Sana Kisan Bikas Laghubitta Posts 22.77% Surge in Q4 Net Profit to Rs. 94.96 Crore; Core Revenue Jumps 31.44%
Mon, Aug 12, 2024 10:51 AM on Latest, Financial Analysis, Company Analysis,
Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) has reported strong financial results for the fourth quarter of FY 2080/2081, with net profit rising by 22.77% to Rs. 94.96 crore, up from Rs. 77.35 crore in the same period last year. This significant growth was driven by a 31.44% increase in core revenue, with net interest income reaching Rs. 2.19 Arba, compared to Rs. 1.66 Arba in the previous year.
Despite a 14.07% decline in its loan and advance portfolio to Rs. 38.12 Arba, SKBBL saw a 4.40% increase in borrowings, totaling Rs. 20.14 Arba. The financial report also highlighted impairment charges of Rs. 43.65 crore for the quarter.
SKBBL's financial position remains with a paid-up capital of Rs. 3.806 Arba, retained earnings of Rs. 1.72 Arba, and reserves and surplus amounting to Rs. 3.91 Arba.
The company’s annualized earnings per share (EPS) stood at Rs. 24.95, with a net worth per share of Rs. 248.81. SKBBL shares were traded at a price-to-earnings (P/E) multiple of 34.22 times during the period, and the company reported a distributable profit of Rs. 1.72 Arba.
Major Highlights:
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | Sana Kisan Bikas Laghubitta | ||
|---|---|---|---|
| Q4 2080/81 | Q4 2079/80 | Difference | |
| Paid Up Capital | 3,806,373.80 | 3,331,618.20* | 14.25% |
| Share Premium | 18,269.71 | 18,269.71* | 0.00% |
| Retained Earnings | 1,729,779.31 | 1,685,135.98* | 2.65% |
| Reserves | 3,916,043.94 | 3,598,881.96* | 8.81% |
| Borrowings | 20,146,222.37 | 19,297,396.20* | 4.40% |
| Loans & Advances to MFIs & Cooperatives | 38,123,180.34 | 44,366,878.24* | -14.07% |
| Net Interest Income | 2,193,126.38 | 1,668,593.34 | 31.44% |
| Personnel Expenses | 287,725.63 | 270,991.47 | 6.18% |
| Impairment Charges | 436,504.16 | 178,844.76 | 144.07% |
| Operating Profit | 1,356,692.88 | 1,126,899.96 | 20.39% |
| Net Profit | 949,698.75 | 773,566.91 | 22.77% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 1,729,779.31 | 1,685,135.98 | 2.65% |
| Capital Adequacy (%) | 14.79 | 15.74 | -6.04% |
| NPL (%) | 2.18 | 0.61 | 257.38% |
| Cost of Fund (%) | 5.32 | 4.78 | 11.30% |
| EPS (In Rs.) | 24.95 | 23.22 | 7.46% |
| Net Worth per Share (In Rs.) | 248.81 | 259.15 | -3.99% |
| Qtr end PE Ratio (times) | 34.22 | - | - |
| Qtr End Market Price | 853.7 | - | - |
