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|
|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|
|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|
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.
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