Swabhimaan Laghubitta published quarterly report for Q2 of 2076/77; Net profit at Rs 1.12 crore

Tue, Feb 4, 2020 11:00 AM on Financial Analysis, Latest, Stock Market,

Swabhimaan Laghubitta Bittiya Sanstha Limited (SMFBS) has posted a net profit of Rs 1.12 crore in the second quarter of the fiscal year 2076/77. The company has shown an improved financials with growth in net profit.

The microfinance company's net interest income has grown to Rs 3.04 crore in the second quarter from Rs 1.70 crore last year.

The company's paid-up capital stands at Rs 6.18 crore and its reserve has increased from Rs 55.81 lakhs in Q2 of FY 2075/76 to Rs 3.24 crore in the Q2 of FY 2076/77.

The borrowing of the company has increased to Rs 59.01 crore from Rs 43.26 crore in the corresponding quarter of last fiscal year.

The microfinance has floated Rs 89.32 crore as loan & advances and has Rs 33.99 crore deposit till Q2. The non-performing loans of the company increased from 0.14% to 0.89% by the end of the second quarter.

The annualized EPS of the company is Rs 36.43 and its quarter end PE stands at 28.11 times. The company has distributed 24% bonus share of worth Rs 1.48 crore from the profit of FY 2075/76, which is yet to be adjusted in the mentioned paid up capital in the report. 

Second Quarter Report