Swarojgar Laghubitta publishes its fourth quarter report; Decent growth in profit along with increase in borrowings and lendings

Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) has posted rise in net profit of 28.30 percent for fourth quarter (Q4) in the FY 2074/75.

According to the published unaudited financial reports, the microfinance company showed an increase in its net profit from Rs 2.83 crore in Q4 of the previous FY 73/74 to Rs 3.65 crore in Q4 of the FY 2074/75.

The company has collected deposits of Rs 78.23 crore and floated loans of Rs 2.13 arba in the Q4 of the FY 2074/75 whereas it's borrowing has amounted to Rs 1.41 arba.

SLBBL's net interest income has risen by 35.57% to Rs 12.67 crore and the operating profit has also increased by 24.02% to Rs 5.28 crore.

Its provision for possible losses has increased by 70.12% amounting Rs 1.67 crore and NPL has reached 0.36% in the fourth quarter of the FY 2074/75 from 0.22% reported in the corresponding quarter of the previous FY.

SLBBL has paid up capital of Rs 12.24 crore in Q4 of FY 2074/75 and its reserve has gone up from Rs 3.06 crore to Rs 6.64 crore in Q4 of FY 2074/75 with a growth of 117.06 percent.

Its earning per share (EPS) is at Rs 29.87 from Rs 25.90 in the corresponding quarter.

Its net worth per share is at Rs 154.26, an increment of 20.58 percent and the P/E ratio at 28.96 times.

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