In the 23rd Annual General Meeting of Small Industries Development Bank of India (SIDBI), an all India Development Financial Institution, engaged in creating an integrated credit and development support ecosystem for Indian Micro, Small and Medium Enterprises (MSME), the financial results for the year ended March 31, 2021, was declared.
Financial Year 2021 vs Financial Year 2020 – SIDBI
- Operating profit (before provision) recorded a Year-on-Year (YoY) growth of 8.0% in FY21 over FY20 to Rs. 4,063 crore.
- Net profit recorded a growth of 3.6% to Rs. 2,398 crore in FY21, from Rs. 2,315 crore in FY20.
- Interest Income (NII) grew by 11.5% to Rs. 3,678 crore in FY21, from Rs. 3,299 crore in FY20.
- Non-interest income marginally decreased to Rs. 944 crore in FY21 from Rs. 1,069 crore in FY20.
- Total advances marginally declined by 5.6% (YoY) to Rs. 1,56,233 crore as of March 31, 2021, from Rs. 165,422 crore as of March 31, 2020.
Asset Quality
- Gross Non-Performing Assets (GNPA) ratio decreased by 45 bps from 0.63% to 0.18%, and Net NPA (NNPA) ratio decreased by 28 bps from 0.40% to 0.12%, as on March 31, 2021.
- Provision Coverage Ratio (PCR) was at 93.24% as on March 31, 2021, an improvement of 14.89% from March 2020 level.
Asset Quality – Table
| Gross NPA (%) | Net NPA (%) | PCR (%) | |
| FY20 | 0.63% | 0.40% | 78.35% |
| FY21 | 0.18% | 0.12% | 93.24% |
Gross NPAs decreased from Rs. 1,040.84 crore as of March 31, 2020, to Rs. 282.31 crore as of March 31, 2021, while Net NPA decreased from Rs. 658.64 crore to Rs. 185.25 crore during the same period.
Key Financial Ratios
- Net interest margin increased by 10 bps to 2.04% as on March 31, 2021 from 1.94% as on March 31, 2020.
- Cost to income ratio improved by 180 basis points to 12.11% during FY21 from 13.91% during FY20.
- Capital Adequacy Ratio as on March 31, 2021 stood at 27.49% as against 26.62% as on March 31, 2020.
- Book Value per Share increased to Rs. 388.54 in FY 2021 as against Rs. 339.13 as on FY 2020.
- Networth increased to Rs. 20,667 crore as of March 31, 2021, from Rs. 18,039 crore as of March 31, 2020.
- Earnings Per Share improve to Rs. 45.09 in FY 21 from Rs. 43.51 in FY 20.
Dislciamer : This is an official press release by SIDBI.
