Samudayik Laghubitta reports 56% rise in net profit for fourth quarter of 2075/76; EPS stands at Rs 24.44 with Rs 5.54 crore in reserve

Wed, Aug 7, 2019 1:25 PM on Financial Analysis, Latest, Stock Market,
Samudayik...

Samudayik Laghubitta Bittiya Sanstha Limited has published an un-audited financial report of the fourth quarter for the FY 2075/76. It has stated that net profit has increased by 56.96% to Rs 2.44 crore from Rs 1.55 crore reported in the corresponding quarter of the previous fiscal year 2074/75.

The microfinance's borrowings increased from Rs 39.6 crore to Rs 44.67 crore. Likewise, it extended loans of Rs 91.21 crore from Rs 71.9 crore in the Q4 of FY 2074/75. It has paid up capital of Rs 10 crore with reserve of Rs 5.54 crore till this quarter.

Samudayik Laghubitta’s net interest income has increased from Rs 6.32 crore in the corresponding quarter of last year to Rs 7.53 crore in the fourth quarter of fiscal year 2075/76. Its operating profit has increased to Rs 3.84 crore till Q4, from Rs 2.10 crore in the corresponding quarter.

Currently, annualized EPS and Net worth per share stood at Rs 24.44 and Rs 155.44 respectively with P/E ratio at 21.77 times.

Major Highlights:

Particulars (In Rs '000)

Samudayik Laghubitta
Q4 2075/76 Q4 2074/75 Difference
Paid Up Capital 100,000.00 70,000.00 42.86%
Reserve & Surplus 55,439.21 47,860.97 15.83%
Deposits 351,700.40 269,114.22 30.69%
Borrowings 446,755.22 396,045.36 12.80%
Loans & Advances 912,132.39 719,066.64 26.85%
Net Interest Income 75,337.44 63,226.94 19.15%
Provision for possible losses 5,137.81 2,234.94 129.89%
Operating Profit 38,406.72 21,014.90 82.76%
Net Profit 24,440.64 15,570.86 56.96%
Capital Adequacy (%) 15.78 12.47 26.54%
Non Performing Loan (NPL) (%) 1.65 1.07 54.21%
Annualized EPS (In Rs.) 24.44    
Net Worth per Share (In Rs.) 155.44    
PE Ratio (times) 21.77