Sana Kisan Laghubitta reports meager 6.95% rise in net profit with EPS of Rs 49.58; has massive Rs 2.18 arba in reserve fund

Wed, May 5, 2021 6:00 AM on Financial Analysis, Stock Market, Latest,

Sana Kisan Laghubitta Bittiya Sanstha Limited (SKBBL) published the third-quarter report of FY 2077/2078 with a 6.95% increment in Net Profit. As per the report published by the company, the net profit increased to Rs. 46.53 crores as compared to Rs. 43.50 crores in the corresponding quarter of the previous year.

The borrowings of the company increased by a meager 1.54% to Rs. 20.09 arba which was Rs. 19.79 arba in the corresponding quarter of the previous year. The company’s loans and advances have also increased by 6.24% to 23.50 arba in this quarter.

The net interest income (core revenue) has increased by 13.87% to Rs. 90.53 crores compared to Rs. 79.50 crores in the corresponding quarter of the previous year.

The paid-up capital of the company stood at Rs. 1.25 Arba in this quarter and its reserve and surplus stood at Rs. 2.18 Arba which is an increase of 17.12% in this quarter.

Its annualized earnings per share (EPS) stands at Rs. 49.58. The net worth per share is Rs. 274.19. The company traded at a PE multiple of 35.38 times.

Click here for Q3 report:

Major Highlights:

Particulars (In Rs '000) Sana Kisan Bikas Laghubitta 
Q3 2077/78 Q3 2076/77 Difference
Paid Up Capital 1,251,530.98 1,000,229.43 25.12%
Reserve & Surplus 2,180,090.41 1,861,416.81 17.12%
Borrowings 20,094,312.44 19,790,129.64 1.54%
Deposits 0.00 0.00  
Loans & Advances 23,505,852.42 22,124,284.38 6.24%
Net Interest Income 905,353.12 795,050.26 13.87%
Staff Expenses 52,008.12 49,467.48 5.14%
Provision for possible losses 114,892.41 56,076.78 -
Operating Profit 695,787.88 655,060.53 6.22%
Write Back 42,238.13 28,660.00 47.38%
Net Profit 465,335.44 435,094.88 6.95%
Capital Adequacy (%) 12.87 11.39 12.99%
NPL (%) 0.80 0.65 -
Cost of Fund (%) 3.10 5.85 -47.01%
EPS (In Rs.) 49.58 58.00 -14.52%
Net Worth per Share (In Rs.) 274.19 286.10 -4.16%
Qtr end PE Ratio (times) 35.38 - -
Qtr End Market Price 1754 - -