Sana Kisan Bikas Laghubitta (SKBBL) Reports Net Profit Of Rs 61.49 Crores [Q4 Report]

August 10, 2021 | Investopaper

Sana Kisan Bikas Laghubitta (SKBBL), one of the leading wholesale microfinance of Nepal, has published the unaudited fourth-quarter report of the fiscal year 2077/78. The report shows a decent growth in profit by 12 percent despite the current COVID-19 turmoil in the economy. Sana Kisan Laghubitta earned a profit of Rs. 61.49 crores in the fiscal year 2077/78. In the previous fiscal year, the net profit stood at Rs. 54.82 crores. The profit has increased despite the provision of Rs 30.80 crores for the possible losses.

The growth in net profit is mainly due to the rise in net interest income and writeback of provision. SKBBL earned a net interest income of Rs. 121.69 crores, up from Rs. 111.62 crores of the previous year.

With the rise in profit, Sana Kisan Laghubitta has a satisfactory Earnings Per Share (EPS) of Rs 49.14. Likewise, the per-share net-worth is at an impressive Rs 285.87


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Sana Kisan Bikas Laghubitta -Major Financial Indicators For FY 2077/78

Paid Up Capital: Rs 125.15 crores

Reserve and Surplus: Rs 232.62 crores

Borrowings: Rs 20.31  Arba

Loans & Advances: Rs 24.53 Arba

Net Interest Income: Rs 121.69 crores

Operating Profit: Rs 77.40 crores

Net Profit: Rs 61.49 crores

Non-Performing Loans (NPL): 0.69%

Cost Of Funds: 3.08%

Earnings Per Share (EPS): Rs 49.14

Networth Per Share: Rs 285.87


Also Read: Comparative study of 4 wholesale microfinance of Nepal


The fourth-quarter report of Sana Kisan Bikas Laghubitta (SKBBL) is summarized in the table below:

Financial Highlights of Sana Kisan Bikas Laghubitta (SKBBL), FY 2077/78

Financial Indicators 4th Qtr, F.Y. 2077/78 4th Qtr, F.Y. 2076/77 Percent Change
Paid-up capital (Rs. ‘crores’) 125.15 100.02 25.12
Reserve and Surplus (Rs. ‘crores’) 232.62 197.41 17.84
Borrowings (Rs. ‘Arba’) 20.31 19.42 4.58
Loans & Advances (Rs. ‘Arba’) 24.53 21.37 14.79
Net Interest Income (Rs. ‘crores’) 121.69 111.62 9.02
Operating Profit (Rs. ‘crores’) 77.4 82.15 -5.78
Net Profit (Rs. ‘crores’) 61.49 54.82 12.17
Non Performing Loans, NPL (%) 0.69 0.68 1.47
Cost of Funds (%) 3.08 5.66 -45.58
Earnings Per Share, EPS (Rs.) 49.14
Networth Per Share ( Rs.) 285.87
Market Price Per Share (Rs.) [Ashad end, 2078 BS] 1640
P/E Ratio 33.37

Source: Unaudited Q4 Report, FY 2077/78


Note:

The above figures are based on the un-audited 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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