Samudayik Laghubitta's earning crosses 1 crore; Reserve rises by around 95% in Q2 of FY 2075/76

Tue, Feb 5, 2019 11:09 AM on Financial Analysis, Latest, Stock Market,
Samudayik...

Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL) has posted a whopping growth in net profit by 85.90% to reach Rs 1 crore till this month in the second quarter (Q2) of fiscal year 2075/76.

The unaudited financial report for the second quarter published today, the microfinance institution has stated that its operating profit has also increased to Rs 1.57 crore in Q2 from Rs 84.82 lakhs in the corresponding quarter of the last fiscal year.

The microfinance institution’s borrowing remains to be Rs 39.93 crore and has collected Rs 30.87 crore in deposits.

Likewise, it has extended loans and advances of Rs 84.67 crore in Q2 of FY 2075/76 whereas in the same period last year the figure stood at Rs. 68.87 crore – an increment of 22.95%.

It has a paid-up capital of Rs 10 crore and Rs 4.67 crore in reserve and surplus.

Its non- performing loan (NPL) has decreased to 1.35% in Q2 from 1.49 % in the second quarter of the last fiscal year.

It's earning per share (EPS), as reported, is Rs 20.07 in Q2 from Rs 15.42 previous year. Its net worth per share stands at Rs 146.77 with a PE ratio of 32.29 times.

Announcement

Major Highlights:

Particulars (In Rs '000)

Samudayik Laghubitta Bittiya Sanstha Limited

Q2 2075/76

Q2 2074/75

Difference

Paid Up Capital

100,000

70,000

42.86%

Reserve & Surplus

46,767

24,065

94.33%

Deposits

308,699

232,386

32.84%

Borrowings

399,347

384,612

3.83%

Loans & Advances

846,766

688,727

22.95%

Net Interest Income

34,131

29,789

14.58%

Provision for possible losses

2,888

3,018

-4.32%

Operating Profit

15,768

8,482

85.90%

Net Profit

10,034

5,398

85.90%

NPL (%)

1.35

1.49

-9.40%

Annualized EPS (In Rs.)

20.07

15.42

30.13%

Net Worth per Share (In Rs.)

146.77

134.38

9.22%

P/E ratio

32.29