Shrijanshil Laghubitta (SHLB) Publishes Q3 Report With Reduced Net Profit of Rs. 57.99 Lakhs; What is the EPS?
Thu, Jun 8, 2023 10:50 AM on Latest,
Shrijanshil Laghubitta Bittiya Sanstha Limited (SHLB) has published its third-quarter report for the ongoing fiscal year with a reduced Net Profit of Rs. 57.99 lakhs. In the corresponding quarter of the previous fiscal year, the company had earned 85.69 percent more amounting to Rs. 4.05 crores.
The Net Interest Income, which is the core revenue stream for microfinance companies, too has declined by 44.76 percent and totals Rs. 6.44 crores up to Q3 of FY 079/80.
The borrowings, deposits and loans and advances to customers have increased in this quarter by 3.69 %, 19.55 %, and 4.36 %, respectively.
The company has a write-back of Rs. 70.10 lakhs.
The Non-Performing Loan (NPL) of the company has inflated by 85.32 % to stand at 4.04 %.
SHLB maintains a paid-up capital of Rs. 10.93 crores while the retained earnings have a little more than halved and sum up to Rs. 3.85 crores. The company has Rs. 10.44 crores in the form of reserve.
The annualized Earnings per Share (EPS) of the company stands at Rs. 7.07 and has a Net Worth of Rs. 230.82, which is a decrease of 90.84% and 35.97% compared to the corresponding quarter of FY 078/79.
Major Financial Highlights:
| Particulars (In Rs '000) | Shrijanshil Laghubitta | ||
|---|---|---|---|
| Q3 2079/80 | Q3 2078/79 | Difference | |
| Paid Up Capital | 109,375.00 | 70,000.00 | 56.25% |
| Retained Earnings | 38,594.58 | 78,059.87 | -50.56% |
| Reserves | 104,489.34 | 104,285.87 | 0.20% |
| Borrowings | 1,230,616.75 | 1,186,789.33 | 3.69% |
| Deposits | 939,172.06 | 785,621.33 | 19.55% |
| Loans & Advances to customers | 2,408,744.00 | 2,308,121.79 | 4.36% |
| Net Interest Income | 64,470.69 | 116,700.25 | -44.76% |
| Personnel Expenses | 64,999.38 | 61,987.88 | 4.86% |
| Impairment Charges/Reversal for loans and Advances | 10,784.62 | -100.00% | |
| Write Back | 7,010.03 | ||
| Operating Profit | 8,284.65 | 57,877.91 | -85.69% |
| Net Profit | 5,799.26 | 40,514.54 | -85.69% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 4,523.42 | ||
| Capital Adequacy (%) | 9.54 | 9.93 | -3.93% |
| NPL (%) | 4.04 | 2.18 | 85.32% |
| Cost of Fund (%) | 11.52 | 12.20 | -5.57% |
| Annualized EPS (In Rs.) | 7.07 | 77.17 | -90.84% |
| Net Worth per Share (In Rs.) | 230.82 | 360.49 | -35.97% |
| Qtr end PE Ratio (times) | 180.35 | - | - |
| Qtr End Market Price | 1275 | - | - |
