Swabhiman Laghubitta Shines: Net Profit Surges in the Latest Financial Results!
Swabhiman Laghubitta Financial Institution Limited has released its unaudited financial statements for the fourth quarter, and the results are truly impressive. The microfinance institution has experienced a remarkable growth spurt, with net profit soaring by a staggering 819.08%! This significant increase highlights the company’s strong performance and commitment to financial stability.
The financial report reveals that Swabhiman Laghubitta’s net profit reached an impressive Rs 7.24 crore, a substantial jump from Rs 78.72 lakh in the same period last year. This exceptional financial performance can be attributed to several key factors, showcasing the institution’s effective strategies and robust business model.
One of the primary drivers of this profitability surge was a reversal of impairment charges, totaling Rs 2.10 crore. This positive development, along with notable growth in net interest income and operating income, significantly contributed to the overall financial success. The institution has also successfully managed to reduce its non-performing loan (NPL) ratio, further demonstrating its prudent financial management.
Key Highlights from the Financial Statement:
- Net Interest Income Growth: A remarkable 86.43% increase, reaching Rs 20.51 crore. This demonstrates the institution’s ability to generate income from its core lending activities.
- Operating Income Growth: A healthy 73.96% rise, reaching Rs 23.58 crore, reflecting the efficiency of its operations.
- Impairment Charges: A significant decrease, shifting from a charge of Rs 2.28 crore to a negative Rs 1.10 crore. This suggests improved asset quality and risk management.
- NPL Ratio Improvement: A decline of 3.15 percentage points to 4.20%, showcasing improved loan recovery efforts and a healthier loan portfolio.
- Deposits and Borrowings: A total of Rs 277.78 crore mobilized.
- Loan Disbursement: Loans worth Rs 288.41 crore disbursed.
- Distributable Profit: Stands at Rs 6.03 crore.
- Earnings Per Share (EPS): Increased to Rs 47.15, offering a strong return for shareholders.
- Net Worth Per Share: Reported at Rs 187.27, reflecting the institution’s financial strength.
- Base Lending Rate: Decreased to 11.11%, with an interest rate spread of 8.75%.
This positive financial performance underscores Swabhiman Laghubitta’s commitment to sustainable growth and its strong position within the microfinance sector. The company’s management is clearly executing a successful strategy, creating value for its shareholders and contributing to the financial inclusion of the communities it serves. Investors should certainly keep an eye on this thriving financial institution!
