Huge provision of Rs 81 crore results 52.79% decline in net profit of Swabalamban Laghubitta in Q3; NPL stands at 15.38%
Sun, May 9, 2021 6:12 AM on Financial Analysis, Latest,
Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) published the third-quarter report of FY 2077/2078 with a 52.79% fall in Net Profit. As per the report published by the company, the net profit decreased to Rs. 14.29 crore as compared to Rs. 30.27 crore in the corresponding quarter of the previous year.
The decline in net profit is due to a huge provision amount of Rs 81 crore in this quarter.
The borrowings of the company decreased by 17.77% to Rs. 5.04 Arba which was Rs. 6.12 Arba in the corresponding quarter of the previous year. The deposits of the company increased by 15.16% to Rs 10.42 arba. The company’s loans and advances also increased by 5.36% to 16.56 Arba in this quarter.
The net interest income (core revenue) has increased by 26.20% to Rs. 1.02 arba compared to Rs. 81.28 crore in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 94.30 crore in this quarter and its reserve and surplus stood at Rs. 1.29 arba.
The company's non-performing loans stand at 15.38% till this quarter which was 1.70% in the corresponding quarter.
Its annualized earnings per share (EPS) stands at Rs. 20.21. The net worth per share is Rs. 237.13. The company traded at a P/E multiple of 94.31 times.
Major Highlights:
| Particulars (In Rs '000) | Swabalamban Laghubitta | ||
|---|---|---|---|
| Q3 2077/78 | Q3 2076/77 | Difference | |
| Paid Up Capital | 943,000.00 | 792,399.00 | 19.01% |
| Reserve & Surplus | 1,293,118.00 | 1,316,003.00 | -1.74% |
| Borrowings | 5,040,376.00 | 6,129,379.00 | -17.77% |
| Deposits | 10,423,476.00 | 9,051,586.00 | 15.16% |
| Loans & Advances | 16,562,702.00 | 15,720,831.00 | 5.36% |
| Net Interest Income | 1,025,858.00 | 812,893.00 | 26.20% |
| Staff Expenses | 420,530.00 | 411,128.00 | 2.29% |
| Provision for possible losses | 810,063.00 | 87,128.00 | - |
| Operating Profit | -17,446.00 | 480,533.00 | -103.63% |
| Write Back | 244,318.00 | 0.00 | - |
| Net Profit | 142,928.00 | 302,772.00 | -52.79% |
| Capital Adequacy (%) | 9.11 | 8.76 | 4.00% |
| NPL (%) | 15.38 | 1.70 | - |
| Cost of Fund (%) | 7.20 | 9.47 | -23.97% |
| EPS (In Rs.) | 20.21 | 50.95 | -60.33% |
| Net Worth per Share (In Rs.) | 237.13 | 266.08 | -10.88% |
| Qtr end PE Ratio (times) | 94.31 | - | - |
| Qtr End Market Price | 1906 | - | - |
