Suryodaya Womi Laghubitta Reported Rs 10.2 Crore Net Profit In Q3 of FY 78/79; EPS Stands Rs 17.27
Tue, May 10, 2022 10:44 AM on Latest, Financial Analysis, Stock Market,
Suryodaya Womi Laghubitta Bittiya Sanstha Limited net profit declines by 5.45% percent in the third quarter (Q3) of the fiscal year 2078/79.
Publishing the unaudited financial report for the third quarter today, the microfinance company stated that its net profit has decreased to Rs 10.2 crore in the Q3 of fiscal year 2078/79, from Rs 10.8 crore in the corresponding period.
Its net interest income has increased from Rs 22.1 crore in corresponding quarter to Rs 30.8 crore. Its paid up capital remains at Rs 79.1 crore with reserve of Rs 51.8 crore in Q3.
The company has borrowings of Rs. 6.32 arba till the third quarter, having a huge incline of 186.74%. In the previous corresponding quarter the borrowings was Rs 2.20 arba. Likewise, it has extended loans and advances of Rs 11.14 arba till Q3 whereas in the same period last year the figure stood at Rs 4.56 arba.
Its non-performing loan (NPL) has increased to 2.95% in Q3 from 1.94% in the previous year.
Its earning per share (EPS) stands at Rs 17.27, net worth per share at Rs 165.52 and the P/E ratio at 77.65 times.
Notes:
Womi Laghubitta Bittiya Sanstha Limited (WOMI) and Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS) had successfully merged and commenced joint operation from Chaitra 19, 2078 BS. After the merger, the microfinances operated in the new name of ‘Suryodaya Womi Laghubitta Bittiya Sanstha Limited’
Major Financial Highlights
| Particulars (In Rs '000) | Suryodaya Womi Laghubitta Bittiya Sanstha Ltd | ||
|---|---|---|---|
| Q3 2078/79 | Q3 2077/78 | Difference | |
| Capital | 791,985 | 411,944 | 92.26% |
| Reserve & Surplus | 518,929 | 244,925 | 111.87% |
| Deposits | 4,117,342 | 1,580,379 | 160.53% |
| Borrowings | 6,322,447 | 2,204,914 | 186.74% |
| Loans & Advances | 11,141,375 | 4,566,159 | 144.00% |
| Net Interest Income | 308,030 | 221,388 | 39.14% |
| Provision for possible losses | 28,600 | 13,577 | 110.65% |
| Operating Profit | 159,707 | 172,194 | -7.25% |
| Net Profit | 102,569 | 108,482 | -5.45% |
| Capital Adequacy (%) | 10.74 | 13.89 | -22.68% |
| NPL (%) | 2.95 | 1.94 | 52.06% |
| Cost of Funds | 9.72 | 7.52 | 29.26% |
| Annualized EPS (In Rs.) | 17.27 | ||
| Net Worth per Share (In Rs.) | 165.52 | 159.46 | 3.80% |
| Price-to-Earning Ratio (Times) | 77.65 | ||
