Reduced Core Business Leads to Decline in Net Profits for Swabhimaan Laghubitta in Q4
Sun, Aug 13, 2023 8:32 AM on Financial Analysis, Latest,
Swabhimaan Laghubitta Bittiya Sanstha Limited (SMFBS) has published its fourth-quarter report for the recently concluded financial year 2079-80 with a reduced Net profit of Rs. 2.16 crores. Until the corresponding quarter of the previous fiscal year 2078-79, the company had profited Rs. 4.03 crores, which in comparison is 46.47 percent less.
There is only negligible comparative change in the deposits and loan disbursement of the microfinance company, with it 0.50 percent and 0.81 percent, respectively. The company has accumulated Rs. 67.13 crores in deposits and Rs. 2.05 Arba in loans and advances, as of FY 2079-80.
The Net Interest Income—core business revenue stream—has declined by a significant 26.16 percent, totaling only Rs. 9.65 crores as of FY 2079-80’s end. Until the same period, the 30.34 percent reduced Operating profits amount to Rs. 3.37 crores.
With a decline in Net profits, the Earnings per Share (EPS) of the company has been reduced as well to stand at Rs. 14.79, alongside an improved Net worth per Share of Rs. 145.09.
SMFBS maintains Rs. 14.61 crores in paid-up capital and Rs. 6.58 crores in reserves and surplus as of FY 2079-80.
Major Financial Highlights:
| Particulars (In Rs '000) | Swabhiman Laghubitta | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 146,138.58 | 146,138.58 | 0.00% |
| Reserves and Surplus | 65,887.49 | 44,711.43 | 47.36% |
| Deposits | 671,346.74 | 668,015.74 | 0.50% |
| Borrowings | 1,425,011.92 | 1,327,784.78 | 7.32% |
| Loans & Advances | 2,051,070.83 | 2,067,799.19 | -0.81% |
| Net Interest Income | 96,532.79 | 130,727.73 | -26.16% |
| Staff Expenses | 72,544.18 | 64,568.15 | 12.35% |
| Impairment Charges | - | 17,390.57 | - |
| Operating Profit | 33,798.52 | 48,520.62 | -30.34% |
| Net Profit/Loss | 21,609.52 | 40,367.95 | -46.47% |
| Capital Adequacy (%) | 9.71 | 8.94 | 8.61% |
| NPL (%) | 2.96 | 1.11 | 166.67% |
| Cost of Fund (%) | 10.89 | 11.44 | -4.81% |
| Base Rate (%) | 16.64 | ||
| EPS (In Rs.) | 14.79 | 27.62 | -46.47% |
| Net Worth per Share (In Rs.) | 145.09 | 130.60 | 11.10% |
| Qtr end PE Ratio (times) | 77.77 | - | - |
| Qtr End Market Price | 1150 | - | - |
