Sana Kisan Laghubitta Reports 17.45% rise in net profit with EPS of Rs 45.28 (Q4 - FY 78/79)
Thu, Aug 11, 2022 6:55 AM on Financial Analysis, Latest,
Sana Kisan Bikas Laghubitta Bittiya Sastha Limited (SKBBL) has published its fourth-quarter report for the FY 2078/2079 with an impressive increment in Net Profit by 17.45%. SKBBL's net profit has increased from Rs. 60.31 Crore in the fourth quarter of FY 2077/2078 to Rs. 70.83 Crore in the fourth quarter of FY 2078/2079.
In the same quarter, the bank has Rs 43.88 crores as distributable profit after PL Appropriation and Regulatory Adjustments. This amount can be used for distributing dividends.
Microfinance’s borrowings increased by 24.53% to Rs. 16.30 arba whereas loans and advances to MFIs and Cooperative increased by 22.73% to Rs. 29.31 arba till the fourth quarter. SKBBL's Net Interest Income (core business income) has increased by 10.68% to Rs. 1.34 arba compared to the corresponding quarter of the previous year.
The company’s paid-up capital stands at Rs. 1.56 Arba with Rs. 2.60 Arba in Reserve and surplus. The Non-performing loan (NPL) is at 0.68%.
The earnings per share (EPS) of the Bank stood at Rs. 45.28 and Net worth per share stood at Rs. 266.08. The company traded at a P/E multiple of 23.52 times.
Major Highlights:
| Particulars (In Rs '000") | Sana Kisan Bikas Laghubitta | ||
| Q4 2078/79 | Q4 2077/78 | Difference | |
| Share Capital | 1,564,414 | 1,251,530 | 25 % |
| Share Premium | 18,270 | 18,270 | |
| Retained Earnings | 898,066 | 789,071 | 13.81% |
| Reserves | 1,681,791 | 1,462,246 | 15.01% |
| Borrowings | 16,304,372 | 13,093,100 | 24.53% |
| Deposits from Customers | - | - | - |
| Loans & Advances to MFIs and Cooperatives | 29,311,586 | 23,882,446 | 22.73% |
| Net Interest Income | 1,347,319 | 1,217,327 | 10.68% |
| Impairment Charge/(Reversal) | 55,884 | 105,716 | -47.14% |
| Personnel Expenses | 202,244 | 187,497 | 7.87% |
| Operating Profit | 1,009,713 | 867,539 | 16.39% |
| Profit/(Loss) for the Year | 708,329 | 603,112 | 17.45% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 438,816 | ||
| Capital Adequacy Ratio (CAR) | 13.12 | 13.11 | 0.08% |
| NPL | 0.68 | 0.69 | -1.45% |
| CD and Borrowing Ratio | 122.5 | 120.77 | 1.43% |
| Cost of Fund (%) | 3.83 | 3.08 | 24.35% |
| Interest Rate Spread (%) | 4.29 | 4.68 | -8.33% |
| EPS (In Rs.) | 45.28 | 188.45 | -75.97% |
| Net Worth per Share (In Rs.) | 266.08 | 809.15 | -67.12% |
| Qtr End PE Ratio (times) | 23.52 | - | - |
| Qtr End Market Price | 1065 | - | - |
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