Swabalamban Laghubitta’s EPS drops to Rs 68.26 in Q1; Reports decent performance

Mon, Nov 5, 2018 10:39 AM on Financial Analysis, Latest, Stock Market,

Swabalamban Laghubitta Bittiya Sanstha (SWBBL) has posted decent growth in net profit by 11.06% to Rs 8.58 crore in the first quarter (Q1) of fiscal year 2075/76.

Publishing the unaudited financial report for the first quarter today, the microfinance institution has stated that its operating profit has also increased to Rs 13.45 crore in Q1 from Rs 12.14 crore in the corresponding quarter of the last fiscal year.

The micro finance institution’s borrowing remains to be Rs 4.16 arba and has collected Rs 6.15 arba in deposits.

Likewise, it has extended loans and advances of Rs 10.88 arba in Q1 of FY 2075/76 whereas in the same period last year the figure stood at Rs. 8.34 arba.

It has a paid up capital of Rs 50.31 crore and has Rs 1 arba in reserve and surplus.

Its non- performing loan (NPL) increased to 1.02 % in Q1 from 0.88 % in the corresponding quarter of the last fiscal year.

Its earning per share (EPS) has decreased to Rs 68.26 in Q1 from Rs 73.81 previous year. Its net worth per share stands at Rs 300.41 and P/E ratio at 17.62 times.

Major Highlights:

Particulars (In Rs '000)

SWBBL

Q1 2075/76

Q1 2074/75

Difference

Paid Up Capital

503,111

418,963

20.08%

Reserve & Surplus

1,008,272

803,545

25.48%

Deposits

6,150,243

4,604,803

33.56%

Borrowings

4,167,511

3,928,705

6.08%

Loans & Advances

10,889,186

8,249,225

32.00%

Net Interest Income

245,377

215,932

13.64%

Provision for possible losses

12,851

8,163

57.43%

Operating Profit

134,566

121,447

10.80%

Net Profit

85,858

77,308

11.06%

NPL (%)

1.02

0.88

15.91%

Annualized EPS (In Rs.)

68.26

73.81

-7.52%

Net Worth per Share (In Rs.)

300.41

291.79

2.95%

P/E Ratio (In times)

17.62