Swabalamban Laghubitta Earns Almost Rs. 34 Crores in Net Profits; NPL Stands at Huge 8.66 Percent; Personnel Expenses Increases
Tue, Aug 8, 2023 8:23 AM on Financial Analysis, Latest,
Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) has published its fourth-quarter report for the recently concluded financial year 2079-80, with a steady improvement in its Net profits by 21.25 percent. As of FY 2079-80’s end, the microfinance company has made Rs. 33.93 crores as opposed to only Rs. 27.99 crores that it had profited in the corresponding quarter of the financial year 2078-79.
The Deposits from Customers have improved by 6.80 percent and a total of Rs. 12.80 Arba has been received as of the end of the last quarter of fiscal year 079-080.
Meanwhile, both the Operating profit and Net Interest Income of the company have declined by 10.69 and 8.19 percent, respectively. As of FY 2079-80, the company has made Rs. 1.55 Arba and Rs. 52.50 crores in core business revenue and Operating Profits, respectively.
The impairment allocation of the company, however, has declined by a huge 52.28 percent and sums up to Rs. 35.27 crores as of the end of the recently wrapped financial year.
Similarly, up to the fourth quarter of FY 2079-80, the personnel expenses of the company increased sharply by 63.89 percent and totals Rs. 90.38 crores, which has negatively affected the profitability of the company.
In the same manner the Non-performing loan (NPL) of the company, as of FY 2079-80, stands at huge 8.66 percent.
The financial institution maintains Rs. 25.70 crores available for distribution amongst its shareholders as of Ashad 31, 2080.
With an increase in Net profits, the Earnings per Share (EPS) of the company has improved as well to stand at Rs. 26.30, alongside a slightly reduced Net worth per Share of Rs. 252.46.
SWBBL has Rs. 1.29 Arba in paid-up capital and maintains Rs. 1.96 Arba in reserves and surplus, which puts the company in a healthy financial standing.
Major Financial Highlights:
| Particulars (In Rs '000) | Swabalamban Laghubitta | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 1,290,495.50 | 1,122,170.00 | 15.00% |
| Share Premium | 868.76 | 868.76 | 0.00% |
| Retained Earnings | 582,838.11 | 473,278.90 | 23.15% |
| Reserves | 1,383,814.71 | 1,378,870.73 | 0.36 % |
| Deposits from customers | 12,805,772.00 | 11,990,533.40 | 6.80% |
| Loans & Advances to Customers | 18,293,558.22 | 18,882,518.70 | -3.12% |
| Net Interest Income | 1,558,015.30 | 1,697,049.01 | -8.19% |
| Personnel Expenses | 903,884.49 | 551,506.71 | 63.89% |
| Impairment Charges | 352,709.05 | 739,180.91 | -52.28% |
| Operating Profit | 525,098.36 | 587,975.64 | -10.69% |
| Net Profit | 339,375.04 | 279,901.37 | 21.25% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 257,060.48 | 104,366.73 | 146.30% |
| Capital Adequacy (%) | 11.45 | 13.47 | -15.00% |
| NPL (%) | 8.66 | 5.88 | 47.28 % |
| Cost of Fund (%) | 8.68 | 7.59 | 14.36% |
| EPS (In Rs.) | 26.30 | 24.94 | 5.43% |
| Net Worth per Share (In Rs.) | 252.46 | 265.13 | -4.78% |
| Base Rate (%) | 14.97 | 11.34 | 32.01% |
| Qtr end PE Ratio (times) | 34.25 | - | - |
| Qtr End Market Price | 900.6 | - | - |
