Samata Microfinance Bittiya Sanstha Limited (SMATA) has earned net profit of Rs 22.63 lakh until the end of Q1 in this fiscal year 2074/75. As per its unaudited report, this is decrease in net profit by 57.01% as compared to the same period last year.
Samata’s main growth can be seen in its reserve which has grown to Rs 3.19 crore in Q1 compared to Rs 17.08 lakh last year. Similarly, its borrowings has also increased to Rs 25.04 crore from Rs 17.47 crore.
The company’s net interest income has increased to Rs 83.80 lakh in Q1 up from Rs 79.55 lakh in previous quarter. Its NPL has increased from 0.54% to 0.7% in Q1.
As of Q1, it has a paid up capital of Rs 3.16 crore with reserve of Rs 17.08 lakh. SMATA had announced 20% bonus shares to its shareholders from the net profit of FY 2073/74. After distribution of 20% bonus shares, its paid up capital will reach to Rs 3.79 crore.
Samata Microfinance’s EPS stands at Rs 28.64, net worth per share is at Rs 200.97 and P/E ratio at 14.35 times.
SMATA will be conducting its 4
th Annual General Meeting (AGM) on Mangsir 16, 2074. The AGM is going to be held at Hotel Icchya, Simara, Bara at 12:30 PM.
The main agendas of the AGM are:
- To endorse 20% bonus shares and 11.58% cash dividend from the net profit of FY 2073/74.
- To issue 50% right shares after distribution of 20% bonus shares.
- To increase issued and paid up capital.
- To amend the name of the company.
- To amend the Memorandum of Association (MOA) and Articles of Association (AOA).
- To conduct election for the Board of Directors (BOD).
Other agendas of the AGM are major financial highlights of the FY 2073/74 and appointment of auditor for the FY 2074/75.
The book closure date for the AGM has been set on Mangsir 1 to Mangsir 16, 2074. Thus only those shareholders owning shares till Kartik 30,2074, i.e. one day ahead of the book closure date are eligible to participate in the AGM and proposed dividends. Separate book closure date will be announced for the right shares.
Major Highlights:
| Particulars (In Rs '000) |
Samata Microfinance (SMATA) |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
31,600 |
22,120 |
42.86% |
| Reserve & Surplus |
31,907 |
1,708 |
1767.96% |
| Deposits |
158,709 |
80,189 |
97.92% |
| Borrowings |
250,412 |
174,749 |
43.30% |
| Loans & Advances |
426,533 |
274,706 |
55.27% |
| Net Interest Income |
8,380 |
7,955 |
5.34% |
| Provision for possible losses |
1,138 |
937 |
21.53% |
| Operating Profit |
2,040 |
4,994 |
-59.15% |
| Net Profit |
2,263 |
5,263 |
-57.01% |
| NPL (%) |
0.7 |
0.54 |
29.63% |
| Annualized EPS (In Rs.) |
28.64 |
95.18 |
-69.90% |
| Net Worth per Share (In Rs.) |
200.97 |
107.72 |
86.57% |
| P/E Ratio (In times) |
14.35 |
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