Sarathi laghubitta reports 262% rise in net profit within Q2; EPS stands at Rs 12.32
Sun, Jan 27, 2019 12:00 PM on Financial Analysis, Latest, Stock Market,
Sarathi Laghubitta Bittiya Sanstha (SARATHI) has published its unaudited report for the second quarter of 2075/76. Since the microfinance hasn't completed more than a year, we'll be comparing its performance in Q2 with Q1 of FY 2075/76.
Sarathi has reported a phenomenal 261.65% rise in net profit amounting to Rs 43.12 lakh fro Rs 11.92 lakh in the previous quarter.
Similarly, its net interest income stands at Rs 1.03 crore, which is a 134.27% rise from Q1 of 2075/76. It has collected deposits worth Rs 10.09 crore and disbursed loans worth Rs 47.9 crore in Q2.
The Non-performing loan has also increased to 0.23%.
Sarathi's EPS stands at Rs 12.32 and the networth per shares stands at Rs 102.22. Since it isn't listed yet, the PE ratio can't be determined.
Major highlights:
| Particulars (In Rs '000) | SARATHI | ||
|---|---|---|---|
| Q2 2075/76 | Q1 2075/76 | Difference | |
| Paid Up Capital | 70,000 | 70,000 | |
| Reserve & Surplus | 1,556 | -1,564 | 199% |
| Deposits | 100,861 | 58,673 | 71.90% |
| Borrowings | 353,899 | 228,826 | 54.66% |
| Loans & Advances | 479,006 | 315,444 | 51.85% |
| Net Interest Income | 10,258 | 4,379 | 134.27% |
| Provision for possible losses | 5,444 | 1,856 | 193.33% |
| Operating Profit | 1,838 | 363 | 405.67% |
| Net Profit | 4,312 | 1,192 | 261.65% |
| NPL (%) | 0.23 | 0 | |
| Annualized EPS (In Rs.) | 12.32 | 3.41 | 261.65% |
| Net Worth per Share (In Rs.) | 102.22 | 97.77 | 4.56% |
