Sana Kisan Bikas Laghubitta Core Business Revenue Increases by 43.89% in Q1; EPS at Rs. 59.52
Tue, Nov 15, 2022 1:20 PM on Latest, Financial Analysis, Stock Market,
Sana Kisan Bikas Laghubitta Bittiya Sastha Limited (SKBBL) has published its first-quarter report for the FY 2079/2080 with an impressive increment in Net Profit by 41.83%. SKBBL's net profit has increased from Rs. 16.40 Crore in the fourth quarter of FY 2078/2079 to Rs. 23.27 Crore in the first quarter of FY 2079/2080.
In the same quarter, the company has Rs 14.43 crores as distributable profit after PL Appropriation and Regulatory Adjustments. This amount can be used for distributing dividends.
Microfinance’s borrowings increased by 27% to Rs. 17.77 arba whereas loans and advances to MFIs and Cooperative increased by 22.77% to Rs. 29.89 arba till the first quarter.
SKBBL's Net Interest Income (core business income) has increased by 43.89% to Rs. 43.09 Crores compared to the corresponding quarter of the previous year.
The company’s paid-up capital stands at Rs. 1.56 Arba with Rs. 2.83 Arba in Reserve and surplus. The Non-performing loan (NPL) is at 0.75%.
The earnings per share (EPS) stood at Rs. 59.52 and Net worth per share stood at Rs. 282.20. The company traded at a P/E multiple of 17.10 times.
Major Highlights:
| Particulars (In Rs '000) | Sana Kisan Bikas Laghubitta | ||
|---|---|---|---|
| Q1 2079/80 | Q1 2078/79 | Difference | |
| Paid Up Capital | 1,564,413.73 | 1,251,530.96 | 25.00% |
| Share Premium | 18,269.71 | 18,269.71 | 0.00% |
| Retained Earnings | 1,393,373.02 | 1,267,981.19 | 9.89% |
| Reserve & Surplus | 1,438,790.00 | 1,222,625.47 | 17.68% |
| Borrowings | 17,770,871.66 | 13,993,100.22 | 27.00% |
| Deposits | 1,329,455.73 | ||
| Loans & Advances to MFIs & Cooperatives | 29,893,448.26 | 24,349,799.08 | 22.77% |
| Net Interest Income | 430,934.00 | 299,547.97 | 43.86% |
| Staff Expenses | 61,708.20 | 45,974.43 | 34.22% |
| Impairment Charges | 20,691.96 | 7,508.08 | - |
| Operating Profit | 331,994.38 | 234,457.80 | 41.60% |
| Net Profit | 232,779.34 | 164,130.94 | 41.83% |
| Distributable Profit | 144,323.19 | ||
| Capital Adequacy (%) | 13.54 | 13.45 | 0.67% |
| NPL (%) | 0.75 | 0.66 | - |
| Cost of Fund (%) | 4.18 | 3.27 | 27.83% |
| EPS (In Rs.) | 59.52 | 52.46 | 13.46% |
| Net Worth per Share (In Rs.) | 282.20 | 300.46 | -6.08% |
| Qtr end PE Ratio (times) | 17.10 | - | - |
| Qtr End Market Price | 1018 | - | - |
