Swadeshi Laghubitta reports 431.8% rise in reserves with 100% rise in paid-up capital; EPS stands at Rs 27.93 with networth per share of Rs 160.83
Sun, Jan 27, 2019 11:24 AM on Financial Analysis, Latest, Stock Market,
Swadeshi Laghubitta Bittiya Sanstha Limited (SDESI) has reported profit growth of 93.96 percent in the second quarter (Q2) of the current fiscal year 2075/76.
According to the unaudited financial report for the second quarter published today, the microfinance has stated that its net profit surged to Rs 2.65 crore in the second quarter as compared to Rs 1.36 crore in the corresponding quarter of the last fiscal year 2074/75.
The microfinance company’s borrowing has increased from Rs 1.48 arba in the corresponding quarter of the previous year to Rs 1.84 arba in the second quarter of the fiscal year 2075/2076.
Its net interest income has also increased to Rs 10.14 crore in the Q2 up from Rs 6.81 crore compared to the corresponding quarter of the last fiscal year.
Swadeshi Laghubitta has paid up capital of Rs 23 crore. Its reserve has increased to Rs 13.99 crore by a significant 431.8%.
SDESI’s non-performing loan has increased to 1.87% from 1.78% as stated by the second quarter financial report.
Its annualized Earning Per Share (EPS) stands at Rs 27.93, net worth per share at Rs.160.83 and P/E ratio at 22.12 times.
Major Highlights:
| Particulars (In Rs '000) | SDESI | ||
|---|---|---|---|
| Q2 2075/76 | Q2 2074/75 | Difference | |
| Paid Up Capital | 230,000 | 115,000 | 100.00% |
| Reserve & Surplus | 139,917 | 26,310 | 431.80% |
| Deposits | 809,453 | 480,928 | 68.31% |
| Borrowings | 1,840,708 | 1,482,005 | 24.20% |
| Loans & Advances | 2,729,540 | 1,767,829 | 54.40% |
| Net Interest Income | 101,481 | 68,086 | 49.05% |
| Provision for possible losses | 18,544 | 10,772 | 72.15% |
| Operating Profit | 42,138 | 21,432 | 96.61% |
| Net Profit | 26,454 | 13,639 | 93.96% |
| NPL (%) | 1.87 | 1.78 | 5.06% |
| Annualized EPS (In Rs.) | 27.93 | 23.72 | 17.75% |
| Net Worth per Share (In Rs.) | 160.83 | 122.88 | 30.89% |
| P/E Ratio (In times) | 22.12 | ||
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