Swabhiman Microfinance shows good performance in Q1 of FY 2075/76; income from interest grows by more than 600%; know the details here
Mon, Nov 12, 2018 11:51 AM on Financial Analysis, Latest, Stock Market,
Swabhiman Microfinance Bittiya Sanstha has posted a net profit of Rs 36.95 lakhs in the first quarter of the fiscal year 2075/2076. The company has shown a very good progress in the first 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 600% to Rs 73.67 lakhs this quarter. The Net profit and Operating profit of the company stand at Rs 36.95 lakhs and 44.53 lakhs further both the financials has increased by more than 200% in Q1 of FY 2075/2076 compared to the same quarter of last fiscal year.
|
Financials (Rs in 000) |
Q1 of 2075/76 |
Q1 of 2074/75 |
Change |
|
Paid-up |
42,000 |
14,000 |
200.00% |
|
Reserve & Surplus |
1,806 |
-5,595 |
132.28% |
|
Borrowing |
414,164 |
186,633 |
121.91% |
|
Deposits |
148,589 |
22,709 |
554.32% |
|
Loan & Advances |
507,451 |
165,454 |
206.70% |
|
Net Interest Income |
7,367 |
1,046 |
604.30% |
|
Operating Profit |
4,453 |
-2,662 |
267.28% |
|
Net Profit |
3,695 |
-2,662 |
238.81% |
The company's paid-up capital stands at Rs 4.2 crore and its reserve has changed from negative Rs 55 lakhs in Q1 of FY 2074/2075 to positive Rs 18 lakhs in the Q1 of FY 2075/76.
The borrowing of the company has increased by 121.91% to Rs 41.41 crore from Rs 18.66 crore in the corresponding quarter of last fiscal year.
The microfinance has floated Rs 50.74 crore as loan & advances and has Rs 14.85 crore deposit in Q1 of current fiscal year.
Annualized EPS of the company stands at Rs 35.19 and net worth per share is Rs 104.3.
1,80,000 unit shares of Swabhimaan Microfinance Bittiya Sanstha Limited has added in the pipeline.
The company will be issuing shares worth Rs 1.80 crore for the general public.
Siddhartha Capital has been appointed as the issue manager for the IPO issuance.
