ss-pro

Net profit rises by 100% for Samudayik Laghubitta; 3 lakh unit IPO issuance still under dilemma

Mon, May 14, 2018 3:02 AM on Financial Analysis, Latest, Stock Market,
-ShareSansar

Samudayik Laghubitta Bittiya Sanstha Limited has posted massive growth in net profit by 134.12% to Rs 1.37 crore in the third quarter (Q3) of fiscal year 2074/75.

Publishing the unaudited financial report for the third quarter today, the microfinance institution has stated that its operating profit has also increased to Rs 2.15 crore in Q3 from Rs 92.25 lakh in the corresponding quarter of the last fiscal year.

The micro finance institution’s borrowing remains to be Rs 41.57 crore and has collected Rs 25.03 crore in deposits.

Likewise, it has extended loans and advances of Rs 71.65 crore in Q3 of FY 2074/75 whereas in the same period last year the figure stood at Rs. 51.40 crore.

It has a paid up capital of Rs 7 crore and has Rs 3.71 crore in reserve and surplus.

Its non- performing loan (NPL) has decreased to 1.78 % in Q3 from 1.96 % in the third quarter of the last fiscal year.

Its earning per share (EPS) has increased to Rs 26.18 in Q3 from Rs 14.23 previous year. Its net worth per share stands at Rs 153.12.

The company’s 3 lakh unit IPO issuance is still under uncertainty which was announced to be issued in Magh 9, 2074.

Major Highlights:

Particulars (In Rs '000)

SAMUDAYIK LAGHUBITTA

Q3 2074/75

Q3 2073/74

Difference

Paid Up Capital

70,000

55,000

27.27%

Reserve & Surplus

37,181

17,141

116.91%

Deposits

250,307

185,974

34.59%

Borrowings

415,744

259,508

60.20%

Loans & Advances

716,590

514,035

39.40%

Net Interest Income

46,589

43,143

7.99%

Provision for possible losses

4,603

3,639

26.46%

Operating Profit

21,597

9,225

134.12%

Net Profit

13,744

5,870

134.12%

NPL (%)

1.78

1.96

-9.18%

Annualized EPS (In Rs.)

26.18

14.23

83.95%

Net Worth per Share (In Rs.)

153.12

131.17

16.73%

P/E Ratio (In times)

0

-

- 
naturo-earth