Sparsha Laghubitta's net profit for Q1 of 2076/77 stands at Rs 55.08 lakh; Paid-up capital at Rs 8.29 crore with reserves of Rs 2.13 crore
Thu, Oct 24, 2019 11:05 AM on Financial Analysis, Latest, Stock Market,
Sparsha Laghubitta Bittiya Sanstha Limited (SPARS) has reported massive profit growth in the first quarter (Q1) of the current fiscal year 2076/77.
According to the unaudited financial report for the first quarter published today, the microfinance has stated that its net profit surged to Rs 55.08 lakh in first quarter as compared to loss of Rs 31.05 lakh in the corresponding quarter of the last fiscal year.
The microfinance company’s borrowing has increased from Rs 49.19 crore in the corresponding quarter of the previous year to Rs 70.67 crore in the first quarter of the fiscal year 2076/77.
Its net interest income has also increased to Rs 1.42 crore in the Q1 up from Rs 39.97 lakh posted in the corresponding quarter of the last fiscal year.
Sparsha Laghubitta has paid up capital of Rs 8.29 crore. Its reserve has increased to Rs 2.13 crore.
SPARS’s non-performing loan has increased to 0.62% from 0.42% as stated by the first quarter financial report.
Its annualized Earning Per Share (EPS) stands at Rs 26.55, net worth per share at Rs 125.72 and P/E ratio at 20 times.
Major highlights:
| Particulars (In Rs '000) | Sparsha Laghubitta Bittiya Sanstha | ||
|---|---|---|---|
| Q1 2076/77 | Q1 2075/76 | Difference | |
| Paid Up Capital | 82,963 | 56,000 | 48.15% |
| Reserve & Surplus | 21,335 | (2,830) | 853.77% |
| Borrowings | 706,775 | 491,995 | 43.65% |
| Deposits | 192,692 | 79,046 | 143.77% |
| Loans & Advances | 955,698 | 454,068 | 110.47% |
| Net Interest Income | 14,258 | 3,997 | 256.69% |
| Staff Expenses | 8,555 | 7,697 | 11.14% |
| Provision for possible losses | 4,077 | 1,368 | 198.02% |
| Operating Profit | 3,987 | (3,105) | 228.42% |
| Net Profit | 5,508 | (3,105) | 277.41% |
| Capital Adequacy (%) | 11.19 | 11.46 | -2.36% |
| NPL (%) | 0.62 | 0.42 | 47.62% |
| Cost of Fund (%) | 10.6 | 11.79 | -10.09% |
| Annualized EPS (In Rs.) | 26.55 | - | |
| Net Worth per Share (In Rs.) | 125.72 | - | |
| PE Ratio (times) | 20 | - | |
