Wholesale microfinance Sana Kisan published strong Q2 report; net profit rises by 39.38%

Tue, Feb 5, 2019 9:08 AM on Financial Analysis, Latest, Stock Market,
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Sana Kisan Bikas Bank Limited (SKBBL) has shown increase in net profit by 39.38 percent in the second quarter (Q2) of the fiscal year 2075/76.

Publishing the unaudited financial report for the second quarter today, the microfinance company stated that its net profit increased to Rs 23.91 crore in the Q2 of fiscal year 2074/75, up from Rs 17.15 crore in the corresponding period of the previous fiscal year 2074/75.

Its net interest income has also increased from Rs 32.17 crore in corresponding quarter to Rs 42.21 crore in the second quarter.

Its paid up capital remains at Rs 78.60 crore with reserve of Rs 1.42 arba in Q2.

The company has borrowings of Rs 15.66 arba in the second quarter, down from Rs 15.93 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 17.37 arba in Q2 whereas in the same period last year the figure stood at Rs 15.58 arba.

Its annualized earning per share (EPS) stands at Rs 70.84 and net worth per share at Rs 280.94.

Its PE, currently stands at 17.59 times whereas last year PE was at 21.41 times. This suggests that the price of SKBBL has become cheaper by 17.84% compared to corresponding quarter.

Click Here for Q2 Report:

Major Highlights:

Particulars (In Rs '000)

Sana Kisan Bikas Laghubitta

Q2 2075/76

Q2 2074/75

Difference

Paid Up Capital

786,034.91

628,827.93

25.00%

Reserve & Surplus

1,422,276.05

1,149,760.35

23.70%

Deposits

-

-

-

Borrowings

15,660,247.74

15,933,811.65

-1.72%

Loans & Advances

17,376,984.08

15,586,437.16

11.49%

Net Interest Income

422,125.23

321,768.57

31.19%

Provision for possible losses

5,728.63

24,587.26

-76.70%

Operating Profit

375,326.52

258,219.78

45.35%

Net Profit

239,110.83

171,557.09

39.38%

Capital Adequacy (%)

11.31

10.14

11.54%

NPL (%)

0.04

0.07

-42.86%

Annualized EPS (In Rs.)

60.84

54.56

11.50%

Net Worth per Share (In Rs.)

280.94

282.84

-0.67%

PE Ratio (times)

17.59

21.41

-17.84%