Support Laghubitta Reports 75.02% Increase in Q4 Net Profit, EPS Surges to Rs. 22.16, and NPL Declines to 1.63%
Thu, Jul 25, 2024 7:33 AM on Financial Analysis, Company Analysis, Latest,
Support Laghubitta Bittiya Sanstha Limited (SMB) has disclosed its fourth-quarter financial results for the fiscal year 2080/2081, showcasing a commendable financial performance. The company reported a substantial 75.02% increase in net profit, which surged from NPR 2.38 crores to NPR 4.16 crores compared to the corresponding quarter of the previous year.
A significant contributor to this growth was the 18.19% rise in core revenue (net interest income), which increased from NPR 7.02 crores to NPR 8.29 crores.
Additionally, the company's borrowings surged by 19.41%, reaching NPR 1.26 Arba, while loans and advances saw a notable uptick of 14.10%, amounting to NPR 1.66 Arba during this quarter. Notably, SMB reported impairment charges amounting to NPR 9.73 lakhs, which marked a significant decrease of 72.63%.
SMB's financial position at the end of the quarter revealed a paid-up capital of NPR 10.76 crores, with reserves and surplus standing at NPR 5.33 crores. The annualized earnings per share (EPS) was reported at NPR 22.16, with the net worth per share recorded at NPR 149.55. During the period, SMB traded at a P/E multiple of 83.95 times.
| Particulars (In Rs '000) | Support Laghubitta | ||
|---|---|---|---|
| Q4 2080/81 | Q4 2079/80 | Difference | |
| Paid Up Capital | 107,618.94 | 95,238.00 | 13.00% |
| Reserve & Surplus | 53,323.26 | 42,332.36 | 25.96% |
| Deposits | 349,170.56 | 303,370.37 | 15.10% |
| Borrowings | 1,268,098.73 | 1,061,968.15 | 19.41% |
| Loans & Advances | 1,667,830.00 | 1,461,663.04 | 14.10% |
| Net Interest Income | 82,999.53 | 70,223.18 | 18.19% |
| Staff Expenses | 53,920.94 | 46,525.67 | 15.90% |
| Provision for possible losses | 973.78 | 3,557.22 | -72.63% |
| Operating Profit | 29,791.60 | 10,120.64 | 194.36% |
| Net Profit | 23,843.17 | 13,622.89 | 75.02% |
| EPS (In Rs.) | 22.16 | 14.30 | 54.89% |
| Net Worth per Share (In Rs.) | 149.55 | 144.45 | 3.53% |
| Capital Adequacy (%) | 9.01 | 8.85 | 1.81% |
| NPL (%) | 1.63 | 1.83 | -10.93% |
| Cost of Fund (%) | 9.99 | 11.22 | -10.96% |
| Qtr end PE Ratio (times) | 83.95 | - | - |
| Qtr End Market Price | 1860 | - | - |
