Swadeshi Laghubitta earns Rs 2.50 crore profit in the third quarter; Kalika Microcredit’s profit decrease by 7.32% to Rs 1.92 crore
Sun, Apr 22, 2018 12:48 AM on Financial Analysis, Latest, Stock Market,
Swadeshi Laghubitta Bittiya Sanstha Limited (SDESI) has reported 15.25 percent growth in net profit for the third quarter of the last fiscal year 2074/75.
Publishing the unaudited financial report for the third quarter today, the microfinance company has stated that its net profit rose to Rs 2.50 crore in Q3, up from Rs 2.17 crore reported in the corresponding quarter of the previous fiscal year 2073/74.
The development bank has collected deposits of Rs 55.21 crore in the 3rd quarter compared to Rs 27.04 crore in the corresponding quarter last year. Likewise, it extended loans of Rs 2 arba , up from Rs 1.19 crore. It has borrowings of Rs 1.46 arba.
Swadeshi Laghubitta net interest income has risen from Rs 8.87 crore in the corresponding quarter last year to Rs 10.55 crore in the third quarter of 2074/75. Swadeshi Laghubitta has paid up capital of Rs 11.5 crore with reserve of Rs 3.76 crore.
The microfinance’s Non-Performing Loan (NPL) has increased to 1.51% in from 1.2% in the corresponding quarter of FY 2073/74. Its Earning per Share (EPS) stands at Rs 29.04. Likewise, its net worth per share amounts to Rs 132.73 with P/E ratio at 33.09 times.
Major Highlights:
|
Particulars (In Rs '000) |
SDESI |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
115,000 |
70,000 |
64.29% |
|
Reserve & Surplus |
37,645 |
26,288 |
43.21% |
|
Deposits |
552,179 |
270,476 |
104.15% |
|
Borrowings |
1,462,728 |
1,061,288 |
37.83% |
|
Loans & Advances |
2,009,518 |
1,192,984 |
68.44% |
|
Net Interest Income |
105,552 |
88,706 |
18.99% |
|
Provision for possible losses |
49,079 |
24,236 |
102.51% |
|
Operating Profit |
3,287 |
20,035 |
-83.59% |
|
Net Profit |
25,045 |
21,730 |
15.25% |
|
NPL (%) |
1.51 |
1.2 |
25.83% |
|
Annualized EPS (In Rs.) |
29.04 |
41.39 |
-29.85% |
|
Net Worth per Share (In Rs.) |
132.73 |
137.55 |
-3.50% |
|
P/E Ratio (In times) |
33.09 |
- |
- |
Likewise, Kalika Microcredit Development Bank Limited (KMCDB) has also published its unaudited financial report for the third quarter of the current fiscal year. KMCDB has earned net profit of Rs 1.92 crore until the end of Q3 in this fiscal year 2074/75. As per its unaudited report, this is a 7.32% decrease as compared to the same period last year.
KMCDB’s has seen increase in its deposits which has grown to Rs 45.59 crore. Similarly, its borrowings have increased to Rs 57.32 crore. The microfinance company has floated Rs 1.11 arba worth of loans and has set aside Rs 1.24 crore as provision for provision for possible losses.
As of Q3, KMCDB has a paid up capital of Rs 10 crore with reserve of Rs 5.05 crore. Its net worth per share is at Rs 150.58. Likewise, its annualized EPS stands Rs 25.67 and P/E Ratio stands at 46.94 times.
Major Highlights:
|
Particulars (In Rs '000) |
KMCDB |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
100,000 |
50,000 |
100.00% |
|
Reserve & Surplus |
50,575 |
82,236 |
-38.50% |
|
Deposits |
455,948 |
283,219 |
60.99% |
|
Borrowings |
573,233 |
195,841 |
192.70% |
|
Loans & Advances |
1,110,830 |
604,398 |
83.79% |
|
Net Interest Income |
67,986 |
51,653 |
31.62% |
|
Provision for possible losses |
12,482 |
7,052 |
77.00% |
|
Operating Profit |
24,947 |
29,139 |
-14.39% |
|
Net Profit |
19,249 |
20,770 |
-7.32% |
|
NPL (%) |
1.89 |
1.83 |
3.28% |
|
Annualized EPS (In Rs.) |
25.67 |
55.39 |
-53.66% |
|
Net Worth per Share (In Rs.) |
150.58 |
264.47 |
-43.07% |
|
P/E Ratio (In times) |
46.94 |
- |
- |
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