Sparsha Laghubitta reports decline in Interest Income; Net Profit decline in Q1
Wed, Nov 11, 2020 6:32 AM on Latest, Company Analysis,
Sparsha Laghubitta Bittiya Sanstha (SPARS) has published its first-quarter report of FY 2077/2078 with a decline in Net Profit by 59%. As per the report published by the company, the net profit decreased to Rs. 22.58 Lakhs as compared to Rs. 55.07 Lakhs in the corresponding quarter of the previous year.
The borrowings of the company decreased by 12.75% to Rs. 79.68 crores which was Rs. 70.67 crores in the corresponding quarter of the previous year. The deposit grew by 24.06% to Rs. 23.90 crores. The loans and advances increased by 16.96% to Rs. 1.11 Arba in this quarter.
The net interest income (core revenue) stood at Rs. 1.43 crores compared to Rs. 1.42 in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 9.37 crores in this quarter and its reserve and surplus increased to Rs. 5.59 crores.
Its annualized earnings per share (EPS) stands at Rs. 9.63. The net worth per share stood at Rs. 159.67. The company traded at a P/E multiple of 100.88 times.
Financial Highlights:
|
Particulars |
Sparsha Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q1, 2077/2078 |
Q1, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
93,748.19 |
82,963.00 |
13.00% |
|
Reserve & Surplus |
55,939.68 |
21,335.17 |
162.19% |
|
Borrowings |
796,859.99 |
706,774.60 |
12.75% |
|
Deposits |
239,058.14 |
192,691.84 |
24.06% |
|
Loans and Advances |
1,117,813.60 |
955,698.35 |
16.96% |
|
Net Interest Income |
14,314.67 |
14,257.86 |
0.40% |
|
Provision for possible losses |
4,857.55 |
4,076.91 |
19.15% |
|
Operating Profit |
2,802.45 |
3,986.90 |
-29.71% |
|
Net Profit |
2,258.12 |
5,507.66 |
-59.00% |
|
Capital Adequacy Ratio (%) |
12.53% |
11.19% |
- |
|
NPL (%) |
3.14% |
0.62% |
- |
|
Cost of Fund (%) |
7.55% |
10.60% |
- |
|
Annualized EPS (In Rs.) |
9.63 |
26.55 |
-63.72% |
|
Net Worth per share (In Rs.) |
159.67 |
125.72 |
27.01% |
|
Price to earnings (times) |
100.88 |
- |
- |
