Samata Laghubitta reports increment in net profit in Q3; Company's trading is halted due to merger process with gharelu Laghubitta
Sat, Apr 24, 2021 8:12 AM on Company Analysis, Latest,
Samata Laghubitta Bittiya Sanstha Limited (SMATA) has published an unaudited financial report for the third quarter today. It has stated that net profit has increased by 95.03% to Rs 6.60 crore in the third quarter of the fiscal year 2077/78 from Rs 3.38 crore reported in the corresponding quarter of the previous fiscal year 2076/77.
Likewise, it extended loans of Rs 2.23 Arba in the review period. It has collected deposits of Rs 82.70 crore in the third quarter of the fiscal year 2077/78.
It has paid-up capital of Rs 22.93 crore with a reserve of Rs 13.50 crore in Q3 of FY 2077/78.
Its net interest income has increased from Rs 7.22 crore in the corresponding quarter last year to Rs 11.64 crore in the third quarter of the fiscal year 2077/78.
The annualized Earnings per Share (EPS) stand at Rs 38.38. SMATA’s non-performing loan (NPL) has increased to 3.75% in the third quarter. Currently, net worth per share stands at Rs 158.87.
Due to the company's merger process with Gharelu Laghubitta Bittiya Sanstha Limited, the trading has been halted.
Major Highlights:
|
Particulars |
Samata Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q3, 2077/2078 |
Q3, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
229,340.16 |
191,116.80 |
20.00% |
|
Reserve & Surplus |
135,011.30 |
99,520.31 |
35.66% |
|
Borrowings |
1,368,404.04 |
788,972.31 |
73.44% |
|
Deposits |
827,044.70 |
638,956.28 |
29.44% |
|
Loans & Advances |
2,237,540.55 |
1,653,522.09 |
35.32% |
|
Net Interest Income |
116,463.20 |
72,202.33 |
61.30% |
|
Provision for possible Losses |
404.98 |
10,291.51 |
- |
|
Write Back of Provision |
- |
- |
- |
|
Net Profit |
66,008.80 |
33,845.66 |
95.03% |
|
Capital Adequacy (%) |
15.06% |
17.31% |
- |
|
NPL (%) |
3.75% |
2.11% |
- |
|
Cost of fund (%) |
6.00% |
11.97% |
- |
|
EPS (Rs.) |
38.38 |
23.61 |
- |
|
Net worth per share (Rs.) |
158.87 |
152.07 |
- |
|
Qtr end PE ratio (Times) |
17.20 |
- |
- |
|
Qtr End Market Price |
660 |
- |
- |
