With A Growth In Core Business Revenue Bottom Line Increases For Summit Laghubitta In Q3
Tue, Apr 26, 2022 6:44 AM on Company Analysis, Latest,
Summit Laghubitta Bittiya Sanstha (SMFDB) published its third-quarter report of FY 2078/2079 with an increase in Net Profit by 17.20%. As per the report published by the company, the net profit increased to Rs. 11.74 crores as compared to Rs. 10.01 crores in the corresponding quarter of the previous year.
The borrowings of the company increased by 39.59% to Rs. 3.65 Arba which was Rs. 2.62 Arba in the corresponding quarter of the previous year. The company’s loans and advances have also increased by 39.21% to 5.83 Arba in this quarter.
The net interest income (core revenue) has increased by 41.60% to Rs. 26.32 crores compared to Rs. 18.59 crores in the corresponding quarter of the previous year.
The paid-up capital of the company increased to Rs. 49.40 crores in this quarter and its reserve and surplus stood at Rs. 22.53 crores which is an increase of 11.31% in this quarter.
Its annualized earnings per share (EPS) stand at Rs. 31.69. The net worth per share is Rs. 145.62 and the company traded at a P/E multiple of 35.59 times.
Financial Highlights:
|
Particulars |
Summit Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q3, 2078/2079 |
Q3, 2078/2079 |
Difference |
|
|
Paid-Up Capital |
494,000.00 |
394,300.00 |
25.29% |
|
Reserve & Surplus |
225,360.76 |
202,470.61 |
11.31% |
|
Deposits |
1,327,778.23 |
1,134,537.61 |
17.03% |
|
Borrowings |
3,658,964.73 |
2,621,305.55 |
39.59% |
|
Loans and Advances |
5,832,602.03 |
4,189,700.64 |
39.21% |
|
Net Interest Income |
263,256.50 |
185,914.10 |
41.60% |
|
Provision for possible losses |
22,749.09 |
63,767.72 |
- |
|
Operating Profit |
186,375.79 |
159,026.61 |
17.20% |
|
Write Back of provision for possible losses |
- |
- |
- |
|
Net Profit |
117,416.75 |
100186.76 |
17.20% |
|
Capital Adequacy Ratio |
11.64% |
13.01% |
- |
|
NPL (%) |
1.76% |
3.10% |
- |
|
Cost of Fund (%) |
11.62% |
6.79% |
- |
|
Annualized EPS (In Rs.) |
31.69 |
25.41 |
24.73% |
|
Net Worth per share (In Rs.) |
145.62 |
151.35 |
-3.79% |
|
Price to Earnings Ratio (times) |
35.59 |
- |
- |
