Sparsha Laghubitta Q4 profit rises by 84.57%; Earning per share stands at Rs 30.74

Thu, Aug 6, 2020 6:30 AM on Financial Analysis, Latest,

Sparsha Laghubitta Bittiya Sanstha Limited (SPARS) has reported a profit rise of 84.57% in the fourth quarter (Q4) of the current fiscal year 2076/77.

According to the unaudited financial report for the fourth quarter published today, the microfinance has stated that its net profit increased to Rs 2.88 crore as compared to a profit of Rs 1.56 crore in the corresponding quarter of the last fiscal year.

Its net interest income has also increased to Rs 7.52 Crore in the Q4 up from Rs 4.41 crore posted in the corresponding quarter of the last fiscal year.

Sparsha Laghubitta has paid-up capital of Rs.9.37 Crore. Its reserve has increased to Rs 3.67 crore. The microfinance company’s borrowing has increased from Rs 68.58 crore in the corresponding quarter of the previous year to Rs 71.20 Crore in the fourth quarter of the fiscal year 2076/77.

SPARS’s non-performing loan has increased to 1.76% from 0.49% as stated by the fourth-quarter financial report. It's Earning per Share (EPS) stands at Rs 30.74, net worth per share at Rs 139.23, and quarter-end P/E ratio at 29.77 times.

Click here for Q4 report:

Major Highlights:

Particulars (In Rs '000)

Sparsha Laghubitta

Q4 2076/77

Q4 2075/76

Difference

Paid Up Capital

93,748.19

82,963.00

13.00%

Reserve & Surplus

36,776.12

15,827.52

132.36%

Deposits

214,389.70

166,706.31

28.60%

Borrowings

712,005.19

685,883.90

3.81%

Loans & Advances

1,020,339.99

903,843.74

12.89%

Net Interest Income

75,268.48

44,178.52

70.37%

Staff Expenses

30,523.82

28,712.49

6.31%

Provision for possible losses

10,703.43

4,507.85

-

Operating Profit

38,917.90

22,863.27

70.22%

Net Profit

28,817.39

15,613.67

84.57%

Capital Adequacy (%)

11.87

11.07

7.23%

NPL (%)

1.76

0.49

 

Cost of Fund (%)

10.45

11.68

-10.53%

EPS (In Rs.)

30.74

18.82

63.33%

Net Worth per Share (In Rs.)

139.23

119.08

16.92%

PE Ratio (times)

29.77

-

-

Qtr End Price

915.00

-

-

PB Ratio (times)

6.6

-

-