Suryodaya Laghubitta's first quarter financials; Net profit surges by 155%
Fri, Nov 1, 2019 11:38 AM on Financial Analysis, Latest, Stock Market,
Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS) net profit surges by 155.70 percent in the first quarter (Q1) of the last fiscal year 2076/77.
Publishing the unaudited financial report for the first quarter today, the microfinance company stated that its net profit has increased to Rs 1.41 crore in the Q1 of this fiscal year, from Rs 55.45 lakh in the corresponding period.
Its net interest income has also increased from Rs 2.18 crore in the corresponding quarter to Rs 3.69 crore. Its paid-up capital remains at Rs 10.79 crore with a reserve of Rs 12.79 crore in Q1.
The company has borrowings of Rs 1.19 arba till the first quarter, up from Rs 58.60 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 1.73 arba till Q1 whereas in the same period last year the figure stood at Rs 95.80 crore.
Its non-performing loan (NPL) has decreased to 0.93% in Q1 from 1.19% in the previous year.
Its annualized earning per share (EPS) stands at Rs 52.56, net worth per share at Rs 218.56 and the P/E ratio at 15.08 times.
Major Highlights:
| Particulars (In Rs '000) | Suryodaya Laghubitta | ||
|---|---|---|---|
| Q1 2076/77 | Q1 2075/76 | Difference | |
| Paid Up Capital | 107,919.00 | 107,919.00 | 0.00% |
| Reserve & Surplus | 127,956.11 | 54,720.92 | 133.83% |
| Borrowings | 1,199,666.02 | 586,092.48 | 104.69% |
| Deposits | 686,573.17 | 434,302.82 | 58.09% |
| Loans & Advances | 1,738,039.83 | 958,017.13 | 81.42% |
| Net Interest Income | 36,921.99 | 21,879.91 | 68.75% |
| Staff Expenses | 20,390.66 | 15,897.24 | 28.27% |
| Provision for possible losses | 5,427.42 | 4,047.70 | 34.09% |
| Operating Profit | 20,293.72 | 7,030.19 | 188.67% |
| Net Profit | 14,180.17 | 5,545.64 | 155.70% |
| Capital Adequacy (%) | 10.46 | 14.65 | -28.60% |
| NPL (%) | 0.93 | 1.19 | -21.85% |
| Cost of Fund (%) | 10.29 | 9.84 | 4.57% |
| Annualized EPS (In Rs.) | 52.56 | - | |
| Net Worth per Share (In Rs.) | 218.56 | - | |
| PE Ratio (times) | 15.08 | - | |
