Samudayik Labhubitta profit rises by 30.62% with EPS of Rs 23.94; NPL stands at 1.40%

Thu, May 2, 2019 7:07 AM on Financial Analysis, Latest,
Samudayik...

Samudayik Laghubitta Bittiya Sanstha Limited has published an unaudited financial report of the third quarter for the FY 2075/76. It has stated that net profit has increased by 30.62% to Rs 1.79 crore from Rs 1.37 crore reported in the corresponding quarter of the previous fiscal year 2074/75.

The microfinance borrowings increased from Rs 41.57 crore of Rs 45.44 crore. Likewise, it extended loans of Rs 89.75 crore from Rs 71.65 crore in the Q3 of FY 2074/75. It has paid up capital of Rs 10 crore with reserve of Rs 4.89 crore till this quarter.

Samudayik Laghubitta’s net interest income has increased from Rs 4.65 crore in the corresponding quarter of last year to Rs 5.36 crore in the third quarter of fiscal year 2075/76. Its operating profit has increased to Rs 2.82 crore till Q3, from Rs 2.15 crore in the corresponding quarter.

Currently, annualized EPS and Net worth per share stood at Rs 23.94 and Rs 148.95 respectively with P/E ratio at 27.15 times.

Major Highlights:

Particulars (In Rs '000)

Samudayik Laghubitta

Q3 2075/76

Q3 2074/75

Difference

Paid Up Capital

100,000.00

700,000.00

-85.71%

Reserve & Surplus

48,950.07

37,180.78

31.65%

Deposits

330,825.82

250,306.87

32.17%

Borrowings

454,488.25

415,744.22

9.32%

Loans & Advances

897,510.37

716,589.69

25.25%

Net Interest Income

53,667.37

46,589.39

15.19%

Provision for possible losses

4,285.47

4,602.53

-

Operating Profit

28,209.51

21,597.36

30.62%

Net Profit

17,951.50

13,743.78

30.62%

Capital Adequacy (%)

15.37

9.31

65.09%

Non Performing Loan (NPL) (%)

1.40

1.78

-21.35%

Annualized EPS (In Rs.)

23.94

2.62

814.31%

Net Worth per Share (In Rs.)

148.95

105.31

41.44%

PE Ratio (times)

27.15

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