Samata Microfinance reports Rs 20.84 lakh net profit in Q1; EPS and Net worth per share stand at Rs 21.98 and Rs 163.01 respectively

Tue, Oct 30, 2018 7:55 AM on Financial Analysis, Latest, Stock Market,

Samata Microfinance Bittiya Sansthan Limited (SMATA) has published unaudited financial report for the first quarter today. It has stated that net profit has significantly increased to Rs 20.84 Lakh in first quarter of fiscal year 2075/76 from Rs 14.40 lakh reported in the corresponding quarter of the previous fiscal year 2074/75.

Likewise, it extended loans of Rs 82.74 crore from Rs 42.65 crore. It has collected deposits of Rs 30.72 crore in the first quarter of the fiscal year 2075/76. It has paid up capital of Rs 3.79 crore with reserve of Rs 2.38 crore in Q1.

Its net interest income has increased from Rs 83.80 lakh in the corresponding quarter last year to Rs 1.17 crore in the first quarter of fiscal year 2075/76. Its operating profit has increased to Rs 28.74 lakh in Q1, from Rs 20.40 lakh in corresponding quarter.

Annualized Earnings per Share (EPS) stand at Rs 21.98. SMATA’s non-performing loan (NPL) has increased to 7.82 percent in the first quarter. Currently, Net worth per share stands at Rs 163.01.

Highlights:

Particulars (In Rs '000)

SMATA

Q1 2075/76

Q1 2074/75

Difference

Paid Up Capital

37,920

31,600

20.00%

Reserve & Surplus

23,894

31,907

-25.11%

Deposits

307,255

158,709

93.60%

Borrowings

476,083

250,412

90.12%

Loans & Advances

827,423

426,533

93.99%

Net Interest Income

11,703

8,380

39.66%

Provision for possible losses

3,390

1,138

197.83%

Operating Profit

2,874

2,040

40.89%

Net Profit

2,084

1,440

44.71%

NPL (%)

7.82

7.31

6.98%

Annualized EPS (In Rs.)

21.98

18.23

20.59%

Net Worth per Share (In Rs.)

163.01

200.97

-18.89%

P/E Ratio (In times)

67.69