Summit Laghubitta’s profit surges by more than 51% in Q2; Annualized EPS reaches Rs 24.83
Thu, Jan 31, 2019 11:32 AM on Financial Analysis, Latest, Stock Market,
Summit Laghubitta Bittiya Sanstha Limited (SMFDB) has published its second quarter report of FY 2075/76. The microfinance has reported a net profit of Rs 2.60 crore, which is a 51.32% rise from the corresponding quarter of previous year.
Similarly, its net interest income has also increased from Rs 5.22 crore in corresponding quarter of previous year to Rs 7.21 crore in the second quarter of 2075/76. Its paid-up capital remains at Rs 21 crore with reserve and surplus of Rs 7.15 crore.
The company has borrowings of Rs 74.04 crore in the second quarter, falling from Rs 86.34 crore in the corresponding quarter of last year. Likewise, it has extended loans and advances of Rs 1.57 arba in Q2 whereas in the same period last year the figure stood at Rs 1.33 arba.
Its non-performing loan (NPL) has increased to 1.36% in Q2 from 0.38% in the previous year report.
Its annualized earning per share (EPS) stands at Rs 24.83, net worth per share at Rs 134.06.
Major Highlights:
|
Particulars (In Rs '000) |
SMFDB |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
210,000 |
170,000 |
23.53% |
|
Reserve & Surplus |
71,518 |
56,780 |
25.95% |
|
Deposits |
697,073 |
537,732 |
29.63% |
|
Borrowings |
740,429 |
863,424 |
-14.25% |
|
Loans & Advances |
1,578,890 |
1,334,933 |
18.27% |
|
Net Interest Income |
72,110 |
52,261 |
37.98% |
|
Provision for possible losses |
3,095 |
985 |
214.38% |
|
Operating Profit |
40,971 |
27,075 |
51.32% |
|
Net Profit |
26,072 |
17,230 |
51.32% |
|
NPL (%) |
1.36 |
0.38 |
257.89% |
|
Annualized EPS (In Rs.) |
24.83 |
20.27 |
22.50% |
|
Net Worth per Share (In Rs.) |
134.06 |
133.40 |
0.49% |
