Samata Microfinance reports an staggering rise of 18.25% in net profit of Q2; EPS stands at Rs 25.38 with NPL of 0.64%

Sun, Jan 27, 2019 10:09 AM on Financial Analysis, Latest, Stock Market,

Samata Microfinance Bittiya Sansthan Limited (SMATA) has published unaudited financial report for the second quarter today. It has stated that net profit has significantly increased to Rs 72.18 lakh in second quarter of fiscal year 2075/76 from Rs 25.76 lakh reported in the corresponding quarter of the previous fiscal year 2074/75.

Likewise, it extended loans of Rs 1.02 arba from Rs 50.67 crore in the review period. It has collected deposits of Rs 36.72 crore in the second quarter of the fiscal year 2075/76. It has paid up capital of Rs 5.69 crore with reserve of Rs 3.78 crore in Q2 of FY 2075/76.

Its net interest income has increased from Rs 1.73 crore in the corresponding quarter last year to Rs 2.84 crore in the second quarter of fiscal year 2075/76. Its operating profit has increased to Rs 1 crore in Q2, from Rs 26.79 lakh in corresponding quarter.

Annualized Earnings per Share (EPS) stand at Rs 25.38. SMATA’s non-performing loan (NPL) has decreased to 0.64 percent in the second quarter. Currently, Net worth per share stands at Rs 166.47.

Highlights:

Particulars (In Rs '000) SMATA
  Q1 2075/76 Q2 2074/75 Difference
Paid Up Capital 56,880 37,920 50.00%
Reserve & Surplus 37,809 14,279 164.78%
Deposits 367,187 185,785 97.64%
Borrowings 584,196 299,820 94.85%
Loans & Advances 1,025,182 506,641 102.35%
Net Interest Income 28,369 17,324 63.76%
Provision for possible losses 9,927 4,272 132.36%
Operating Profit 10,001 2,679 273.28%
Net Profit 7,218 2,576 180.25%
NPL (%) 0.64 1.32 -51.52%
Annualized EPS (In Rs.) 25.38    
Net Worth per Share (In Rs.) 166.47    
P/E Ratio (In times) 43.78