Rise in Interest Expenses and Provision for Possible Losses Affects Business Volume of Swabalamban Laghubitta for Q1; Net worth Per Share at Rs. 304.55
Tue, Nov 15, 2022 1:13 PM on Latest, Financial Analysis, Stock Market,
Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) published the first-quarter report of FY 2079/2080 with a decline of 56.55% in Net Profit. As per the report published by the company, the net profit decreased to Rs. 4.59 crores as compared to Rs. 10.56 crores in the corresponding quarter of the previous year.
The borrowings of the company increased slightly by 3.28% to Rs. 5.38 Arba which was Rs. 5.21 Arba in the corresponding quarter of the previous year. The deposits of the company increased by 13.12% to Rs 12.37 arba. The company’s loans and advances have also increased by 9.42% to 19.87 Arba in this quarter.
The net interest income (core revenue) has decreased by 9.49% to Rs. 35.17 Crores compared to Rs. 38.86 Crores in the corresponding quarter of the previous year. The interest expenses has increased by 46.09% in this quarter and the provision for possible loss has also hiked by 46.10%, both of which has affected the business volume for Q1.
The paid-up capital of the company stood at Rs. 1.12 Arba in this quarter and its reserve and surplus stood at Rs. 2.29 Arba which is an increase of 19.86% in this quarter.
The company NPL declined to 3.9% from 4.98%.
Its earnings per share (EPS) stand at Rs. 16.37. The net worth per share is Rs. 304.55. The company traded at a P/E multiple of 73.93 times.
Major Highlights:
| Particulars (In Rs '000) | Swabalamban Laghubitta Bittiya Sanstha | ||
| Q1 2079/80 | Q1 2078/79 | Difference | |
| Paid Up Capital | 1,122,179 | 943,000 | 19.00% |
| Reserve & Surplus | 2,295,412 | 1,915,093 | 19.86% |
| Deposits | 12,370,082 | 10,935,785 | 13.12% |
| Borrowings | 5,386,760 | 5,215,920 | 3.28% |
| Loans & Advances | 19,872,509 | 18,161,860 | 9.42% |
| Interest Expenses | 379,884 | 260,035 | 46.09% |
| Net Interest Income | 351,734 | 388,630 | -9.49% |
| Total Operating Expenses | 253,371 | 203,458 | 24.53% |
| Provision for possible losses | 198,841 | 136,096 | 46.10% |
| Operating Profit | 3,262 | 154,412 | -97.89% |
| Write Back for Provision for possible losses | 69,564 | 13,333 | 421.76% |
| Net Profit | 45,918 | 105,679 | -56.55% |
| Capital Adequacy (%) | 12.99 | 11.70 | 11.03% |
| NPL (%) | 3.9 | 4.98 | -21.69% |
| Annualized EPS (In Rs.) | 16.37 | 44.83 | -63.49% |
| Net Worth per Share (In Rs.) | 304.55 | 303.09 | 0.48% |
| PE Ratio (times) | 73.93 | - | - |
