Sana Kisan Bikas Laghubitta reports 12% rise in net profit; Reserve at Rs 1.81 arba
Wed, Nov 13, 2019 11:26 AM on Financial Analysis, Latest, Stock Market,
Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) net profit rises by 12.52% in the first quarter (Q1) of the fiscal year 2076/77.
Publishing the unaudited financial report for the first quarter today, the microfinance company stated that its net profit increased to Rs 13.77 crore in the Q1 of fiscal year 2076/77, up from Rs 12.24 crore in the corresponding period of the previous fiscal year 2075/76.
Its net interest income has also increased from Rs 21.80 crore in the corresponding quarter to Rs 23.06 crore till the first quarter.
Its paid-up capital remains at Rs 78.60 crore with a massive reserve of Rs 1.81 arba till Q1.
The company has borrowings of Rs 19.34 arba till the first quarter, up from Rs 15.93 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 19.49 arba till Q1 whereas in the same period last year the figure stood at Rs 16.44 arba.
Its annualized earning per share (EPS) and net worth per share stood at Rs 70.11 and Rs 331.09 respectively. Its quarter-end PE is at 13.03 times.
Major Highlights:
| Particulars (In Rs '000) | Sana Kisan Bikas Laghubitta | ||
|---|---|---|---|
| Q1 2076/77 | Q1 2075/76 | Difference | |
| Paid Up Capital | 786,034 | 628,827 | 25.00% |
| Reserve & Surplus | 1,816,445 | 1,486,278 | 22.21% |
| Deposits | 0 | 0 | |
| Borrowings | 19,341,788 | 15,933,811 | 21.39% |
| Loans & Advances | 19,494,787 | 16,445,883 | 18.54% |
| Net Interest Income | 230,608 | 218,054 | 5.76% |
| Staff Expenses | 18,115 | 13,968 | 29.69% |
| Provision for possible losses | 6,868 | 6,441 | 6.63% |
| Operating Profit | 195,795 | 192,427 | 1.75% |
| Net Profit | 137,781 | 122,454 | 12.52% |
| Capital Adequacy (%) | 11.9 | 12.85 | -7.39% |
| NPL (%) | 0.09 | 0.1 | -10.00% |
| Cost of Fund (%) | 6.44 | 6.72 | -4.17% |
| Annualized EPS (In Rs.) | 70.11 | 77.89 | -9.99% |
| Net Worth per Share (In Rs.) | 331.09 | ||
| Qtr End PE Ratio (times) | 13.03 | ||
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