Summit Laghubitta reports 50% rise in net profit forQ3 of FY 2075/76; NPL stands at 1.95% with provision of Rs 56 lakh
Thu, May 9, 2019 1:27 PM on Financial Analysis, Latest, Stock Market,
Summit Laghubitta Bittiya Sanstha Limited (SMFDB) has published its third quarter report of FY 2075/76. The microfinance has reported a net profit of Rs 4.28 crore, which is a 50% rise from the corresponding quarter of previous year.
Similarly, its net interest income has also increased from Rs 8.19 crore in corresponding quarter of previous year to Rs 11.25 crore in the third quarter of 2075/76. Its paid-up capital remains at Rs 21 crore with reserve and surplus of Rs 8.82 crore.
The company has borrowings of Rs 65.09 crore in the third quarter, falling from Rs 84.71 crore in the corresponding quarter of last year. Likewise, it has extended loans and advances of Rs 1.60 arba in Q3 whereas in the same period last year the figure stood at Rs 1.49 arba.
Its non-performing loan (NPL) has increased to 1.95% in Q3 from 0.41% in the previous year report.
It earning per share (EPS) stands at Rs 20.40, net worth per share at Rs 142.04.
Major Highlights:
| Particulars (In Rs '000) | SMFDB | ||
|---|---|---|---|
| Q3 2075/76 | Q3 2074/75 | Difference | |
| Paid Up Capital | 210,000 | 170,000 | 23.53% |
| Reserve & Surplus | 88,285 | 79,889 | 10.51% |
| Deposits | 732,962 | 584,309 | 25.44% |
| Borrowings | 650,985 | 847,129 | -23.15% |
| Loans & Advances | 1,603,455 | 1,496,428 | 7.15% |
| Net Interest Income | 112,517 | 81,912 | 37.36% |
| Provision for possible losses | 5,641 | 1,664 | 238.98% |
| Operating Profit | 67,319 | 44,858 | 50.07% |
| Net Profit | 42,840 | 28,546 | 50.07% |
| NPL (%) | 1.95 | 0.41 | 375.61% |
| EPS (In Rs.) | 20.4 | ||
| Net Worth per Share (In Rs.) | 142.04 | ||
| P/E Ratio (In times) | 31.37 | ||
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