High provision leads to 42.64% decline in net profit of Samudayk Laghubitta in Q4; EPS stands at Rs 13.23

Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL) has posted a net profit of Rs.1.32 crores till the fourth quarter of the FY 2076/2077. The profit of the microfinance has decreased by 42.64% compared to the corresponding quarter of the previous year. Despite a 10.58% increase in net interest income (core business revenue) of the company, higher provisioning led to a decrease in the bottom line of the company.

As of Q4 2076/2077, SLBSL’s borrowings stood at Rs. 56.20 crores. It has floated loans of Rs. 1.10 Arba with 24.14% growth. The company’s net interest income stood at Rs. 8.40 crores which is an increment of 10.58% compared to Rs. 7.60 crores of Q4, 2075/2076.

Its paid-up capital stood at Rs.10 crores with net worth per share of Rs. 188.19. The company’s Reserve and surplus increased by 16.61% and stands at Rs. 8.81 crores.

The EPS of the company stands at Rs. 13.23 and Non-performing loan (NPL) increased to 3.58% in Q4, 2076/2077. Likewise, the company’s capital adequacy ratio (CAR) stands at 13.13% and the P/B ratio at 5.07 times.

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Major Highlights