S. E. Investments FY10 income up 81%, announces bonus
- Total Revenue for FY 10 is Rs. 8836.45Lacs
- Net Profit After Tax for FY 2009-10 up by 91.10% to Rs. 2633.55 Lac
- EPS for FY 10 is Rs. 47.05 per share
- Board approved the bonus issue in the ratio of 3:1 (Three shares for every one held)
S. E. Investments Ltd., BSE: (532900) / NSE (SEINVEST) a leading financial services company with particular stress on micro credit, is pleased to announce its audited results for the period ended March 31, 2010.
Revenue from operations for FY 10 stood at Rs 8836.45 lacs as against Rs 4891.16 lacs for FY 09. The Profit after Tax (PAT) for FY 10 is up by 91.10 % to Rs 2633.55 lacs as against Rs 1378.13 lacs for FY 09.
Basic EPS stands at Rs 47.05 per share with disbursements crossing Rs 52500 lacs and number of live customer accounts reaching at 199731.
The results for the Q4 FY10 show that the revenue from operations stood at Rs 2735.05 lacs as against Rs 1176.79 lacs for Q4 FY 09. Similarly, Profit after Tax (PAT) stood at Rs 777.83 lacs for Q4 FY10 as against Rs 523.78 lacs.
Announcing the results, Mr. Sunil Agarwal, Managing Director, S. E. Investments Ltd. said, “We have posted these results due to increased focus on operations and prudent cost management. We are pleased to declare excellent financial performance inspite of tough business environment and are happy to announce bonus shares for our investors in the ratio of 3:1.”
Developments during the year
- The board of directors had declared interim dividend @ 10 % on the paid up equity share capital of the company.
- Company had issued 2,450,000 Global Depository Receipts under lying 4,900,000 equity shares of Rs. 10/- each.
- The equity shares of the company were subdivided from Rs. 10/- per share to five equity shares of Rs. 2/- each by Board of Directors in their meeting held on 20th March 2010. Since the record date has been 6th April 2010, the effect of the same is not taken in the above results.
- The Board of Directors of the Company considered and approved the bonus issue in the ratio of 3:1 i.e. three shares for every one share of Rs. 2/- each held on the record date fixed as 19th May 2010.
About S. E. Investments Ltd.
Headquartered in Uttar Pradesh, S. E. Investments Ltd. (SEIL) is an upcoming financial services company that emphasizes on micro credit. SEIL promotes micro credit to Women and Self Help Groups (SHGs) in both urban and rural areas. By enhancing the employability and income of women, SEIL is alleviating the poverty and living conditions of people at both macro and micro levels.
The company has strived exposure in business loans mainly for development of small business and SME’s.
To fund its operations, SEIL has tied up with leading financial institutions of the country. Credit facilities are enjoyed from Punjab National Bank, Central Bank, ICICI, SIDBI, IREDA, HDFC Bank, HSBC and Axis Bank.
The company has also invested in alternate energy in Karnataka and Rajasthan. It has installed 3.2 MW wind energy generators in Karnataka and Rajasthan.