See the financial highlights of Samudayik Laghubitta for Q1; Microfinance issuing 3 lakh unit IPO from Mangsir 2

Tue, Nov 13, 2018 11:41 AM on Financial Analysis, Latest, Stock Market,

Samudayik Laghubitta Bittiya Sanstha Limited has posted decent growth in net profit by 40.67% to Rs 40.43 lakh in the first quarter (Q1) of fiscal year 2075/76.

Publishing the unaudited financial report for the first quarter today, the microfinance institution has stated that its operating profit has also increased to Rs 63.54 lakh in Q1 from Rs 45.17 lakh in the corresponding quarter of the last fiscal year.

The micro finance institution’s borrowing remains to be Rs 37.35 crore and has collected Rs 28.73 crore in deposits.

Likewise, it has extended loans and advances of Rs 80.10 crore in Q1 of FY 2075/76 whereas in the same period last year the figure stood at Rs. 62.54 crore.

It has a paid up capital of Rs 7 crore and has Rs 3.79 crore in reserve and surplus.

Its non- performing loan (NPL) has increased to 1.23 % in Q1 from 1.17 % in the corresponding quarter of the last fiscal year.

Its earning per share (EPS) has increased to Rs 23.10 in Q1 from Rs 16.42 previous year. Its net worth per share stands at Rs 154.20.

Major Highlights:

Particulars (In Rs '000)

SAMU

Q1 2075/76

Q1 2074/75

Difference

Paid Up Capital

70,000

70,000

0.00%

Reserve & Surplus

37,943

20,100

88.77%

Deposits

287,336

215,591

33.28%

Borrowings

373,513

402,531

-7.21%

Loans & Advances

801,022

625,545

28.05%

Net Interest Income

16,109

15,036

7.14%

Provision for possible losses

1,002

902

11.01%

Operating Profit

6,354

4,517

40.67%

Net Profit

4,043

2,874

40.67%

NPL (%)

1.23

1.17

5.13%

Annualized EPS (In Rs.)

23.10

16.42

40.67%

Net Worth per Share (In Rs.)

154.20

128.71

19.80%