Support Laghubitta Core Business Revenue Decreases by 21.07% In Q1 of FY 79/80; EPS Stands at Rs 2.08
Fri, Nov 11, 2022 1:15 PM on Latest, Financial Analysis, Stock Market,
Support Laghubitta Bittiya Sanstha Limited (SMB) published the first-quarter report of FY 2079/2080 with a decline in net profit by 67.66%. As per the report published by the company, the net profit decreased to Rs. 4.45 Lakhs as compared to Rs. 13.77 Lakhs in the corresponding quarter of the previous year.
The borrowings of the company increased by 14.72% to Rs. 98.07 crores which was Rs. 85.4 crores in the corresponding quarter of the previous year. The deposits of the company increased by 35.10% to Rs 28.4 crores. The company’s loans and advances have also increased by 28.16% to Rs. 1.37 Arba in this quarter.
The net interest income (core revenue) has decreased by 21.07% to Rs. 1.35 crores compared to Rs. 1.71 crore in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs 8.58 crores in this quarter and its reserve and surplus stood at Rs. 5.16 crores which is a decrease of 3.74% in this quarter.
Its annualized earnings per share (EPS) stand at Rs. 2.08 and the net worth per share is Rs. 160.24.
Major financial highlights
| Particulars (In Rs '000) | Support Laghubitta Bittiya Sanstha | ||
| Q1 2079/80 | Q1 2078/79 | Difference | |
| Paid Up Capital | 85,800.00 | 66,000.00 | 30.00% |
| Reserves and Surplus | 51,682.91 | 53,693.13 | -3.74% |
| Borrowings | 980,768.00 | 854,958.11 | 14.72% |
| Deposits | 284,161.84 | 210,328.91 | 35.10% |
| Loans & Advances | 1,374,448.41 | 1,072,409.88 | 28.16% |
| Net Interest Income | 13,571.83 | 17,193.84 | -21.07% |
| Staff Expenses | 12,027.55 | 11,213.99 | 7.25% |
| Provision for possible losses | 1,296.13 | 5,034.57 | -74.26% |
| Net Profit | 445.37 | 1,377.00 | -67.66% |
| Capital Adequacy (%) | 9.25 | 10.16 | -8.96% |
| NPL (%) | 4.66 | 3.88 | 20.10% |
| Cost of Fund (%) | 8.62 | 6.09 | 41.54% |
| EPS (In Rs.) | 2.08 | 8.35 | -75.12% |
| Net Worth per Share (In Rs.) | 160.24 | 181.35 | -11.64% |
| Qtr end PE Ratio (times) | 579.15 | - | - |
| Qtr End Market Price | 1202.5 | - | - |
