Support Laghubitta Net Profit Declines By 47.91% In Q3 of FY 78/79; EPS Stands Rs 17.23
Sun, May 8, 2022 3:31 PM on Latest, Financial Analysis, Stock Market,
Support Laghubitta Bittiya Sanstha Limited (SMB) published the third-quarter report of FY 2078/2079 with a decline in net profit by 47.91%. As per the report published by the company, the net profit decreased to Rs. 1.1 crores as compared to Rs. 2.1 crore in the corresponding quarter of the previous year.
The borrowings of the company increased by 9.90% to Rs. 91.2 crores which was Rs. 82.9 crores in the corresponding quarter of the previous year. The deposits of the company increased by 13.94% to Rs 25.5 crores. The company’s loans and advances have also increased by 15.84% to Rs. 1.24 Arba in this quarter.
The net interest income (core revenue) has decreased by 6.29% to Rs. 5.4 crores compared to Rs. 5.7 crores in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs 8.58 crores in this quarter and its reserve and surplus stood at Rs. 4.1 crores which is an increase of 2.81% in this quarter.
Its annualized earnings per share (EPS) stand at Rs. 17.23. The net worth per share is Rs. 148.14. The company traded at a P/E multiple of 96.89 times.
Major financial highlights
| Particulars (In Rs '000) | Support Laghubitta Bittiya Sanstha Limited | ||
|---|---|---|---|
| Q3 2078/79 | Q3 2077/78 | Difference | |
| Paid Up Capital | 85,800.00 | 66,000.00 | 30.00% |
| Reserve & Surplus | 41,302.23 | 40,172.44 | 2.81% |
| Borrowings | 912,183.14 | 829,993.44 | 9.90% |
| Deposits | 255,646.76 | 224,371.19 | 13.94% |
| Loans & Advances | 1,248,754.05 | 1,078,025.94 | 15.84% |
| Net Interest Income | 54,251.30 | 57,891.93 | -6.29% |
| Staff Expenses | 31,376.41 | 25,976.39 | 20.79% |
| Provision for possible losses | 5,251.77 | 1,230.15 | |
| Operating Profit | 17,594.42 | 33,775.98 | -47.91% |
| Net Profit | 11,084.49 | 21,278.87 | -47.91% |
| Capital Adequacy (%) | 9.28 | 9.08 | 2.20% |
| NPL (%) | 4.14 | 4.49 | -7.80% |
| Cost of Fund (%) | 10.39 | 5.36 | 93.84% |
| EPS (In Rs.) | 17.23 | 42.99 | -59.93% |
| Net Worth per Share (In Rs.) | 148.14 | 160.87 | -7.91% |
| Qtr end PE Ratio (times) | 96.89 | - | |
| Qtr End Market Price | 1669 | - | |
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