Swabalamban reports outstanding results in Q2; EPS stands at Rs 146.63

ShareSansar, February 9:

Swabalamban Bikas Bank has posted a massive profit rise of 79.69 percent in the second quarter of the current fiscal year 2071/72.

Publishing the unaudited financial report for the second quarter today, the microfinance institution has stated that its net profit has surged to Rs 10.98 crore by the second quarter end, up from just Rs 6.11 crore in the corresponding quarter of the last fiscal year 2070/71.

Its net interest income rose to Rs 35.19 crore in the second quarter from Rs 24.04 crore in the corresponding quarter.

The MFI’s borrowed Rs 2.44 arba and collected Rs 1.85 arba in deposit and mobilized Rs 4.34 arba in loan as compared Rs 3.14 arba it had mobilized in loan in the corresponding quarter.

 

It may also be noted that Swabalamban has been able to drastically reduce its non-performing loan from 0.82 percent to 0.47 percent—which is a huge achievement by any standard.

Swabalamban’s annualized EPS is now priced at an impressive 146.63, its net worth per share stands at 418.10 while the P/E ratio stands at 10.54 times.