High provision leads to 42.64% decline in net profit of Samudayk Laghubitta in Q4; EPS stands at Rs 13.23
Mon, Aug 10, 2020 11:08 AM on Company Analysis, Latest,
Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL) has posted a net profit of Rs.1.32 crores till the fourth quarter of the FY 2076/2077. The profit of the microfinance has decreased by 42.64% compared to the corresponding quarter of the previous year. Despite a 10.58% increase in net interest income (core business revenue) of the company, higher provisioning led to a decrease in the bottom line of the company.
As of Q4 2076/2077, SLBSL’s borrowings stood at Rs. 56.20 crores. It has floated loans of Rs. 1.10 Arba with 24.14% growth. The company’s net interest income stood at Rs. 8.40 crores which is an increment of 10.58% compared to Rs. 7.60 crores of Q4, 2075/2076.
Its paid-up capital stood at Rs.10 crores with net worth per share of Rs. 188.19. The company’s Reserve and surplus increased by 16.61% and stands at Rs. 8.81 crores.
The EPS of the company stands at Rs. 13.23 and Non-performing loan (NPL) increased to 3.58% in Q4, 2076/2077. Likewise, the company’s capital adequacy ratio (CAR) stands at 13.13% and the P/B ratio at 5.07 times.
Major Highlights
|
Particulars ('000) |
Samudayik Laghubitta Bittiya Sanstha Ltd |
||
|---|---|---|---|
|
Q4, 2076/2077 |
Q4,2075/2076 |
Difference |
|
|
Paid-up Capital |
100,000.00 |
100,000.00 |
- |
|
Reserves & Surplus |
88,187.90 |
75,625.47 |
16.61% |
|
Deposits |
431,175.90 |
351,652.40 |
22.61% |
|
Borrowings |
562,098.00 |
446,755.22 |
25.82% |
|
Loans & Advances |
1,108,660.39 |
893,104.52 |
24.14% |
|
Net Interest Income |
84,040.68 |
76,002.29 |
10.58% |
|
Staff Expenses |
45,075.26 |
38,321.05 |
17.63% |
|
Provision for possible losses |
20,350.57 |
4,218.95 |
382.36% |
|
Operating Profit |
19,994.80 |
36,847.07 |
-45.74% |
|
Net Profit |
13,227.51 |
23,060.72 |
-42.64% |
|
Capital Adequacy Ratio (%) |
13.13% |
14.24% |
- |
|
NPL (%) |
3.58% |
1.45% |
- |
|
Cost of Fund (%) |
8.80% |
9.81% |
- |
|
EPS (Rs.) |
13.23 |
23.06 |
- |
|
Net worth per share (Rs.) |
188.19 |
175.62 |
- |
|
P/E Ratio (times) |
72.20 |
- |
- |
|
Qtr end price |
955 |
- |
- |
|
P/B Ratio (times) |
5.07 |
- |
- |
