Financial performance highlights for Small Industries Development Bank of India (SIDBI), the all-India financial institution engaged in creating an integrated credit and development support ecosystem for Indian Micro, Small, and Medium Enterprises (MSME).

9 months of FY21 vs9 months of FY20

ü  Net profit recorded a tremendous growth of 38.4% to Rs. 2,165 crore from Rs. 1,564 crore.

ü  Operating profit (before provision) recorded a growth of 14.6% which increased to Rs. 3,301 crore from Rs. 2,880 crore.

ü  Networth of the bank increased to Rs. 20,694 crore from Rs. 16,941 crore.

ü  Net Interest Income (NII) grew at 22.3% to Rs. 2,898crorefrom Rs. 2,370 crore.

ü  Net Interest Margin (annualized) increased to 2.27% from 1.94%.

ü  Earnings per share increased to Rs. 40.70 from Rs. 29.41.

ü  Capital Adequacy Ratio (CAR) improved to 29.04% from 24.79%.

ü  Return on Capital Employed increased to 10.45% from 9.08%.

Asset Quality

ü  Gross Non-Performing Assets (GNPA)decreasedto Rs. 669 crore (0.47%) from Rs. 1,550 crore (0.97%).

ü  Net NPA (NNPA) reduced to Rs. 114 crore (0.08%) from Rs. 884 crore (0.56%).

ü  Provision Coverage Ratio (PCR) was increased to 96% from 72%.

Third-quarter (October 2020 – December 2020) FY21vsthird quarter (October 2019 – December 2019) FY20

ü  Net profit recorded a growth of9% to Rs. 630crore in Q3FY21 from Rs. 578crore in Q3FY20.

ü  Non-interest income increased by 16.7% to Rs. 154crore in Q3FY21 from Rs. 132crore in Q3FY20.

ü  NII improved by 3% to Rs.840crore in Q3FY21 from Rs.816crore in Q3FY20.

Quote of Shri V. Satya Venkata Rao, Deputy Managing Director, SIDBI:

“The credit growth to the MSME sector has been strong despite the impact of the COVID-19 pandemic and this has helped us to achieve encouraging financial performance.”