Sadhana Laghubitta Posts Net Profit Of Rs. 11.61 Crores In FY 2078/79 [Q4 Report]
July 31, 2022 | Investopaper
Sadhana Laghubitta Bittiya Sanstha Limited (SDLBSL) has delivered a decent performance in the fiscal year 2078/79. The company has reported a slight decline in net profit. As per the unaudited fourth quarter report, the microfinance earned Rs 11.61 crores in profit in the FY 2078/79. In the previous fiscal year 2077/78, the net profit stood at Rs 11.70 crores.
As of Ashad’s end 2079 BS, Sadhana Laghubitta has a paid-up capital of Rs 32.12 crores.. Likewise, the reserve and surplus stand at Rs 17.57 crores. The microfinance has floated the total loans and advances of Rs 5.39 Arba which is 65 percent higher than the same period of the previous year.
The non-performing loans (NPL) has declined to 1.92 percent. However, the cost of the funds of the microfinance has sharply inclined to 10.4 percent. Looking into the per share ratios, EPS and per share net-worth of Sadhana Laghubitta are at Rs 36.15 and Rs 154.7 respectively.
Major Financial Indicators of Sadhana Laghubitta, FY 2078/79
Paid up capital: Rs 32.12 crores
Reserve and Surplus: Rs 17.57 crores
Borrowings: Rs 3.68 Arba
Deposits: Rs 1.34 Arba
Loans & Advances: Rs 5.39 Arba
Net Interest Income: Rs 28.87 crores
Operating Profit: Rs 14.8 crores
Net Profit: Rs 11.61 crores
Non Performing Loans (NPL): 1.92 percent
Cost of Funds: 10.4 percent
Earnings Per Share: Rs 36.15
Networth Per Share: Rs 154.7
Also Read: Top 5 Microfinance Companies In Nepal
The unaudited fourth quarter report of Sadhana Laghubitta is also summarized in the table below:
Sadhana Laghubitta (SDLBSL): Report Summary, FY 2078/79
| Financial Indicators | FY 2078/79 | FY 2077/78 | Percent Change |
| Paid up capital (Rs.’crores’) | 32.12 | 25.69 | 25.03 |
| Reserve and Surplus (Rs.’crores’) | 17.57 | 13.43 | 30.83 |
| Borrowings (Rs.’Arba’) | 3.68 | 2.75 | 33.82 |
| Deposits (Rs.’Arba’) | 1.34 | 0.83 | 61.45 |
| Loans & Advances (Rs.’Arba’) | 5.39 | 3.26 | 65.34 |
| Net Interest Income (Rs.’crores’) | 28.87 | 24.26 | 19.00 |
| Operating Profit (Rs.’crores’) | 14.8 | 15.2 | -2.63 |
| Net Profit (Rs.’crores’) | 11.61 | 11.7 | -0.77 |
| Non Performing Loans, NPL (%) | 1.92 | 2.02 | -4.95 |
| Cost of Funds (%) | 10.4 | 5.04 | 106.35 |
| Earnings Per Share, EPS (Rs.) | 36.15 | ||
| Networth Per Share ( Rs.) | 154.7 | ||
| Market Price Per Share (Rs.) [Ashad end, 2079 BS] | 1,120.00 | ||
| P/E Ratio | 30.98 |
Source: Unaudited Q4 Report, FY 2078/79
Note:
The above figures are based on the unaudited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.
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About Sadhana Laghubitta Bittiya Sanstha Limited
Sadhana Laghubitta was registered as the public company on Jestha 31, 2074 BS. In Karthik 13, 2074 BS, the microfinance received approval from Nepal Rastra Bank to operate in 10 districts. In Mangsir 11, 2076 BS, the company upgraded itself into the national level microfinance.
The head office is located at Gorkha Municipality 6, Haramtari, Gorkha.
Sadhana Laghubitta acquired Samridhhi Laghubitta Bittiya Sanstha Limited. They started a joint operation from Ashad 30, 2076 BS. After the acquisition, the microfinance upgraded into national level ‘D’ class microfinance institution.
The microfinance currently operates in 31 districts through its 93 branch offices. It has more than 99,497 members. Mr. Resham Neupane leads the company as the chief executive officer (CEO). Mr. Krishna Bahadur Thapa is the chairman of the board of directors.
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