Swabalamban Laghubitta Sees 94.21% Profit Surge in Q2; Strong Growth in Core Revenue and Operating Profit
Wed, Jan 29, 2025 11:52 AM on Financial Analysis, Company Analysis, Latest,
Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) has posted an impressive financial performance in the second quarter of the fiscal year 2081/82, recording a substantial 94.21% increase in net profit. The company's net profit surged to Rs. 80.72 crores, up from Rs. 41.56 crores in the corresponding quarter of the previous year.
The company's net interest income witnessed a significant 20.02% growth, reaching Rs. 80.01 crores, while operating profit also saw a sharp increase of 94.21%, amounting to Rs. 11.53 crores. Despite a 12.77% rise in impairment charges to Rs. 32.98 crores, the company managed to enhance profitability.
Swabalamban Laghubitta's paid-up capital rose by 14.25% to Rs. 1.65 Arba. However, retained earnings declined by 60.11% to Rs. 10.17 Arba. The company’s borrowings decreased by 21.52% to Rs. 2.58 Arba, while loans and advances to customers slightly declined by 0.49% to Rs. 19.48 Arba.
The company's capital adequacy ratio improved by 7.40% to 12.19%, indicating a strengthened financial base. Furthermore, the Non-Performing Loan (NPL) ratio declined significantly by 27.11% to 8.28%, reflecting improved asset quality. The cost of funds also decreased by 9.06% to 8.03%.
Key financial indicators remained stable, with an annualized Earnings Per Share (EPS) of Rs. 9.75, reflecting a 69.99% increase. However, the net worth per share declined by 10.80% to Rs. 210.43. The company’s quarter-end market price stood at Rs. 870, with a Price-to-Earnings (P/E) ratio of 89.27.
Major Financial Highlights:
* Figure is of Immediate Fiscal Year Ending
| Particulars (In Rs '000) | Swabalamban Laghubitta | ||
|---|---|---|---|
| Q2 2081/82 | Q2 2080/81 | Difference | |
| Paid Up Capital | 1,656,625.00 | 1,450,000.00* | 14.25% |
| Share Premium | 868.76 | 868.76* | 0.00% |
| Retained Earnings | 101,727.86 | 255,013.97* | -60.11% |
| Reserves | 1,726,890.36 | 1,714,889.24* | 0.70% |
| Borrowings | 2,587,925.85 | 3,297,606.42* | -21.52% |
| Loans & Advances to Customers | 19,486,231.27 | 19,581,331.84* | -0.49% |
| Net Interest Income | 800,103.78 | 666,619.24 | 20.02% |
| Personnel Expenses | 413,261.53 | 427,388.00 | -3.31% |
| Impairment Charges | 329,849.84 | 292,500.96 | 12.77% |
| Operating Profit | 115,314.97 | 59,376.02 | 94.21% |
| Net Profit | 80,720.48 | 41,563.22 | 94.21% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 101,727.86 | 0.00 | - |
| Capital Adequacy (%) | 12.19 | 11.35 | 7.40% |
| NPL (%) | 8.28 | 11.36 | -27.11% |
| Cost of Fund (%) | 8.03 | 8.83 | -9.06% |
| Annualized EPS (In Rs.) | 9.75 | 5.73 | 69.99% |
| Net Worth per Share (In Rs.) | 210.43 | 235.92 | -10.80% |
| Qtr end PE Ratio (times) | 89.27 | - | - |
| Qtr End Market Price | 870 | - | - |
