Net profits of Support Microfinance increases by 103.40% till first quarter; EPS stands at Rs.9.11 with net worth per share of Rs.122.27

Support Microfinance Bittiya Sanstha Limited has published its unaudited financial report for Q1 of the FY 2076/77 with Rs.13.65 Lakhs as net profit in the quarter. The microfinance had net profit of Rs.6.76 Lakhs in the corresponding quarter of the previous year, marking an increase of 103.40%%.

It has collected Rs.14.96 Crore as deposits and has Rs.56.74 Crore as borrowings and floated loans of Rs.73.54 Crore. The paid up capital of the company is Rs.6 crore and it has reserve of Rs.1.33 Crore.

The net interest income as of the first quarter was Rs.94.02 Lakhs up from Rs.65.79 Lakhs posted in the corresponding quarter of the previous year. The operating profits stood at Rs.21.46 Lakhs by the end of the first quarter. The non-performing loans of the company increased from 1.92% posted in the corresponding quarter of previous year to 3.86% by the end of the first quarter.

Its annualized EPS is Rs.9.11; net worth per share is Rs.122.27 whereas its PE stands at 46.24 times.