Suryodaya Laghubitta's net profit rise by 70.56% in Q2; Annualized EPS at Rs 35.84

Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS) net profit surges by 70.56 percent in the second quarter (Q2) of the last fiscal year 2076/77.

Publishing the unaudited financial report for the second quarter today, the microfinance company stated that its net profit has increased to Rs 2.79 crore in the Q2 of this fiscal year, from Rs 1.63 crore in the corresponding period of last year.

Its net interest income has also increased from Rs 4.86 crore in the corresponding quarter to Rs 7.45 crore. Its paid-up capital stands at Rs 15.59 crore with a reserve of Rs 9.36 crore in Q2.

The company has borrowings of Rs 1.37 arba till the second quarter, up from Rs 66.77 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 1.81 arba till Q2 whereas in the same period last year the figure stood at Rs 1.1 arba.

Its annualized earning per share (EPS) stands at Rs 35.84, net worth per share at Rs 160.08 and the P/E ratio at 15.32 times.

Second quarter report