Summit laghubitta's net interest income till Q2 at Rs 8.99 crore; Annualized EPS at Rs 31.79

Mon, Feb 10, 2020 11:59 AM on Financial Analysis, Latest, Stock Market,

Summit Laghubitta Bittiya Sanstha Limited (SMFDB) has published its second quarter (Q2) report of FY 2076/77. The microfinance has reported a net profit of Rs 3.33 crore, which is a 28.02% rise from the corresponding quarter of the previous year.

Similarly, its net interest income has also increased from Rs 7.21 crore in the corresponding quarter of the previous year to Rs 8.99 crore in the second quarter of 2076/77. Its paid-up capital remains at Rs 21 crore with reserve and surplus of Rs 13.79 crore.

The company has borrowings of Rs 56.12 crore in the second quarter, falling from Rs 74.04 crore in the corresponding quarter of last year. Likewise, it has extended loans and advances of Rs 1.69 arba till Q2 whereas in the same period last year the figure stood at Rs 1.57 arba.

Its non-performing loan (NPL) has increased to 2.82% in Q2 from 1.36% in the previous year report.

Its annualized earning per share (EPS) stands at Rs 31.79, net worth per share at Rs 165.68. Its quarter-end PE stands at 41.27. The company has recently signed merger MoU with Sajila Laghubittiya Sansthan Limited. 

Second Quarter Report