Swarojgar Laghubitta reports a huge rise of 180% in net profit; Annualized EPS and net worth per share at Rs 41.69 and Rs 156.88 respectively
Mon, Nov 4, 2019 11:21 AM on Financial Analysis, Latest, Stock Market,
Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL), a microfinance company has published an unaudited financial report of the first quarter for the FY 2076/77. It has stated that net profit has increased by 180.20% to Rs 2.80 crore from Rs 1 crore reported in the corresponding quarter of the previous fiscal year 2075/76.
The microfinance borrowings increased from Rs 1.31 arba of Rs 1.62 arba. Likewise, it extended loans of Rs 3.17 arba from Rs 2.29 arba in the Q1 of the FY 2075/76.
It has paid-up capital of Rs 26.95 crore with a reserve of Rs 15.33 crore till this quarter.
SLBBL’s net interest income has increased from Rs 4.25 crore in the corresponding quarter of last year to Rs 6.48 crore in the first quarter of fiscal year 2076/77. Its operating profit has increased to Rs 4.04 crore till Q1, from Rs 1.44 crore in the corresponding quarter.
Currently, annualized EPS and Net worth per share stood at Rs 41.69 and Rs 156.88 respectively with quarter-end P/E ratio at 12.95 times.
Major Highlights:
| Particulars (In Rs '000) | Swarojgar Laghubitta | ||
|---|---|---|---|
| Q1 2076/77 | Q1 2075/76 | Difference | |
| Paid Up Capital | 269,512 | 268,399 | 0.41% |
| Reserve & Surplus | 153,311 | 49,710 | 208.41% |
| Borrowings | 16,287,445 | 1,317,001 | 1136.71% |
| Deposits | 1,389,796 | 872,839 | 59.23% |
| Loans & Advances | 3,179,928 | 2,291,103 | 38.79% |
| Net Interest Income | 68,481 | 42,581 | 60.83% |
| Staff Expenses | 31,429 | 25,183 | 24.80% |
| Provision for possible losses | 10,879 | 3,804 | 186.02% |
| Operating Profit | 40,440 | 14,421 | 180.42% |
| Net Profit | 28,089 | 10,025 | 180.20% |
| Capital Adequacy (%) | 13.73 | 14.13 | -2.83% |
| NPL (%) | 0.98 | 0.51 | 92.16% |
| Cost of Fund (%) | 10.17 | 10.16 | 0.10% |
| Annualized EPS (In Rs.) | 41.69 | 14.94 | 179.05% |
| Net Worth per Share (In Rs.) | 156.88 | - | |
| PE Ratio (times) | 12.95 | - | |
