Samriddhi Finance reports improved Q4 results; earning rises to Rs 3.38 crore
Tue, Aug 11, 2020 11:28 AM on Latest, Company Analysis,
Samriddhi Finance Company Limited has published its fourth-quarter report for the FY 2076/2077 with an increment of a whopping 516.62% in Net Profit. The company’s Net Profit increased from Rs. 54.95 Lakhs in the fourth quarter of the fiscal year 2075/2076 to Rs. 3.38 crore in the fourth quarter of fiscal year 2076/2077.
The company’s deposit from customers rose by 173.47% to Rs. 20.58 crores whereas loans and advances have also increased by 2999.50% to Rs. 1.86 crores in the Q4 of FY 2076/2077. The net interest income (core business revenue) of the company has increased by 332.76% to Rs. 3.09 crore from Rs. 71.53 lakhs of the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 18.19 crores with a reserve of Rs. 23.36 crores in Q4, FY 2076/2077. The Non-performing loan (NPL) stood at 86.64%.
In Q4, 2076/2077, the EPS of the bank stands at Rs. 18.62 and net worth per share stood at Rs. 72.89.
Major Highlights
| Particulars ('000) | Samriddhi Finance Company Limited | ||
|---|---|---|---|
| Q4, 2076/2077 | Q4,2075/2076 | Difference | |
| Paid-up Capital | 181,980.00 | 181,980.00 | - |
| Share Premium | 1,360.00 | 1,360.00 | - |
| Retained Earnings | -287,684.00 | -314,049.00 | - |
| Reserves | 236,998.00 | 229,811.00 | 3.13% |
| Deposit from Customers | 205,849.00 | 75,274.00 | 173.47% |
| Loans & Advances to Customers | 18,690.00 | 603.00 | 2999.50% |
| Net Interest Income | 30,955.00 | 7,153.00 | 332.76% |
| Fee and Commission Income | 193.00 | 3.00 | 6333.33% |
| Impairment Charge/(Reversal) | -56,028.00 | -39,719.00 | - |
| Personnel Expenses | 22,297.00 | 5,441.00 | 309.80% |
| Operating Profit | 48,446.00 | 32,101.00 | 50.92% |
| Profit/(Loss) for the Year | 33,883.00 | 5,495.00 | 516.62% |
| Total Comprehensive Income | 33,944.00 | 5,732.00 | 492.18% |
| Distributable Profit/(Loss) | 26,605 | - | - |
| Capital Adequacy Ratio (CAR) (%) | 46.30% | 12.37% | - |
| Non-Performing Loan (NPL) | 86.64% | 100.00% | - |
| CCD (as per NRB Directive) | 50.25% | 156.22% | - |
| Cost of Fund (%) | 8.02% | - | - |
| Base Rate (%) | 20.84% | 17.60% | - |
| Annualized EPS (Rs.) | 18.62 | - | - |
| Net worth per share (Rs.) | 72.89 | - | - |
| P/E ratio (times) | 5.21% | - | - |
| Qtr End Price | 97.00 | - | - |
| P/B ratio (times) | 1.33 | - | - |
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