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 2.26 crore in the fourth quarter.
Support Microfinance’s paid up capital remains at Rs 4.20 crore with reserve of Rs 31.19 lakh in Q4.
The 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) reached to 0.82% in the fourth quarter.
Support’s annualized earning per share (EPS) stands at Rs 11.44, net worth per share at Rs 107.43.
Support Microfinance will soon be issuing 1.80 lakh units Initial Public Offering (IPO) shares as the company waiting for the approval from SEBON.
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 |
3,119 |
(3,432) |
190.89 |
| 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 |
| Write Back |
- |
- |
#DIV/0! |
| 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 |
107.43 |
91.83 |
16.99 |
