Sana Kisan Bikas Bank Limited (SKBBL) has registered impressive net profit growth of 47.95 percent for fourth quarter (Q4) in the last fiscal year 2073/2074.
Publishing unaudited financial reports today, the wholesale microfinance company lifted its net profit from Rs 22.34 crore in Q4 of the previous fiscal year 73/74 to Rs 33.06 crore in Q4 of the last fiscal year 73/74.
The net interest income of the bank has jumped up by 30.81 percent to Rs 63.82 crore in Q4 from Rs 48.79 crore in corresponding quarter.
SKBBL has paid up capital of Rs 50.30 crore and reserve of Rs 1.11 arba with growth of 21.27 percent.
The microfinance company has borrowings of Rs 11.94 arba in Q4, up from Rs 9.67 arba in the corresponding quarter. Likewise, its extended loans and advances have risen to Rs 13.99 arba in Q4 whereas in the corresponding quarter of previous fiscal year it was Rs 11.03 arba.
Its non-performing loan (NPL) has gone up 0.10 percent in Q4 from 0.07 percent in the previous fiscal year, while capital adequacy ratio is 10.41%.
SKBBL’s earning per share (EPS) has rised by 18.36% from Rs 55.53 in the corresponding quarter to Rs 65.73 in Q4, though it had distributed 25% bonus shares from the profit it had earned in the FY 2072/73. Likewise, its net worth per share is at Rs 320.85 and the P/E ratio at 22.85.
Major Highlights:
| Indicators (Rs in '000) |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
503,062 |
402,450 |
25.00 |
| Reserve and Surplus |
1,111,010 |
916,113 |
21.27 |
| Deposits |
- |
- |
#DIV/0! |
| Borrowings |
11,949,491 |
9,670,194 |
23.57 |
| Loans and Advances |
13,994,935 |
11,034,127 |
26.83 |
| Net Interest Income |
638,287 |
487,957 |
30.81 |
| Provision |
35,489 |
68,312 |
(48.05) |
| Operating Profit |
518,253 |
349,410 |
48.32 |
| Net Profit |
330,667 |
223,495 |
47.95 |
| Capital Adequacy Ratio (%) |
10.41 |
10.37 |
0.39 |
| NPL (%) |
0.10 |
0.07 |
42.86 |
| Cost of Fund (%) |
3.86 |
2.89 |
33.56 |
| EPS (Annualized) |
65.73 |
55.53 |
18.36 |
| Net Worth Per Share |
320.85 |
327.63 |
(2.07) |
| P/E Ratio |
22.85 |
|
Likewise, Deprosc Lagubitta Bikas Bank Limited (DDBL) has also posted significant growth of net profit by 36.43 percent for fourth quarter (Q4) in the last FY 73/74.
According to the published unaudited financial reports, the national level microfinance lifted its net profit from Rs 19.27 crore in Q4 of the previous FY 72/73 to Rs 26.29 crore in Q4 of the last FY 73/74.
The net interest income of the development bank has jumped up by 28.80 percent to Rs 60.54 crore from Rs 47.00 crore in Q4 of corresponding previous FY 72/73.
DDBL has its paid up capital of Rs 60.61 crore and its reserve has highly soared from Rs 33.33 crore to Rs 45.19 crore in Q4 of FY 2073/74. From the profit of FY 2072/73, DDBL had distributed 35% bonus shares. Also, DDBL had recently issued 100% right shares.
The microfinance has collected deposits of Rs 1.67 arba in Q4, borrowings of Rs 3.07 arba and extended loans and advances to Rs 5.44 arba
Its non-performing loan (NPL) at 0.72 percent from 0.82 percnt in corresponding Q4, while its CD ratio stands at 30.26 percent and capital adequacy ratio (CAR) at 19.14%
DDBL’s earring per share (EPS) has tumbled down from corresponding Q4 by 41.95 percent to Rs 43.37.Its net worth per share has also declined to Rs 174.57 from Rs 229.24 and P/E ratio stands at 29.51 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
606,121 |
257,923 |
135.00 |
| Reserve and Surplus |
451,985 |
333,349 |
35.59 |
| Deposits |
1,673,626 |
1,163,489 |
43.85 |
| Borrowings |
3,072,220 |
2,508,074 |
22.49 |
| Loans and Advances |
5,447,846 |
3,928,095 |
38.69 |
| Net Interest Income |
605,461 |
470,087 |
28.80 |
| Provision |
85,188 |
80,810 |
5.42 |
| Operating Profit |
352,268 |
248,236 |
41.91 |
| Net Profit |
262,905 |
192,707 |
36.43 |
| Capital Adequacy Ratio (%) |
19.14 |
14.96 |
27.94 |
| NPL (%) |
0.72 |
0.82 |
(12.20) |
| Cost of Fund (%) |
9.08 |
5.31 |
71.00 |
| CD Ratio (as per NRB) )%) |
30.26 |
29.17 |
3.74 |
| EPS (Annualized) |
43.38 |
74.71 |
(41.95) |
| Networth Per Share |
174.57 |
229.24 |
(23.85) |
| P/E Ratio |
29.51 |
|
