Samudayik Laghubitta earns Rs 1.60 crore & Mithila Laghubitta earns Rs 95.87 lakh net profit in the Q4; EPS stands at Rs 22.89 & Rs 14.53 respectively

Fri, Aug 17, 2018 2:52 PM on Financial Analysis, Latest, Stock Market,

Samudayik Laghubitta Bittiya Sanstha Limited has posted massive growth in net profit by 164.90% to Rs 1.60 crore in the fourth quarter (Q4) of fiscal year 2074/75.

Publishing the unaudited financial report for the fourth quarter today, the microfinance institution has stated that its operating profit has also increased to Rs 2.51 crore in Q4 from Rs 1.05 crore in the corresponding quarter of the last fiscal year.

The micro finance institution’s borrowing remains to be Rs 39.57 crore and has collected Rs 26.91 crore in deposits.

Likewise, it has extended loans and advances of Rs 73.46 crore in Q4 of FY 2074/75 whereas in the same period last year the figure stood at Rs. 53 crore.

It has a paid up capital of Rs 7 crore and has Rs 3.16 crore in reserve and surplus.

Its non- performing loan (NPL) has decreased to 1.07 % in Q4 from 1.09 % in the fourth quarter of the last fiscal year.

Its earning per share (EPS) has increased to Rs 22.89 in Q4 from Rs 8.64 previous year. Its net worth per share stands at Rs 145.15.

Major Highlights:

Particulars (In Rs '000)

Samudayik

Q4 2074/75

Q4 2073/74

Difference

Paid Up Capital

70,000

70,000

0.00%

Reserve & Surplus

31,608

15,654

101.92%

Deposits

269,114

201,223

33.74%

Borrowings

395,798

319,151

      24.02%

Loans & Advances

734,624

530,031

38.60%

Net Interest Income

63,064

60,201

4.75%

Provision for possible losses

4,135

1,073

285.31%

Operating Profit

25,181

10,579

138.04%

Net Profit

16,025

6,049

164.90%

NPL (%)

1.07

1.09

-1.83%

Annualized EPS (In Rs.)

22.89

8.64

164.90%

Net Worth per Share (In Rs.)

145.15

122.36

18.63%

Mithila Laghubitta Bikas Bank (MLBBL) has posted increase in its net profit by 12.38% in the fourth quarter of the current fiscal year.

As per the unaudited financial report published today, the microfinance company has stated that its net profit has increased to Rs 95.87 lakh in Q4 of the FY 2074/75 from Rs 85.31 lakh of the corresponding quarter.

Its provision for possible losses has also increased by 29.92% to Rs 79.71 lakh.

It has total deposit of Rs 17.37 crore and has floated loans of Rs 61.75 crore.

It has a paid up capital of Rs 6.59 crore and Rs 1.66 crore in the reserve.

Its NPL stands at 3.42% which is an increment from previous year’s 3.20%.

Its EPS stands at Rs 14.53 and Net worth per share is Rs 125.26.

Major Highlights:

Particulars (In Rs '000)

MLBBL

Q4 2074/75

Q4 2073/74

Difference

Paid Up Capital

65,978

57,372

15.00%

Reserve & Surplus

16,668

27,728

-39.89%

Deposits

173,761

115,602

50.31%

Borrowings

369,688

262,029

41.09%

Loans & Advances

617,545

443,801

39.15%

Net Interest Income

43,764

42,205

3.69%

Provision for possible losses

7,971

6,135

29.92%

Operating Profit

13,821

12,791

8.05%

Net Profit

9,587

8,531

12.38%

NPL (%)

3.42

3.2

6.87%

Annualized EPS (In Rs.)

14.53

14.87

-2.28%

Net Worth per Share (In Rs.)

125.26

148.33

-15.55%