Shrijanshil Laghubitta Turns Profitable in Q1 with Rs. 2.39 Crore Net Profit; Annualized EPS Reaches Rs. 87.43
Wed, Nov 13, 2024 10:49 AM on Latest, Financial Analysis, Company Analysis,
Shrijanshil Laghubitta Bittiya Sanstha Limited (SHLB) has posted impressive Q1 financial results for the fiscal year 2081/82, recording a net profit of Rs. 2.39 Crores. This marks a substantial recovery from the net loss of Rs. 8.04 Crores reported in the same period last fiscal year.
The company's net interest income surged by 132.65%, reaching Rs. 2.38 Crores compared to Rs. 1.02 Crores in Q1 of the previous fiscal year. The operating profit also turned positive at Rs. 3.41 Crores, a marked improvement from the negative Rs. 8.04 Crores seen last year.
SHLB’s lending activities expanded, with loans and advances to customers rising by 5.80% to Rs. 2.37 Arba. Deposits grew slightly by 2.36% to Rs. 86.84 Crores, while total borrowings amounted to Rs. 1.42 Arba.
Shareholders saw a remarkable turnaround in earnings metrics: annualized earnings per share (EPS) improved to Rs. 87.43, a significant leap from the negative Rs. 294.25 last year, and the net worth per share stood at Rs. 264.18. The quarter ended with a price-to-earnings (PE) ratio of 22.30, while the market price per share closed at Rs. 19.50.
Major Highlights:
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | Shrijanshil Laghubitta | ||
|---|---|---|---|
| Q1 2081/82 | Q1 2080/81 | Difference | |
| Paid Up Capital | 109,375.00 | 109,375.00* | 0.00% |
| Share Premium | 0.00 | 0.00 | - |
| Retained Earnings | 45,409.32 | 38,685.73* | 17.38% |
| Reserves | 134,164.85 | 142,906.06* | -6.12% |
| Loans & Advances to Customers | 2,371,064.07 | 2,241,136.47* | 5.80% |
| Borrowings | 1,422,371.26 | 1,106,893.34* | 28.50% |
| Deposits | 868,497.62 | 848,481.49* | 2.36% |
| Net Interest Income | 23,829.66 | 10,242.62 | 132.65% |
| Personnel Expenses | 25,859.25 | 25,592.91 | 1.04% |
| Impairment Charges/Reversal for loans and Advances | 9,290.85 | 64,942.49 | -85.69% |
| Operating Profit | 34,152.06 | -80,458.30 | - |
| Net Profit | 23,906.44 | -80,458.30 | - |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 18,647.02 | 0.00 | - |
| Capital Adequacy (%) | 10.63 | 5.00 | 112.60% |
| NPL (%) | 7.47 | 13.44 | -44.42% |
| Cost of Fund (%) | 8.39 | 11.13 | -24.62% |
| Annualized EPS (In Rs.) | 87.43 | -294.25 | - |
| Net Worth per Share (In Rs.) | 264.18 | 266.03 | -0.69% |
| Qtr end PE Ratio (times) | 22.30 | - | - |
| Qtr End Market Price | 1950 | - | - |
