Summit Microfinance Development Bank Limited (SMFDB) has posted a net profit growth of 44.10% in the third quarter of the ongoing fiscal year 2073/74. As per its unaudited report published today, its net profit has increased to Rs 3.81 crore till the end of Chaitra, 2073.
Majority of increase in its net profit is the rise in net interest income, which has grown to Rs 8.84 crore this year from Rs 6.37 crore last year. Likewise, its operating profit has also increased by 44% to Rs 5.98 crore.
As of Q3, its deposits base has reached Rs 42.53 crore, borrowings at Rs 47.10 crore and loans at a whopping Rs 1.05 arba. It was able to increase its floated loans by 45% in this period.
Its paid up capital now stands at Rs 7.25 crore, reserve at Rs 9.12 crore with net worth per share of Rs 225.89. As of the end of Q3, its annualized EPS has reached Rs 70.08 and it has a P/E ratio of 36.24 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
72,500.00 |
50,000.00 |
45.00% |
| Reserve and Surplus |
91,269.68 |
63,248.66 |
44.30% |
| Deposits |
425,357.57 |
305,342.59 |
39.31% |
| Loans and Advances |
1,049,215.32 |
723,062.73 |
45.11% |
| Borrowings |
471,083.30 |
428,567.40 |
9.92% |
| Net Interest Income |
88,471.02 |
63,752.91 |
38.77% |
| Provision |
1,069.18 |
345.25 |
209.68% |
| Write Back |
- |
- |
- |
| Operating Profit |
59,882.80 |
41,555.52 |
44.10% |
| Net Profit |
38,107.24 |
26,444.42 |
44.10% |
| Capital Adequacy Ratio |
15.37% |
15.12% |
- |
| NPL |
0.36% |
0.25% |
44.00% |
| Cost of Fund |
6.75% |
6.36% |
|
| CD Ratio (as per NRB) |
246.67% |
236.80% |
- |
| EPS (Annualized) |
70.08 |
70.52 |
-0.62% |
| PE Ratio |
36.24 |
|
|
| Networth Per Share |
225.89 |
|
|
