Suryodaya Womi Laghubitta Reports 13 Percent Decline In Net Profit [Q4 Report]

August 1, 2022 | Investopaper

Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) has reported a 13 percent decline in net profit in the fiscal year 2078/79. As per the unaudited fourth quarter report, the microfinance earned Rs 13.96 crores in profit in the FY 2078/79. In the previous fiscal year 2077/78, the net profit stood at Rs 16.05 crores.

As of Ashad’s end 2079 BS, Suryodaya Womi Laghubitta has a paid-up capital of Rs 79.19 crores.. Likewise, the reserve and surplus stand at Rs 55.87 crores. The microfinance has floated the total loans and advances of Rs 10.73 Arba which is 136 percent higher than the same period of the previous year.

The non-performing loans (NPL) has inclined to 3.46 percent. Likewise, the cost of the funds of the microfinance has sharply risen to 10.37 percent. Looking into the per share ratios, EPS and per share net-worth of Suryodaya Womi Laghubitta are at Rs 17.63 and Rs 170.55 respectively.

Major Financial Indicators of Suryodaya Womi Laghubitta (SWMF), FY 2078/79

Paid up capital: Rs  79.19 crores

Reserve and Surplus: Rs 55.87 crores

Borrowings: Rs 5.7 Arba

Deposits: Rs 4.27 Arba

Loans & Advances: Rs 10.73 Arba

Net Interest Income: Rs 46.76 crores

Operating Profit: Rs 18.79 crores

Net Profit: Rs 13.96 crores

Non Performing Loans (NPL): 3.46 percent

Cost of Funds: 10.37 percent

Earnings Per Share: Rs 17.63

Networth Per Share: Rs 170.55

Also Read:

Womi Laghubitta Merges With Suryodaya Laghubitta

Top 5 Microfinance Companies In Nepal

The unaudited fourth quarter report of Suryodaya Womi Laghubitta is also summarized in the table below:

Suryodaya Womi Laghubitta (SWMF): Report Summary, FY 2078/79

Financial Indicators FY 2078/79 FY 2077/78 Percent Change
Paid up capital (Rs.’crores’) 79.19 41.19 92.26
Reserve and Surplus (Rs.’crores’) 55.87 29.48 89.52
Borrowings (Rs.’Arba’) 5.7 2.12 168.87
Deposits (Rs.’Arba’) 4.27 1.63 161.96
Loans & Advances (Rs.’Arba’) 10.73 4.54 136.34
Net Interest Income (Rs.’crores’) 46.76 32.1 45.67
Operating Profit (Rs.’crores’) 18.79 22.39 -16.08
Net Profit (Rs.’crores’) 13.96 16.05 -13.02
Non Performing Loans, NPL (%) 3.46 2.08 66.35
Cost of Funds (%) 10.37 7.05 47.09
Earnings Per Share, EPS (Rs.) 17.63
Networth Per Share ( Rs.) 170.55
Market Price Per Share (Rs.) [Ashad end, 2079 BS] 783.00
P/E Ratio 44.41

Source: Unaudited Q4 Report, FY 2078/79


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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