Support Microfinance reports loss in the third quarter; Loss of Rs 19.95 lakh registered in the quarterly report

Sun, May 6, 2018 1:56 AM on Financial Analysis, Latest, Stock Market,

Support Microfinance Bittiya Sanstha Limited has published its unaudited financial report for Q3 of the FY 2074/75 with the Rs 19.95 lakh as net loss in the quarter.

The microfinance had net profit of Rs 37.44 lakh in the corresponding quarter of the previous year which has decreased to a loss of  Rs 19.95 lakh in the current year.

It has collected Rs 5.68 crore as deposits and floated loans of Rs 39.13 crore.

The paid up capital of the company is Rs 6 crore and it has negative reserve of Rs 9.94 lakh.

Its annualized EPS is (Rs 4.43) and net worth per share is Rs 98.34 while the P/E ratio stands at -93 times.

Major Highlights:

Particulars (In Rs '000)

SMB

Q3 2074/75

Q3 2073/74

Difference

Paid Up Capital

60,000

60,000

0.00%

Reserve & Surplus

(994)

1,072

-

Deposits

56,849

22,793

149.41%

Borrowings

306,028

209,244

46.25%

Loans & Advances

391,362

261,787

49.50%

Net Interest Income

16,721

15,077

10.91%

Provision for possible losses

7,092

1,545

358.92%

Operating Profit

(1,995)

3,686

-

Net Profit

(1,995)

3,744

-

NPL (%)

2.39

0.1

2290.00%

Annualized EPS (In Rs.)

(4.43)

8.32

-153.29%

Net Worth per Share (In Rs.)

98.34

101.79

-3.38%

P/E Ratio (In times)

-93

-

-