Swarojgar Laghubitta profit grows by 39% in Q2 of FY 75/76; earns Rs 2.36 crore
Sun, Feb 3, 2019 8:34 AM on Latest, Stock Market, Financial Analysis,
Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) has published a Q2 report of the fiscal year 2075/76 reporting a net profit of Rs 2.36 crore.
The profit of the company in Q2 of FY 2075/76 has grown by 39.6% compared to Rs 1.69 crore in the Q2 2074/75.
The borrowings of the company has increased by 43.32% to Rs 1.36 arba from Rs 95.09 crore.
The microfinance Company collected deposits of Rs 98.79 crore and has floated loans of Rs 2.46 arba till this quarter. Loan & advances of the company have increased by 45.87% compared to the corresponding quarter of last fiscal year.
The net interest income of the company has increased by 47.42%, from Rs 5.76 crore to Rs 8.49 crore in Q2 of FY 2075/76. Operating profit has increases by 20.90% to Rs 3.22 crore in Q2 of FY 2075/76.
The Microfinance Company has a Paid-Up of Rs 26.95 crore with reserved of Rs 6.81 crore. The annualized EPS and net worth per share stands at Rs 17.58 and Rs 125.29. P/E ratio according to the report is 30.72 times.
Major Highlights of Q2 2075/76
| Particulars (In Rs '000) | SLBBL | ||
|---|---|---|---|
| Q2 2075/76 | Q2 2074/75 | Difference | |
| Paid Up Capital | 269,512 | 122,498 | 120.01% |
| Reserve & Surplus | 68,168 | 46,852 | 45.50% |
| Deposits | 987,998 | 608,028 | 62.49% |
| Borrowings | 1,362,908 | 950,944 | 43.32% |
| Loans & Advances | 2,461,403 | 1,687,437 | 45.87% |
| Net Interest Income | 84,954 | 57,626 | 47.42% |
| Provision for possible losses | 11,631 | 4,337 | 168.21% |
| Operating Profit | 32,242 | 26,669 | 20.90% |
| Net Profit | 23,691 | 16,971 | 39.60% |
| NPL (%) | 0.81 | 0.23 | 252.17% |
| Annualized EPS (In Rs.) | 17.58 | 27.71 | -36.55% |
| Net Worth per Share (In Rs.) | 125.29 | 138.25 | -9.37% |
| P/E ratio | 30.72 |
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