/76.

Its earning per share (EPS) is at Rs 14.94 from Rs 28.93 in the corresponding quarter.

Its net worth per share is at Rs 118.52, a fall of 48.37 percent and the P/E ratio at 43.17 times.

Major Highlights:

Particulars (In Rs '000)

SLBBL

Q1 2075/76

Q1 2074/75

Difference

Paid Up Capital

268,399

104,998

155.62%

Reserve & Surplus

49,710

57,648

-13.77%

Deposits

872,839

532,398

63.94%

Borrowings

1,317,001

975,107

35.06%

Loans & Advances

2,291,103

1,491,101

53.65%

Net Interest Income

42,581

26,987

57.78%

Provision for possible losses

3,804

1,884

101.85%

Operating Profit

14,421

11,935

20.83%

Net Profit

10,025

7,595

31.98%

NPL (%)

0.51

0.19

168.42%

Annualized EPS (In Rs.)

14.94

28.93

-48.37%

Net Worth per Share (In Rs.)

118.52

154.90

-23.49%

P/E Ratio (In times)

43.17