Swabhiman Microfinance earns Rs 82.85 lakhs profit in Q2; Company set to issue IPO worth Rs 1.98 crore
Thu, Jan 31, 2019 8:33 AM on Financial Analysis, Latest, Stock Market,
Swabhiman Microfinance Bittiya Sanstha has posted a net profit of Rs 82.85 lakhs in the second quarter of the fiscal year 2075/2076. The company has shown a very good progress in the second quarter of the current fiscal year compared to the same quarter of FY 2074/2075.
The microfinance company's net interest income has grown by more than 363.14% to Rs 1.70 crore this quarter. The Net profit and Operating profit of the company stand at Rs 82.85 lakh and 1.15 crore.
The company's paid-up capital stands at Rs 4.2 crore and its reserve has changed from negative Rs 68.95 lakhs in Q2 of FY 2074/2075 to positive Rs 55.82 lakhs in the Q2 of FY 2075/76.
The borrowing of the company has increased by 73.01% to Rs 43.26 crore from Rs 25 crore in the corresponding quarter of last fiscal year.
The microfinance has floated Rs 60.83 crore as loan & advances and has Rs 18.89 crore deposit in Q2 of current fiscal year.
Annualized EPS of the company stands at Rs 39.45 and net worth per share is Rs 113.29.
The company will be issuing shares worth Rs 1.98 crore for the general public in near future. 1.98 lakh unit shares of Swabhimaan Microfinance Bittiya Sanstha Limited has added in the SEBON pipeline for approval.
Siddhartha Capital has been appointed as the issue manager for the IPO issuance.
Major Highlights:
|
Particulars (In Rs '000) |
SMBSL |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
42,000 |
14,000 |
200.00% |
|
Reserve & Surplus |
5,582 |
(6,895) |
-180.95% |
|
Deposits |
188,912 |
46,669 |
304.79% |
|
Borrowings |
432,609 |
250,042 |
73.01% |
|
Loans & Advances |
608,329 |
227,857 |
166.98% |
|
Net Interest Income |
17,068 |
3,685 |
363.14% |
|
Provision for possible losses |
2,095 |
1,780 |
17.68% |
|
Operating Profit |
11,557 |
(3,962) |
- |
|
Net Profit |
8,285 |
(3,962) |
- |
|
NPL (%) |
0.14 |
- |
- |
|
Annualized EPS (In Rs.) |
39.45 |
(56.59) |
-169.71% |
|
Net Worth per Share (In Rs.) |
113.29 |
50.75 |
123.24% |
