Support Microfinance reports net profit of Rs.54.49 Lakhs till the end of the fourth quarter; net worth per share stands at Rs.114.84

Tue, Aug 6, 2019 1:17 PM on Financial Analysis, Latest,

Support Microfinance Bittiya Sanstha Limited has published its unaudited financial report for Q4 of the FY 2075/76 with Rs.54.49 lakhs as net profit in the quarter. The microfinance had net profit of Rs.24.53 lakhs in the corresponding quarter of the previous year, marking an increase of 122.16%.

It has collected Rs.13.74 crore as deposits and has Rs.51.02 crore as borrowings and floated loans of Rs.66.18 crore. The paid up capital of the company is Rs.6 crore and it has reserve of Rs.89.04 lakhs.

The net interest income as of the fourth quarter was Rs.4.02 Crore up from Rs.2.55 Crore posted in the corresponding quarter of the previous year. The operating profits stood at Rs.85.64 Lakhs by the end of the fourth quarter. The non-performing loans of the company decreased from 1.79% posted in the corresponding quarter to 1.36% by the end of the fourth quarter.

Its annualized EPS is Rs.9.08; net worth per share is Rs.114.84 whereas its PE stands at 42.17 times.