Swabalamban Laghubitta published an outstanding Q2 report with 53.82% rise in net profit; EPS and PE stands at Rs 66.76 and 14.67 times

Swabalamban Laghubitta Bittiya Sanstha (SWBBL) has posted an excellent rise in net profit by 53.82% in the second quarter of fiscal year 2076/77.

Publishing the unaudited financial report for the second quarter today, the microfinance has stated that its net profit rises to Rs 26.44 crore from Rs 17.19 crore in the last corresponding quarter.

Its operating profit has also increased by 55.97% to Rs 41.98 crore in Q2 from Rs 26.91 crore in the corresponding quarter of the last fiscal year.

The microfinance’s borrowing stands at Rs 6.30 arba and has collected Rs 8.57 arba in deposits.

Likewise, it has extended loans and advances of Rs 15.55 arba till Q2 whereas in the same period last year the figure stood at Rs 11.59 arba, which is an increment of 34.15%.

It has a paid-up capital of Rs 79.23 crore and has Rs 1.28 arba in reserve and surplus.

Its non- performing loan (NPL) increased to 1.37% in Q2 from 1.03% in the corresponding quarter of the fiscal year 2075/76.

The annualized earning per share (EPS) is Rs 66.76. Its net worth per share stands at Rs 261.65 and the quarter-end P/E ratio stands at 14.67 times.

Swabalamban Laghubitta proposes 40% dividend including 26% bonus shares for FY 2075/76 which is already endorsed by the AGM and the bonus share is adjusted in published Q2 report.

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