Summit Microfinance reports 31% rise in net profit amounting to Rs 1.08 crore; EPS stands at Rs 25.4 with p/e ratio of 148.89 times

Fri, Nov 16, 2018 1:21 PM on Financial Analysis, Latest, Stock Market,

Summit Microfinance Development Bank Limited (SMFDB) has published its first quarter report of FY 2075/76. After continuous downtrend in net profit growth, this quarter SMFDB has shown some signs of comeback. The microfinance has reported a net profit of Rs 1.08 crore, which is a 31% rise from the corresponding quarter of previous year.

Similarly, it's net interest income has also increased from Rs 2.60 crore in corresponding quarter of previous year to Rs 3.43 crore in the first quarter of 2075/76. Its paid-up capital remains at Rs 17 crore with reserve and surplus of Rs 10.22 crore.

The company has borrowings of Rs 83.36 crore in the first quarter, up from Rs 69.42 crore in the corresponding quarter of last year. Likewise, it has extended loans and advances of Rs 1.62 arba in Q1 whereas in the same period last year the figure stood at Rs 1.26 arba.

Its non-performing loan (NPL) has increased to 0.91% in Q1 from 0.33% in the previous year report.

Its annualized earning per share (EPS) stands at Rs 25.4, net worth per share at Rs 160.1 and the P/E ratio at 148.89 times.

 

Particulars (In Rs '000) SMFDB
Q1 2075/76 Q1 2074/75 Difference
Paid Up Capital                    170,000.00          72,500.00 134%
Reserve & Surplus                    102,161.87          94,377.40 8%
Deposits                    654,008.96        489,956.10 33%
Borrowings                    833,556.20        692,415.65 20%
Loans & Advances                1,620,097.71    1,262,862.45 28%
Net Interest Income                      34,308.97          26,013.83 32%
Provision for possible losses                        1,341.47                587.24 128%
Operating Profit                      16,955.58          12,894.74 31%
Net Profit                      10,789.91             8,205.75 31%
NPL (%) 0.91% 0.33% 176%
Annualized EPS (In Rs.) 25.4    
Net Worth per Share (In Rs.) 160.1    
P/E Ratio (In times) 148.89