Summit Microfinance shows decrease in profit in the third quarter; Net profit of Rs 2.85 crore and EPS at Rs 22.39
Fri, May 11, 2018 6:33 AM on Financial Analysis, Latest, Stock Market,
Summit Microfinance Development Bank Limited (SMFDB) has shown downward movement in net profit by 25.09 percent in the third quarter (Q3) of the current fiscal year 2074/75.
Publishing the unaudited financial report for the third quarter, the microfinance company stated that its net profit has diminished to Rs 2.85 crore in the Q3 of current fiscal year 2074/75, down from Rs 3.81 crore in the corresponding period of the previous fiscal year 2073/74.
Its net interest income has also fallen from Rs 8.84 crore in corresponding quarter to Rs 8.19 crore in the third quarter.
Its paid up capital remains at Rs 17 crore with reserve of Rs 7.98 crore in Q2.
The company has borrowings of Rs 84.71 crore in the third quarter, up from Rs 47.10 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 1.49 arba in Q3 whereas in the same period last year the figure stood at Rs 1.04 arba.
Its non-performing loan (NPL) has increased to 0.41% in Q3 from 0.36% in the previous year report.
Its annualized earning per share (EPS) stands at Rs 22.39, net worth per share at Rs 146.99 and the P/E ratio at 41.4 times.
Major Highlights:
|
Particulars (In Rs '000) |
SMFDB |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
170,000 |
72,500 |
134.48% |
|
Reserve & Surplus |
79,889 |
69,494 |
14.96% |
|
Deposits |
584,309 |
425,358 |
37.37% |
|
Borrowings |
847,129 |
471,083 |
79.83% |
|
Loans & Advances |
1,496,428 |
1,049,215 |
42.62% |
|
Net Interest Income |
81,912 |
88,471 |
-7.41% |
|
Provision for possible losses |
1,664 |
1,068 |
55.79% |
|
Operating Profit |
44,858 |
59,883 |
-25.09% |
|
Net Profit |
28,546 |
38,107 |
-25.09% |
|
NPL (%) |
0.41 |
0.36 |
13.89% |
|
Annualized EPS (In Rs.) |
22.39 |
70.08 |
-68.05% |
|
Net Worth per Share (In Rs.) |
146.99 |
195.85 |
-24.95% |
|
P/E Ratio (In times) |
41.4 |
- |
- |
