Support Microfinance Bittiya Sanstha Limited has posted profit growth of 274.75 percent in the fourth quarter (Q4) of the last fiscal year 2073/74.
Publishing the unaudited financial report for the fourth quarter today, the microfinance company stated that its net profit rose to Rs 48.04 lakh in the current fiscal year 2073/74, up from loss of Rs 27.49 lakh in the corresponding period of the previous fiscal year 2072/73.
Its net interest income has risen from Rs 36.50 lakh in corresponding quarter to Rs 2.65 crore in the fourth quarter.
Its paid up capital remains at Rs 4.20 crore with reserve of Rs 21.31 lakh in Q4 which surges by 162.09% from negative reserve of Rs 34.32 lakh in the corresponding quarter.
Support Microfinance has got approval from SEBON to issue IPO on Shrawan 20, 2074. It will be issuing 1.8 lakh units IPO shares of worth Rs 1.8 crore to the public. NMB Capital Limited has been appointed as issue manager for the IPO. After IPO, its capital will reach to Rs 6 crore.
The microfinance company has borrowings of Rs 23.52 crore in the fourth quarter, up from Rs 8.37 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 26.56 crore in Q4 whereas in the same period last year the figure stood at Rs 10.94 crore.
Its non-performing loan (NPL) stands at 0.82% in Q4 from 0.38% and CD ratio at 354.93%.
Its earning per share (EPS) stands at Rs 11.44 and net worth per share at Rs 105.07.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
42,000 |
42,000 |
- |
| Reserve and Surplus |
2,131 |
(3,432) |
162.09 |
| Deposits |
29,741 |
6,482 |
358.83 |
| Borrowings |
235,203 |
83,719 |
180.94 |
| Loans and Advances |
265,699 |
109,451 |
142.76 |
| Net Interest Income |
22,607 |
3,650 |
519.41 |
| Provision |
1,819 |
1,095 |
66.20 |
| Operating Profit |
5,792 |
(2,744) |
311.08 |
| Net Profit |
4,804 |
(2,749) |
274.75 |
| Capital Adequacy Ratio (%) |
16.98 |
25.74 |
(34.03) |
| NPL (%) |
0.82 |
- |
#DIV/0! |
| Cost of Fund (%) |
10.57 |
5.52 |
91.49 |
| CD Ratio (as per NRB) )%) |
354.93 |
335.40 |
5.82 |
| EPS (Annualized) |
11.44 |
(6.54) |
(274.75) |
| Networth Per Share |
105.07 |
91.83 |
14.42 |
