Net profit of Sparsha Laghubitta rises to Rs.1.37 Crore by the end of second quarter; other indicators reflect decent growth

Sparsha Laghubitta Bittiya Sanstha Limited (SPARS) has reported massive profit growth in the second quarter (Q2) of the current fiscal year 2076/77.

According to the unaudited financial report for the second quarter published today, the microfinance has stated that its net profit surged to Rs.1.37 Crore as compared to profit of Rs.6.21 Lakh in the corresponding quarter of the last fiscal year.

Its net interest income has also increased to Rs.3.35 Crore in the Q2 up from Rs.1.22 Crore posted in the corresponding quarter of the last fiscal year.

Sparsha Laghubitta has paid up capital of Rs.9.37 Crore. Its reserve has increased to Rs.2.21 Crore. The microfinance company’s borrowing has increased from Rs.47.18 Crore in the corresponding quarter of the previous year to Rs.73.15 Crore in the second quarter of the fiscal year 2076/77.

SPARS’s non-performing loan has increased to 0.95% from 0.51% as stated by the second quarter financial report. Its annualized Earning per Share (EPS) stands at Rs.29.23, net worth per share at Rs.123.58 and P/E ratio at 23.88 times.