Samudayik Laghubitta Reveals Q4 Report With Only Rs. 4 Lakhs In Net Profits; Bad Loans at 9.05 Percent
Sun, Aug 13, 2023 9:34 AM on Latest, Financial Analysis,
Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL) has published its fourth-quarter report for the recently concluded financial year 2079-80 with a significant decline in its Net Profits by almost 100 percent. As of FY 2079-80, the microfinance company has made only Rs. 4.01 lakhs as opposed to earning Rs. 3.01 crores until the corresponding quarter of FY 2078-79.
The deposits in the financial institution have declined marginally by 3 percent totaling Rs. 55.93 crores until Q4 of FY 079-80, alongside a reduced loan disbursement of 23.70 percent, which amounts to Rs. 1.21 Arba until the same period.
The Net Interest Income of the company along with its Operating Profit has declined significantly by 20.03 for the former. As of FY 2079-80, the company has made Rs. 9.36 crores in core business revenue and has lost Rs. 2.61 crores in Operating profit.
The Non-performing Loan (NPL) of the company has climbed to 9.05 percent, as of FY 2079-80’s end.
With a decline in Net profits, the Earnings per Share (EPS) of the company has declined as well to stand at only Rs. 0.28, alongside a reduced Net worth per share of Rs. 151.58 only.
SLBSL maintains Rs. 14.52 crores in paid-up capital and Rs. 7.48 crores in reserves and surplus.
Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL) and BPW Laghubitta Bittiya Sanstha Limited (BPW) have received approval from the Nepal Rastra Bank (NRB) to proceed ahead with merger-related processes.
Major Financial Highlights:
| Particulars (In Rs '000) | Samudayik Laghubitta | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 145,200.00 | 132,000.00 | 10.00% |
| Reserve and Surplus | 74,894.58 | 90,812.50 | -17.53% |
| Deposits from customers | 559,313.66 | 576,553.66 | -2.99% |
| Loans & Advances to Customers | 1,218,510.42 | 1,597,035.40 | -23.70% |
| Net Interest Income | 93,683.64 | 117,143.73 | -20.03% |
| Staff Expenses | 81,580.96 | 65,733.86 | 24.11% |
| Impairment Charges | 28,044.14 | 5,093.28 | 450.61% |
| Operating Profit | -26,111.25 | 45,802.50 | - |
| Net Profit | 401.52 | 30,123.22 | -98.67% |
| Capital Adequacy (%) | 15.36 | 11.43 | 34.38% |
| NPL (%) | 9.05 | 5.06 | 78.85% |
| Cost of Fund (%) | 11.78 | 8.82 | 33.56% |
| EPS (In Rs.) | 0.28 | 22.82 | -98.79% |
| Net Worth per Share (In Rs.) | 151.58 | 168.80 | -10.20% |
| Base Rate (%) | 15.20 | 14.76 | 2.98% |
| Qtr end PE Ratio (times) | - | - | - |
| Qtr End Market Price | 949 | - | - |
