Swabalamban Laghubitta reports a meager 13% rise in net profit; EPS at Rs 67.74

Swabalamban Laghubitta Bikas Bank Limited (SWBBL) has registered a net profit growth of 12.85% in the second quarter of the current FY 2073/74. According to the unaudited financial report published by the microfinance today, its net profit has increased to Rs. 14.17 crore in second quarter, up from Rs. 12.56 crore in the corresponding quarter of the previous fiscal year. SWBBL’s net interest income has risen to Rs 48.64 crore in Q2 as compared to Rs 41.03 crore in the corresponding quarter of the last fiscal year. As of Q2, it has a paid up capital of Rs 41.85 crore with a reserve of Rs 61.28 crore. The bank also collected deposits of Rs 3.57 arba whereas borrowed 3.46 arba till the end of Q2 this year. Likewise, it has extended loans and advances of Rs. 7.06 arba in Q2 whereas in the same period last year, the figure stood at Rs. 5.43 arba. SWBBL’s annualized Earnings per Share (EPS) stands at Rs 67.74, net worth per share at Rs 246 and P/E ratio at 18.90 times. It had recently declared 34% stock dividend along with 19.68% cash dividend.