With The Increment In Revenue, Summit Laghubitta Sees Major Improvement In Net Profit In Q2
Fri, Jan 28, 2022 8:57 AM on Company Analysis, Latest,
Summit Laghubitta Bittiya Sanstha Limited (SMFDB) has posted a net profit of Rs 8.50 crore and published its 2nd quarter company analysis of the fiscal year 207/78.
The profit of the company in Q2 2078/79 has increased by 100.28% compared to Rs 4.24 crores in Q2 2077/78.
The borrowings of the company have increased by 84.98% to Rs 3.42 Arba from Rs 1.85 Arba in Q2 2077/78. The microfinance company collected deposits of Rs 1.24 Arba and has floated loans of Rs 5.47 Arba in Q2 2077/78. Loan & advances of the company have increased by 60.72% compared to the corresponding quarter of last fiscal year.
The net interest income of the company has grown by 81.59% to Rs. 17.95 crores.
The Paid-Up capital and reserve of Summit Laghubitta Bittiya Sanstha Limited stand at Rs 49.40 crores and Rs 19.30 crores respectively.
The EPS and net worth per share stood at Rs 34.45 and Rs 139.07 respectively in Q2 2078/79. Moreover, the P/E ratio according to the report is 38.64 times.
Major financial highlights:
|
Particulars |
Summit Laghubitta Bittiya Sanstha Limited |
||
|
Q2, 2078/2079 |
Q2, 2077/2078 |
Difference |
|
|
Paid-Up Capital |
494,000.00 |
394,300.00 |
25.29% |
|
Reserve & Surplus |
193,025.69 |
144,765.16 |
33.34% |
|
Borrowings |
3,422,462.09 |
1,850,175.91 |
84.98% |
|
Deposits |
1,246,205.76 |
1,055,052.61 |
18.12% |
|
Loans & Advances |
5,470,140.67 |
3,403,463.00 |
60.72% |
|
Net Interest Income |
179,502.73 |
98,850.08 |
81.59% |
|
Provision for losses |
19,933.28 |
67,548.84 |
- |
|
Net Profit |
85,081.68 |
42,481.32 |
100.28% |
|
Capital Adequacy (%) |
11.76% |
14.64% |
- |
|
NPL (%) |
2.35% |
3.94% |
- |
|
Cost of fund (%) |
11.45% |
7.07% |
- |
|
EPS (Rs.) |
34.45 |
21.55 |
- |
|
Net worth per share (Rs.) |
139.07 |
136.71 |
- |
|
Qtr end PE ratio (Times) |
38.64 |
- |
- |
|
Qtr End Market Price |
1331 |
- |
- |
