Support Microfinance's annualized EPS till Q2 at Rs 21.26; Net profit at Rs 63.77 lakh
Thu, Feb 6, 2020 12:37 PM on Financial Analysis, Latest, Stock Market,
Support Microfinance Bittiya Sanstha Limited (SMB) has published its unaudited financial report for Q2 of the FY 2076/77 with Rs.63.77 Lakhs as net profit in the quarter. The microfinance had net profit of Rs.7.18 Lakhs in the corresponding quarter of the previous year, marking an increase of 788.16%.
It has collected Rs.17.07 Crore as deposits and has Rs.61.27 Crore as borrowings and floated loans of Rs.81.02 Crore. The paid up capital of the company is Rs.6 crore and it has reserve of Rs.2.12 Crore.
The net interest income as of the second quarter was Rs.2.50 crore up from Rs.1.37 crore posted in the corresponding quarter of the previous year. The operating profits stood at Rs.1 crore by the end of the second quarter. The non-performing loans of the company decreased from 3.53% posted in the corresponding quarter of previous year to 1.76% by the end of the second quarter.
Its annualized EPS is Rs.21.26; net worth per share is Rs.135.41 whereas its PE stands at 32.32 times.
