Support Laghubitta's Q3: Net Profit Decline by 42.33% to Rs 63.32 Lakhs, NPL at 3.25% and EPS at Rs 8.86
Tue, Apr 25, 2023 10:48 AM on Latest, Financial Analysis,
Support Laghubitta Bittiya Sanstha Limited (SMB) has published its unaudited financial report for Q3 of the FY 2078/79 with Rs 63.32 Lakhs as net profit with a decline of 42.88%. Microfinance had a net profit of Rs 1.75 Crore in the corresponding quarter of the previous year.
It has collected Rs 28.78 Crore as deposits and has Rs 98.04 Crore as borrowings and floated loans of Rs 1.39 Arba. The paid-up capital of the company is Rs 9.52 crore and it has a reserve of Rs 3.65 Crore.
The net interest income as of the third quarter was Rs 4.52 crore down from Rs 5.42 crore posted in the corresponding quarter of the previous year. The operating profits decline by 65.7% to Rs 60.35 Lakhs from Rs 1.75 crore.
The non-performing loans of the company decreased from 4.41% to 3.25% by the end of the third quarter.
Its annualized EPS is Rs 8.86; net worth per share is Rs.138.4 whereas its quarter-end PE stands at 104.01 times.
Major Highlights:
| Particulars (In Rs '000) | Support Laghubitta | ||
| Q3 2079/80 | Q3 2078/79 | Difference | |
| Paid Up Capital | 95,238 | 85,800 | 11.00% |
| Reserve & Surplus | 36,576 | 41,302 | -11.44% |
| Borrowings | 980,450 | 912,183 | 7.48% |
| Deposits | 287,829 | 255,647 | 12.59% |
| Loans & Advances | 1,397,024 | 1,248,754 | 11.87% |
| Net Interest Income | 45,210 | 54,251 | -16.66% |
| Staff Expenses | 32,990 | 31,376 | 5.14% |
| Provision for possible losses | 0 | 5,252 | 0.00% |
| Operating Profit | 6,035 | 17,594 | -65.70% |
| Write Back | 4,015 | 0 | - |
| Net Profit | 6,332 | 11,084 | -42.88% |
| Capital Adequacy (%) | 8.66 | 9.28 | -6.68% |
| NPL (%) | 3.25 | 4.14 | - |
| Cost of Fund (%) | 11.91 | 10.39 | 14.63% |
| Annualized EPS (In Rs.) | 8.86 | 17.23 | -48.54% |
| Net Worth per Share (In Rs.) | 138.40 | 148 | -6.57% |
| Qtr end PE Ratio (times) | 104.01 | - | - |
| Qtr End Market Price | 922 | - | - |
