Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS) has stated outstanding net profit increase of 58.45% in the fourth quarter (Q4) of last fiscal year 2073/74. The net profit of the company rose to Rs 2.37 crore in Q4 up from Rs 1.47 crore in the corresponding quarter of the previous fiscal year 2072/73.
As per the unaudited financial report published today, the microfinance has reported that its operating profit has increased to Rs 3.72 crore in Q4, up from Rs 2.35 crore in the corresponding quarter of the last fiscal year.
Its net interest income has surged to Rs. 6.98 crore in Q4 up from Rs 4.13 crore in the corresponding quarter. The microfinance institution’s borrowing remains to be Rs 40.11 crore and has collected Rs 25.12 crore in deposits.
Likewise, it has extended loans and advances of Rs 63.25 crore in Q4 of FY 2073/74 whereas in the same period last year the figure stood at Rs. 42.75 crore.
SLBS has a paid up capital of Rs 4 crore and has Rs 4.10 crore in reserve and surplus. Its non- performing loan (NPL) increased to 0.69% in the fourth quarter of the FY 2073/74.
SLBS’s earning per share (EPS) stands at Rs 59.30 in Q4. Its net worth per share stands at Rs 202.73 and P/E ratio is 11.33 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
40,000 |
28,000 |
42.86 |
| Reserve and Surplus |
41,093 |
17,374 |
136.53 |
| Deposits |
251,226 |
139,304 |
80.34 |
| Borrowings |
401,130 |
324,855 |
23.48 |
| Loans and Advances |
632,590 |
427,591 |
47.94 |
| Net Interest Income |
69,852 |
41,366 |
68.86 |
| Provision |
4,142 |
2,084 |
98.72 |
| Operating Profit |
37,273 |
23,524 |
58.45 |
| Net Profit |
23,719 |
14,970 |
58.45 |
| Capital Adequacy Ratio (%) |
11.94 |
10.92 |
9.34 |
| NPL (%) |
0.69 |
- |
#DIV/0! |
| Cost of Fund (%) |
7.32 |
6.15 |
19.02 |
| CD Ratio (as per NRB) )%) |
255.17 |
327.74 |
(22.14) |
| EPS (Annualized) |
59.30 |
53.46 |
10.92 |
| Networth Per Share |
202.73 |
162.05 |
25.11 |
| P/E Ratio |
11.33 |
|
