Samata Laghubitta reports 36% rise in net profit for Q1 of 2076/77; Net profit stands at Rs 28.36 lakh with annualized EPS of Rs 18.70

Samata Laghubitta Bittiya Sanstha Limited (SMATA) has published an unaudited financial report for the first quarter today. It has stated that net profit has increased by almost 36.12% to Rs 28.36 lakh in the first quarter of fiscal year 2076/77 from Rs 20.83 lakh reported in the corresponding quarter of the previous fiscal year 2075/76.

Likewise, it extended loans of Rs 1.42 arba in the review period. It has collected deposits of Rs 56.06 crore in the first quarter of the fiscal year 2076/77. It has paid-up capital of Rs 6.06 crore with a reserve of Rs 8.03 crore in Q1 of FY 2076/77.

Its net interest income has increased from Rs 1.17 crore in the corresponding quarter last year to Rs 2.33 crore in the first quarter of fiscal year 2076/77. Its operating profit has increased to Rs 14.27 lakh in Q1, from Rs 28.74 lakh in the corresponding quarter.

The annualized Earnings per Share (EPS) stand at Rs 18.70. SMATA’s non-performing loan (NPL) has increased to 2.22 percent in the first quarter. Currently, net worth per share stands at Rs 186.21.

Announcement