Swadeshi Laghubitta published its Q1 report with massive hike in net profit; See the major highlights
Thu, Nov 1, 2018 8:59 AM on Financial Analysis, Latest, Stock Market,
Swadeshi Laghubitta Bittiya Sanstha Limited (SDESI) has reported massive profit growth of 218.11 percent in the first quarter (Q1) of the current fiscal year 2075/76.
According to the unaudited financial report for the first quarter published today, the microfinance has stated that its net profit surged to Rs 83.47 lakh in first quarter as compared to Rs 26.24 lakh in the corresponding quarter of the last fiscal year 2074/75.
The microfinance company’s borrowing has increased from Rs 1.26 arba in the corresponding quarter of the previous year to Rs 1.91 arba in the first quarter of the fiscal year 2075/2076.
Its net interest income has also increased to Rs 4.64 crore in the Q1 up from Rs 3.10 crore compared to the corresponding quarter of the last fiscal year.
Swadeshi Laghubitta has paid up capital of Rs 11.50 crore. Its reserve has increased to Rs 13.57 crore.
SDESI’s non-performing loan has decreased to 1.67% from 1.80% as stated by the first quarter financial report.
Its annualized Earning Per Share (EPS) stands at Rs 29.03, net worth per share at Rs.218.04 and P/E ratio at 23.42 times.
Major Highlights:
|
Particulars (In Rs '000) |
SDESI |
||
|---|---|---|---|
|
Q1 2075/76 |
Q1 2074/75 |
Difference |
|
|
Paid Up Capital |
115,000 |
1,000,000 |
-88.50% |
|
Reserve & Surplus |
135,749 |
31,106 |
336.40% |
|
Deposits |
708,679 |
410,881 |
72.48% |
|
Borrowings |
1,915,454 |
1,265,328 |
51.38% |
|
Loans & Advances |
2,489,653 |
1,649,835 |
50.90% |
|
Net Interest Income |
46,464 |
31,012 |
49.83% |
|
Provision for possible losses |
9,392 |
7,767 |
20.93% |
|
Operating Profit |
13,686 |
4,123 |
- |
|
Net Profit |
8,347 |
2,624 |
218.11% |
|
NPL (%) |
1.67 |
1.8 |
-7.22% |
|
Annualized EPS (In Rs.) |
29.03 |
1.05 |
2666.19% |
|
Net Worth per Share (In Rs.) |
218.04 |
103.11 |
111.46% |
|
P/E Ratio (In times) |
23.42 |
|
|
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