Support Laghubitta Reports Stellar Q4 Results: Net Profit Surges to Rs 2.27 Crores, EPS at Rs 23.86, NPL Down From 8.56% to 1.83%
Fri, Aug 4, 2023 9:32 AM on Latest, Financial Analysis,
Support Laghubitta Bittiya Sanstha Limited (SMB) has released its unaudited financial report for the fourth quarter of the fiscal year 2079/80. The report highlights a commendable performance across various financial indicators. Notably, the institution's net profit surged by an impressive 132.21% compared to the same period in the previous fiscal year, reaching Rs. 2.27 Crores, showcasing the company's robust financial growth.
The Earnings Per Share (EPS) also displayed a remarkable increase, standing at Rs 23.86, indicating a growth rate of 132.21%. This growth underscores the institution's ability to generate substantial earnings for its shareholders. Moreover, the Reserve & Surplus witnessed a significant surge of 73.77%, demonstrating prudent financial management and a strengthened capital base.
The non-performing loans of the company decreased from 8.56% to 1.83% by the end of the fourth quarter.
Support Laghubitta's financial stability and efficient operations are evident in its Net Interest Income, which recorded a substantial 25.07% increase, reaching Rs. 21.63 Crores. Additionally, the institution's decision to write back a provision for possible losses amounted to Rs 1.69 Crores, showcasing a notable recovery and a positive impact on the financial bottom line.
| Particulars (In Rs '000) | Support Laghubitta | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 95,238.00 | 95,238.00 | 0.00% |
| Reserve & Surplus | 52,087.24 | 29,974.08 | 73.77% |
| Borrowings | 1,061,968.15 | 952,330.05 | 11.51% |
| Deposits | 303,370 | 269,405 | 12.61% |
| Loans & Advances | 1,461,663 | 1,305,857 | 11.93% |
| Net Interest Income | 216,374 | 172,997 | 25.07% |
| Staff Expenses | 46,396 | 44,248 | 4.85% |
| Provision for possible losses | 0 | 15,602 | -100.00% |
| Operating Profit | 19,148 | 13,483 | 42.01% |
| Write Back | 16,926 | 2160.31 | 683.48% |
| Net Profit | 22,726 | 9,787 | 132.21% |
| Capital Adequacy (%) | 9.32 | 8.63 | 8.00% |
| NPL (%) | 1.83 | 8.56 | - |
| Cost of Fund (%) | 11.22 | 8.71 | 28.82% |
| Annualized EPS (In Rs.) | 23.86 | 10.28 | 132.21% |
| Net Worth per Share (In Rs.) | 154.69 | 131.47 | 17.66% |
| Qtr end PE Ratio (times) | 40.05 | - | - |
| Qtr End Market Price | 955.8 | - | - |
