Swabhimaan laghubitta reported massive increment in net profit in Q2; Look at the major highlights
Sun, Feb 7, 2021 8:39 AM on Latest, Company Analysis,
Swabhimaan Laghubitta Bittiya Sanstha (SMFBS) has published its second-quarter report of FY 2077/2078 with an increase in Net Profit. As per the report published by the company, the net profit increased to Rs. 2.80 crores as compared to Rs. 1.12 crores in the corresponding quarter of the previous year.
The borrowings of the company increased to Rs. 81.40 crores which was Rs. 59.01 crores in the corresponding quarter of the previous year. The company’s loans and advances increased to Rs. 1.24 Arba in this quarter.
The net interest income (core revenue) has increased by 44.89% to Rs. 4.41 crores compared to Rs. 1.12 crores in the corresponding quarter of the previous year.
The paid-up capital of the company increased to Rs. 7.67 crores in this quarter and its reserve and surplus stood at Rs. 6.86 crores which is an increase of 111.44%.
Its annualized earnings per share (EPS) stands at Rs. 73.15. The net worth per share increased to Rs. 189.52. The company traded at a P/E multiple of 21.65 times.
Financial Highlights:
|
Particulars |
Swabhimaan Laghubitta Bittiya Sanstha Limited |
Difference |
|
|---|---|---|---|
|
Q2, 2077/2078 |
Q2, 2076/2077 |
||
|
Paid-Up Capital |
76,707.64 |
61,861.00 |
24.00% |
|
Reserve & Surplus |
68,671.23 |
32,477.22 |
111.44% |
|
Borrowings |
814,054.60 |
590,143.61 |
37.94% |
|
Deposits |
428,926.16 |
339,947.70 |
26.17% |
|
Loans and Adances |
1,246,255.77 |
893,247.43 |
39.52% |
|
Net Interest Income |
44,111.74 |
30,444.56 |
44.89% |
|
Provision for posible losses |
0.00 |
7,896.90 |
-100.00% |
|
Write back of provision |
9,856.54 |
2,838.93 |
247.19% |
|
Net Profit |
28,054.91 |
11,267.88 |
148.98% |
|
Capital Fund to RWA |
10.86% |
10.39% |
- |
|
NPL |
0.85% |
10.39% |
- |
|
Cost of Funds |
5.72% |
10.81% |
- |
|
Annualized EPS |
73.15 |
36.43 |
- |
|
Net worth per share |
189.52 |
152.50 |
- |
|
PE ratio |
21.65 |
- |
- |
