Sampada Laghubitta’s Net Profit Soars by 74.88% to Rs. 10.70 Crores in Q3; Net Interest Income at Rs. 48.33 Crores, EPS Climbs to Rs. 20.37

Sampada Laghubitta Bittiya Sanstha (SMPDA) has posted a significant net profit growth of 74.88% in the third quarter of fiscal year 2081/82, reaching Rs. 10.70 crores, compared to Rs. 6.12 crores in the same period last year.

The company’s earnings per share (EPS) increased to Rs. 20.37, a notable jump from Rs. 11.65 in Q3 of 2080/81. Backed by strong lending operations, its net interest income more than doubled by 127.54%, rising to Rs. 48.33 crores from the previous Rs. 21.24 crores.

Loans and advances to customers increased slightly by 3.22%, totaling Rs. 10.06 Arba, while customer deposits rose by 3.85% to Rs. 2.64 Arba. In contrast, borrowings declined by 3.45%, standing at Rs. 6.33 Arba.

The microfinance company recorded a sharp rise in personnel expenses, up by 93.61% to Rs. 23.47 crores. Additionally, impairment charges skyrocketed by more than 8000%, reaching Rs. 5.87 crores, compared to just Rs. 7.23 lakhs in the previous year—an indicator of elevated credit risk provisions.

Despite these rising expenses, operating profit jumped to Rs. 15.29 crores, also up by 74.88%, aligning with its bottom-line growth.

However, the company reported a negative distributable profit of Rs. 72.89 lakhs after P/L appropriation and regulatory adjustments.

Sampada Laghubitta’s capital adequacy ratio stood at 8.46%, slightly down from 8.50%, while non-performing loans (NPL) deteriorated to 6.71%, up from 4.10%.

The cost of funds improved, dropping to 7.84% from 9.90%. The company's net worth per share rose by 10.83% to Rs. 153.98.

As of the end of Q3, Sampada Laghubitta traded at Rs. 971.08 with a PE ratio of 47.68 times.

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* Figure is of the Immediate Fiscal Year Ending