Swabalamban Laghubitta's Core Business Revenue Increases by 7.90% to Rs. 1.04 Arba for Q3; NPL Increased to 12.98%
Thu, May 11, 2023 11:46 AM on Latest, Financial Analysis, Stock Market,
Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) published the third-quarter report of FY 2079/2080 with a decline of 65.25% in Net Profit. As per the report published by the company, the net profit decreased to Rs. 9.87 crores as compared to Rs. 28.42 crores in the corresponding quarter of the previous year.
The borrowings of the company decreased by 23.11% to Rs. 4.21 Arba which was Rs. 5.47 Arba in the corresponding quarter of the previous year. The deposits of the company increased by 12.17% to Rs 13.03 arba. The company’s loans and advances have decreased by 5.49% to 18.49 Arba in this quarter.
The net interest income (core revenue) has increased by 7.90% to Rs. 1.04 Arba compared to Rs. 97.08 Crores in the corresponding quarter of the previous year. The provision for possible loss has also hiked by 125.73%, which affected the operating profit of the company for Q3 and ultimately suffered a operating loss of Rs.12.41 Crores.
However, the company also reported the write back of possible losses worth Rs. 28.08 Crores, which resulted in the positive net profit for this period.
The paid-up capital of the company stood at Rs. 1.29 Arba in this quarter and its reserve and surplus stood at Rs. 1.69 Arba which is an decrease of 7.87% in this quarter.
The company NPL inclined to 12.98 from 4.52%.
Its earnings per share (EPS) stand at Rs. 10.21. The net worth per share is Rs. 231.58. The company traded at a P/E multiple of 79.37 times.
Major Highlights:
| Particulars (In Rs '000) | Swabalamban Laghubitta | ||
| Q3 2079/80 | Q3 2078/79 | Difference | |
| Paid Up Capital | 1,290,495.50 | 1,122,170.00 | 15.00% |
| Reserves and Surplus | 1,698,023.53 | 1,843,162.16 | -7.87% |
| Borrowings | 4,213,306.75 | 5,479,851.93 | -23.11% |
| Deposits from Customers | 13,038,485.84 | 11,624,081.58 | 12.17% |
| Loans and Advances to Customers | 18,495,409.98 | 19,569,586.36 | -5.49% |
| Net Interest Income | 1,047,555.47 | 970,873.56 | 7.90% |
| Operating Expenses | 120,822.75 | 91,850.99 | 31.54% |
| Staff Expenses | 615,487.21 | 452,542.44 | 36.01% |
| Impairment Charges | 728,627.37 | 322,794.09 | 125.73% |
| Operating Profit | -124,140.37 | 425,137.22 | |
| Write Back | 280,868.96 | 25,998.93 | 980.31% |
| Net Profit | 98,775.96 | 284,235.75 | -65.25% |
| Capital Adequacy (%) | 9.94 | 11.52 | -13.72% |
| NPL (%) | 12.98 | 4.52 | |
| Cost of Fund (%) | 9.01 | 9.21 | -2.17% |
| EPS (In Rs.) | 10.21 | 33.77 | -69.78% |
| Net Worth per Share (In Rs.) | 231.58 | 264.25 | -12.36% |
| Qtr end PE Ratio (times) | 79.37 | - | - |
| Qtr End Market Price | 810.00 | - | - |
