Sana Kisan publishes Q3 report for 2074/75; Reserve twice the paid-up capital

Sana Kisan Bikas Bank has publeshed the 3rd quarter report for the fy 2074/75. 

As per the report, the company has earned a net profit of Rs 27.84 crores. This is 15.85% more then that earned in the corresponding quarter of the previous fy. The bank currently has an astounding EPS of Rs 59.04

Sana Kisan being a wholesale microfinance, needs to have a paid-up capital of Rs 60 crores by mid july 2018. The company currently has a paid-up capital of Rs 62.88 crores, showing that the company has already met the paid-up requirement. In terms of Reserves, sana kisan has hefty Rs 1.25 arba in its reserve. This is almost twice the paid-up capital. SKBBL has a networth per share of Rs 299.81

Being a microfinance, the company lends out of the borrowed fund. SKBBL's borrowing has escalated to Rs Rs 14.04 arba from Rs 11.37 arba last year. Similarly, a significant growth is seen in lending as company has extended a loan of Rs 16.45 arba, up from Rs 13.48 arba last year. 

In terms of profit and loss report, this microfinance was no different from other BFIs as skbbl also suffered from rising interest rates. As a result, net interest income growth slowed down to merely 15%. The company has write back Rs 1.18 crores this year , against no write back last year. Sana kisan has provisoned Rs 4.42 crores this year. This is 27% more then that set aside last year.       

Key Ratios:

EPS                : Rs 59.04
Networth         : Rs 299.81
P/E Ratio        : 19.22 times

P/B Ratio        : 3.78 times

NPL                 : 0.13%

CAR                 :10.36%

Cost of Fund    : 5.69%