Swadeshi Laghubitta Bittiya Sanstha Limited (SDESI) has reported decrease of 51.11 percent net profit for the first quarter of the FY 2074/75.
Publishing the unaudited financial report for the first quarter today, the microfinance company has stated that its net profit decrease to Rs 26.24 lakh in Q1, from Rs 53.67 lakh reported in the corresponding quarter of the previous fiscal year 2073/74.
The microfinance has collected deposits of Rs 41.08 crore compared to Rs 16.56 crore in the corresponding quarter last year. Likewise, it extended loans of Rs 1.64 arba , up from Rs 91.71 crore. It has borrowings of Rs 1.26 arba.
Its net interest income has risen from Rs 2.75 crore in the corresponding quarter last year to Rs 3.10 crore in the Q1 of FY 2074/75.
It has paid up capital of Rs 10 crore with reserve of Rs 3.11 crore. It has recently announced 100% right shares and 15% bonus shares from the net profit of FY 2073/74. After adjustment of right and bonus shares, it will reach to Rs 23 crore.
The microfinance’s Non-Performing Loan (NPL) has inclined to 1.80% from 0.7% in the corresponding quarter of FY 2073/74.
Its Earning per Share (EPS) has massively decreased to Rs 10.50 in Q1 from Rs 30.67 in corresponding quarter. Likewise, its net worth per share rises to Rs 131.11 and P/E ratio stands at 34.01 times.
Major Highlights:
| Particulars (In Rs '000) |
Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
100,000 |
70,000 |
42.86% |
| Reserve & Surplus |
31,106 |
9,925 |
213.42% |
| Deposits |
410,881 |
165,696 |
147.97% |
| Borrowings |
1,265,328 |
843,010 |
50.10% |
| Loans & Advances |
1,649,835 |
917,140 |
79.89% |
| Net Interest Income |
31,012 |
27,507 |
12.74% |
| Provision for possible losses |
15,067 |
6,560 |
129.68% |
| Operating Profit |
(3,177) |
3,922 |
-181.02% |
| Net Profit |
2,624 |
5,367 |
-51.11% |
| NPL (%) |
1.8 |
0.71 |
153.52% |
| Annualized EPS (In Rs.) |
10.50 |
30.67 |
-65.78% |
| Net Worth per Share (In Rs.) |
131.11 |
114.18 |
14.83% |
| P/E Ratio (In times) |
34.01 |
- |
- |
See the announcement
