Sana Kisaan Laghubitta achieves 25.75% profit growth in Q3 at the time of economic crisis due to COVID-19 outbreak

Mon, May 11, 2020 7:12 AM on Financial Analysis, Latest, Stock Market,
Sana Kisaa...

Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) net profit rises by 25.75% in the third quarter (Q3) of the fiscal year 2076/77. Regardless of COVID-19 outbreak and its economic impact the company is able to achieve healthy growth.

Publishing the unaudited financial report for the third quarter today, the microfinance company stated that its net profit increased to Rs 43.50 crore in the Q3 of fiscal year 2076/77, up from Rs 34.59 crore in the corresponding period of the previous fiscal year 2075/76.

Its net interest income has also increased from Rs 65.40 crore in the corresponding quarter to Rs 79.50 crore till the third quarter.

Its paid-up capital stands at Rs 1 arba with a massive reserve of Rs 1.86 arba till Q3.

The company has borrowings of Rs 19.79 arba till the third quarter, up from Rs 16.46 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 22.12 arba till Q3 whereas in the same period last year the figure stood at Rs 19.07 arba.

Its annualized earning per share (EPS) and net worth per share stood at Rs 58 and Rs 286.10 respectively. Its quarter-end PE is at 17.07 times.

Major Highlights:

Particulars (In Rs '000)

Sana Kisan Bikas Laghubitta

Q3 2076/77

Q3 2075/76

Difference

Paid Up Capital

1,000,229.43

786,034.91

27.25%

Reserve & Surplus

1,861,416.81

1,529,270.74

21.72%

Borrowings

19,790,129.63

16,465,097.31

20.19%

Deposits

0.00

0.00

 

Loans & Advances

22,124,284.38

19,076,990.19

15.97%

Net Interest Income

795,050.26

654,095.36

21.55%

Staff Expenses

49,467.48

41,188.36

20.10%

Provision for possible losses

56,076.78

44,155.85

-

Operating Profit

655,060.52

543,292.17

20.57%

Net Profit

435,094.88

345,998.07

25.75%

Capital Adequacy (%)

11.39

11.07

2.89%

NPL (%)

0.65

0.16

-

Cost of Fund (%)

5.85

5.99

-2.34%

EPS (In Rs.)

58.00

58.69

-1.18%

Net Worth per Share (In Rs.)

286.10

294.56

-2.87%

Qtr end PE Ratio (times)

17.07

-

-

Qtr End Market Price

990

-

-