Samudayik Laghubitta Reports Fall In Profit By 80 Percent In Q1

October 22, 2020 | Investopaper

Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL) has reported a fall in net profit in the first quarter of the fiscal year 2077/78. The decline is profit is mainly due to the huge rise in non performing loan (NPL). The NPL of the microfinance skyrocketed to 16.08 percent from 1.84 percent of the corresponding period of the previous fiscal year.

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The major financial indicators of Samudayik Laghubitta based on the unaudited first quarterly report are:

Major Financial Indicators Of Samudayik Laghubitta (SLBSL)

Paid up capital: Rs 13.2 crores

Reserve and Surplus: Rs 5.72 crores

Borrowings: Rs 70.61 crores

Deposits: Rs 45.03 crores

Loans & Advances: Rs 1.18 Arba

Net Interest Income: Rs 2.79 crores

Operating Profit: –Rs 0.48 crores

Net Profit: Rs 0.11 crores

Non Performing Loans (NPL): 16.08 percent

Cost of Funds: 6.31 percent

Earnings Per Share: Rs 3.40

Networth Per Share: Rs 143.36

The table below summarized the first quarterly report of Samudayik Laghubitta.

Samudayik Laghubitta (SLBSL) First Quarterly Report Summary, FY 2077/78

Financial Indicators 1st Qtr, 2077/78 1st Qtr, 2076/77 Percent Change
Paid up capital(Rs.’crores’) 13.2 10 32.00
Reserve and Surplus(Rs.’ crores’) 5.72 8.31 -31.17
Borrowings(Rs.’ crores’) 70.61 53.86 31.10
Deposits(Rs.’ crores’) 45.03 37.25 20.89
Loans & Advances(Rs.’ crores’) 117.74 96.71 21.75
Net Interest Income(Rs.’crores’) 2.79 2.12 31.60
Operating Profit (Rs. “crores’) -0.48 1.04 -146.15
Net Profit(Rs.’crores’) 0.11 0.66 -83.33
Non Performing Loans, NPL(%) 16.08 1.84 773.91
Cost of Funds (%) 6.31 8.72 -27.64
Earnings Per Share, EPS(Rs.) 3.40
Networth Per Share ( Rs.) 143.36
Market Price Per Share (Rs.) [Ashwin  end, 2077] 777
P/E Ratio 228.53

Note:

The above figures are based on the un-audited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.

To see the reports of other companies, CLICK HERE.

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