Swadeshi Laghubitta's all major financial indicators increased by good margin; earns Rs 7.43 crore till Q4
Fri, Jul 26, 2019 6:25 AM on Financial Analysis, Latest, Stock Market,
Swadeshi Laghubitta Bittiya Sanstha Limited (SDESI) has reported massive profit growth of 97.18 percent in the fourth quarter (Q4) of the FY 2075/76.
According to the unaudited financial report for the fourth quarter published today, the microfinance has stated that its net profit increased to Rs 7.43 crore in the fourth quarter as compared to Rs 3.77 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 2.28 arba in the fourth quarter of the fiscal year 2075/2076. The company deposits grew by 62.99% to Rs 1.02 arba and at the same time loan and advances grew by 57.23% to Rs 3.43 arba.
Its net interest income has also increased to Rs 23.01 crore in the Q4 up from Rs 14.71 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 18.51 crore.
SDESI’s non-performing loan has increased slightly to 1.54% from 1.21% as stated by the fourth quarter financial report.
Its Earning Per Share (EPS) stands at Rs 32.34, net worth per share at Rs 180.48 and P/E ratio at 17.87 times.
Major Highlights:
|
Particulars (In Rs '000) |
Swadeshi Laghubitta |
||
|---|---|---|---|
|
Q4 2075/76 |
Q4 2074/75 |
Difference |
|
|
Paid Up Capital |
230,000.00 |
115,000.00 |
100.00% |
|
Reserve & Surplus |
185,105.19 |
50,345.99 |
267.67% |
|
Borrowings |
2,281,567.06 |
1,482,957.11 |
53.85% |
|
Deposits |
1,026,288.70 |
629,651.30 |
62.99% |
|
Loans & Advances |
3,437,376.69 |
2,186,206.87 |
57.23% |
|
Net Interest Income |
230,193.26 |
147,307.09 |
56.27% |
|
Staff Expenses |
124,905.30 |
93,578.30 |
33.48% |
|
Provision for possible losses |
32,939.69 |
13,204.58 |
- |
|
Operating Profit |
117,443.99 |
59,272.16 |
98.14% |
|
Net Profit |
74,375.45 |
37,718.64 |
97.18% |
|
Capital Adequacy (%) |
11.46 |
10.03 |
14.26% |
|
NPL (%) |
1.54 |
1.21 |
27.27% |
|
Cost of Fund (%) |
9.83 |
10.23 |
-3.91% |
|
EPS (In Rs.) |
32.34 |
32.80 |
-1.41% |
|
Net Worth per Share (In Rs.) |
180.48 |
143.78 |
25.53% |
|
PE Ratio (times) |
17.87 |
- |
- |
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