Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS) has reported 79.16 % growth in net profit for the third quarter of the current fiscal year 2073/74.
Publishing the unaudited financial report for the third quarter today, the microfinance company has stated that its net profit rose to Rs 2.05 crore, up from Rs 1.14 crore reported in the corresponding quarter of the previous fiscal year 2072/73.
SLBS has borrowings of Rs 41.70 crore in the Q3 compared to Rs 33.05 crore in the corresponding quarter last year. Likewise, it extended loans of Rs 60.57 crore, up from Rs 33.68 crore.
Its net interest income has risen from Rs 2.90 crore in the corresponding quarter last year to Rs 5.24 crore in the third quarter of fiscal year 2073/74.
Its paid up capital remains at Rs 4 crore and has reserve of Rs 3.78 crore .
The microfinance’s non-performing loan (NPL) stands at 0.64% in Q3.
Its annualized earning per share (EPS) now stands at Rs 68.42, net worth per share at Rs 194.75 and P/E ratio at 7.51 times.
The microfinance company had floated Initial Public Offering (IPO) of 1, 20,000 unit shares worth Rs 1.20 crore from Bhadra 12, 2073 till Bhadra 15, 2073. Nepal Stock Exchange Limited (NEPSE) had listed its shares on Poush 7, 2073.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
40,000 |
28,000 |
42.86% |
| Reserve and Surplus |
37,899 |
13,833 |
173.98% |
| Deposits |
217,071 |
112,604 |
92.77% |
| Loans and Advances |
605,757 |
336,877 |
79.82% |
| Borrowings |
417,049 |
330,551 |
26.17% |
| Net Interest Income |
52,433 |
29,031 |
80.61% |
| Provision |
2,914 |
1,134 |
157.01% |
| Write Back |
- |
- |
|
| Operating Profit |
32,254 |
17,959 |
79.60% |
| Net Profit |
20,525 |
11,429 |
79.60% |
| Capital Adequacy Ratio |
13.04% |
11.89% |
- |
| NPL |
0.64% |
0.00% |
- |
| Cost of Fund |
7.09% |
6.16% |
|
| CD Ratio (as per NRB) |
282.39% |
314.00% |
- |
| EPS (Annualized) |
68.42 |
54.42 |
25.72% |
| PE Ratio |
7.51 |
|
|
| Networth Per Share |
194.75 |
|
|
Likewise,
Samata Microfinance Bittiya Sanstha Limited has earned net profit of Rs 1.65 crore until the end of Q3 in this fiscal year 2073/74. As per its unaudited report, this is a massive 233.83% increase as compared to the same period last year.
Samata’s main growth can be seen in increase in its deposits which has grown to Rs 11.62 crore in Q3 compared to Rs 4.85 crore last year. Similarly, its borrowings can has also increased to Rs 22.15 crore from Rs 11.58 crore.
The company’s net interest income has increased to Rs 2.55 crore in Q3 up from Rs 1.20 crore in previous quarter. Its NPL has declined from 2.49% to 1.07% in Q3.
As of Q3, it has a paid up capital of Rs 3.16 crore with reserve of Rs 17.08 lakh.
Samata Microfinance’s EPS stands at Rs 69.70, net worth per share is at Rs 105.41 and liquidity ratio at 60.90.
The microfinance company
had issued 94,800 unit shares worth Rs 94.80 lakh as part of its Initial Public Offering (IPO) from Poush 19 to Poush 22, 2073 at a face value of Rs 100. The share has not been listed in Nepal Stock Exchange Limited (NEPSE) yet.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
31,600 |
11,060 |
185.71% |
| Reserve and Surplus |
1,708 |
458 |
273.11% |
| Deposits |
116,203 |
48,510 |
139.54% |
| Loans and Advances |
368,960 |
177,564 |
107.79% |
| Borrowings |
221,551 |
115,824 |
91.28% |
| Net Interest Income |
25,583 |
12,063 |
112.07% |
| Provision |
2,884 |
4,337 |
-33.52% |
| Write Back |
486 |
2,052 |
-76.31% |
| Operating Profit |
16,034 |
2,897 |
453.53% |
| Net Profit |
16,520 |
4,949 |
233.84% |
| Capital Adequacy Ratio |
13.64% |
14.45% |
- |
| NPL |
1.07% |
2.49% |
-57.03% |
| Cost of Fund |
6.77% |
3.96% |
|
| CD Ratio (as per NRB) |
214.73% |
229.27% |
- |
| EPS (Annualized) |
69.71 |
59.66 |
16.84% |
| PE Ratio |
- |
- |
- |
| Networth Per Share |
105.41 |
|
|
