Swadeshi Laghubitta reports net profit of Rs 4.82 crore for Q2 of 2076/77; Annualized EPS at Rs 34.98
Tue, Jan 28, 2020 11:47 AM on Financial Analysis, Latest, Stock Market,
Swadeshi Laghubitta Bittiya Sanstha Limited (SDESI) has reported a profit growth of 82.46 percent in the second quarter (Q2) of the FY 2076/77.
According to the unaudited financial report for the second quarter published today, the microfinance has stated that its net profit increased to Rs 4.82 crore in the second quarter as compared to Rs 2.64 crore in the corresponding quarter of the last fiscal year 2075/76.
The microfinance company’s borrowing has increased from Rs 1.84 arba in the corresponding quarter of the previous year to Rs 2.60 arba in the second quarter of the fiscal year 2076/77. The company deposits grew by 47.09% to Rs 1.19 arba and at the same time loan and advances grew by 38.42% to Rs 3.77 arba.
Its net interest income has also increased to Rs 15.48 crore in the Q2 up from Rs 10.14 crore compared to the corresponding quarter of the last fiscal year.
Swadeshi Laghubitta has paid up capital of Rs 27.60 crore. Its reserve has increased to Rs 14.79 crore.
SDESI’s non-performing loan has decreased slightly to 1.87% from 1.82% as stated by the second quarter financial report.
Its annualized Earning Per Share (EPS) stands at Rs 34.98, net worth per share at Rs 153.62 and P/E ratio at 21.10 times.
Major Highlights:
| Particulars (In Rs '000) | SDESI | ||
|---|---|---|---|
| Q2 2076/77 | Q2 2075/76 | Difference | |
| Paid Up Capital | 276,000 | 230,000 | 20.00% |
| Reserve & Surplus | 147,996 | 139,917 | 5.77% |
| Borrowings | 2,606,757 | 1,840,708 | 41.62% |
| Deposits | 1,190,647 | 809,453 | 47.09% |
| Loans & Advances | 3,778,281 | 2,729,540 | 38.42% |
| Net Interest Income | 154,888 | 101,481 | 52.63% |
| Staff Expenses | 79,726 | 61,401 | 29.84% |
| Provision for possible losses | 21,812 | 18,544 | 17.62% |
| Operating Profit | 75,850 | 42,138 | 80.00% |
| Net Profit | 48,268 | 26,454 | 82.46% |
| Capital Adequacy (%) | 10.33 | 12.47 | -17.16% |
| NPL (%) | 1.82 | 1.87 | -2.67% |
| Cost of Fund (%) | 9.83 | 8.92 | 10.20% |
| Annualized EPS (In Rs.) | 34.98 | 23.00 | 52.05% |
| Net Worth per Share (In Rs.) | 153.62 | ||
| PE Ratio (times) | 21.1 | ||
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