Sadhana Laghubitta able to increase net profit by 151.16% in Q4; Company recently issued IPO to general public
Sun, Aug 2, 2020 6:55 AM on Company Analysis, Latest,
Sadhana Laghubitta Bittiya Sanstha Limited (SALBSL) has published an unaudited financial report for the fourth quarter of FY 2076/77 today. It has stated that its net profit has increased by 151.16% to Rs 4.02 crore in the fourth quarter of fiscal year 2076/77 from Rs 1.60 crore reported in the corresponding quarter of the previous fiscal year 2075/76. The rise in net profit is due to a rise in core business activities.
Sadhana Laghubitta Bittiya Sanstha has recently issue IPO shares to the general public and its shares yet to be listed on Nepal Stock Exchange Limited.
Likewise, it extended loans of Rs 1.71 Arba till Q4 with 44.78% growth. It has collected deposits of Rs 45.53 crore and borrowed Rs 1.22 Arba till the fourth quarter. It has paid-up capital of Rs 21.77 crore with a reserve of Rs 6.12 crore.
Its net interest income has also increased by a massive 196.68% to Rs 13.73 crore from Rs 4.62 crore in the corresponding quarter. Its operating profit has increased to Rs 3.57 crore in Q4, from Rs 2.52 crore in the corresponding quarter.
The company earnings per share (EPS) stand at Rs 18.50 and non-performing loan (NPL) has slightly increased to 0.68% from 0.16%. The Net worth per share stands at Rs 128.13.
Major Highlights:
|
Particulars (In Rs '000) |
Sadhana Laghubitta |
||
|---|---|---|---|
|
Q4 2076/77 |
Q4 2075/76 |
Difference |
|
|
Paid Up Capital |
217,780.00 |
73,500.00 |
196.30% |
|
Reserve & Surplus |
61,268.66 |
22,308.52 |
174.64% |
|
Deposits |
455,351.17 |
280,022.34 |
62.61% |
|
Borrowings |
1,227,865.72 |
846,611.63 |
45.03% |
|
Loans & Advances |
1,710,654.53 |
1,181,589.09 |
44.78% |
|
Net Interest Income |
137,344.23 |
46,293.79 |
196.68% |
|
Staff Expenses |
65,220.99 |
30,852.57 |
111.40% |
|
Provision for possible losses |
54,025.44 |
5,938.19 |
- |
|
Operating Profit |
35,797.99 |
25,269.78 |
41.66% |
|
Net Profit |
40,287.98 |
16,040.85 |
151.16% |
|
Capital Adequacy (%) |
15.73 |
8.08 |
94.68% |
|
NPL (%) |
0.68 |
0.16 |
|
|
Cost of Fund (%) |
10.42 |
11.28 |
-7.62% |
|
EPS (In Rs.) |
18.50 |
21.82 |
-15.23% |
|
Net Worth per Share (In Rs.) |
128.13 |
130.35 |
-1.70% |
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