Summit Microfinance Development Bank Limited (SMFDB) has shown diminish in net profit by 31.80 percent in the second quarter (Q2) of the current fiscal year 2074/75.
Publishing the unaudited financial report for the second quarter, the microfinance company stated that its net profit diminish to Rs 1.72 crore in the Q2 of current fiscal year 2074/75, down from Rs 2.52 crore in the corresponding period of the previous fiscal year 2073/74.
Its net interest income has also fallen from Rs 5.75 crore in corresponding quarter to Rs 5.22 crore in the second quarter.
Its paid up capital remains at Rs 17 crore with reserve of Rs 5.67 crore in Q2.
The company has borrowings of Rs 86.34 crore in the second quarter, up from Rs 41.63 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 1.33 arba in Q2 whereas in the same period last year the figure stood at Rs 93.79 crore.
Its non-performing loan (NPL) has decreased to 0.38% in Q2 from 0.43% in the previous year report.
Its annualized earning per share (EPS) stands at Rs 20.27, net worth per share at Rs 133.40 and the P/E ratio at 67.58 times.
Major Highlights:
| Particulars (In Rs '000) |
SMFDB |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
170,000 |
72,500 |
134.48% |
| Reserve & Surplus |
56,780 |
71,087 |
-20.13% |
| Deposits |
537,731 |
387,197 |
38.88% |
| Borrowings |
863,424 |
416,373 |
107.37% |
| Loans & Advances |
1,334,933 |
937,963 |
42.32% |
| Net Interest Income |
52,261 |
57,527 |
-9.15% |
| Provision for possible losses |
985 |
768 |
28.13% |
| Operating Profit |
27,075 |
39,700 |
-31.80% |
| Net Profit |
17,229 |
25,264 |
-31.80% |
| NPL (%) |
0.38 |
0.43 |
-11.63% |
| Annualized EPS (In Rs.) |
20.27 |
69.69 |
-70.92% |
| Net Worth per Share (In Rs.) |
133.40 |
198.05 |
-32.64% |
| P/E Ratio (In times) |
67.58 |
|
|
Asha Laghubitta Bittiya Sanstha Limited has published second quarter report of the ongoing FY 2074/75.
Publishing the unaudited financial report for the second quarter, the microfinance company has stated net loss of Rs 26.77 lakh which was Rs 32.69 lakh in the corresponding quarter of the FY 2073/74.
Its net interest income has also risen hugely from Rs 1.84 lakh in corresponding quarter to Rs 2.09 crore in the second quarter.
Its paid up capital remains at Rs 7 crore with negative reserve of Rs 1.36 crore.
The company has collected deposit of Rs 13.95 crore and borrowing of Rs 69.25 crore. Likewise, it has floated loans of Rs 85.33 crore.
Its non-performing loan (NPL) stands at 0.32%.
Its net worth per share stands at Rs 80.44 only.
Major Highlights:
| Particulars (In Rs '000) |
Asha Laghubitta |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
70,000 |
70,000 |
0.00% |
| Reserve & Surplus |
(13,693) |
(3,717) |
268.39% |
| Deposits |
139,578 |
1,876 |
7340.19% |
| Borrowings |
692,559 |
92,123 |
651.78% |
| Loans & Advances |
853,392 |
30,595 |
2689.32% |
| Net Interest Income |
20,917 |
184 |
11267.93% |
| Provision for possible losses |
5,389 |
309 |
1644.01% |
| Operating Profit |
(2,743) |
(3,269) |
-16.09% |
| Net Profit |
(2,677) |
(3,269) |
-18.11% |
| NPL (%) |
0.32 |
- |
#VALUE! |
| Annualized EPS (In Rs.) |
(7.65) |
(9.34) |
-18.11% |
| Net Worth per Share (In Rs.) |
80.44 |
94.69 |
-15.05% |
| P/E Ratio (In times) |
- |
|
|
