Net Profits of Sparsha Laghubitta increases to Rs.1.56 Crore by the end of fourth quarter; other indicators show exceptional performance

Sparsha Laghubitta Bittiya Sanstha Limited (SPARS) has reported massive profit growth in the fourth quarter (Q4) of the current fiscal year 2075/76.

According to the unaudited financial report for the fourth quarter published today, the microfinance has stated that its net profit surged to Rs 1.56 crore in fourth quarter as compared to Rs 1.01 lakh in the corresponding quarter of the last fiscal year 2074/75.

The microfinance company’s borrowing has increased from Rs 32.56 crore in the corresponding quarter of the previous year to Rs 68.58 crore in the fourth quarter of the fiscal year 2075/2076.

Its net interest income has also increased to Rs 4.41 crore in the Q4 up from Rs 1.28 crore posted in the corresponding quarter of the last fiscal year.

Sparsha Laghubitta has paid up capital of Rs 8.29 crore. Its reserve has increased to Rs 1.58 crore.

SPARS’s non-performing loan has increased to 0.49% from 0.27% as stated by the fourth quarter financial report.

Its annualized Earning Per Share (EPS) stands at Rs 18.82, net worth per share at Rs 119.08 and P/E ratio at 22.58 times.