Sparsha Laghubitta doubles its loans in a year; First quarter report shows decent growth

October 24, 2019 | Investopaper

In the first quarter of the fiscal year 2076/77, Sparsha Laghubitta has shown decent performance growth. The microfinance with the capital of Rs. 8.29 crores, has netted a positive net profit of Rs. 55 lakhs. This gives the stock an annualized Earnings Per Share (EPS) of Rs. 26.55. Likewise, the net worth per share is Rs. 125.72.

Up to the first quarter of this year, Sparsha Laghubitta has floated the loans of Rs. 95.57 crores, up by 110 percent from the corresponding quarter of the previous year. With the rise in borrowings and deposits by 44 percent and 144 percent respectively, the microfinance earned a net interest income of Rs. 1.43 crores.

The non-performing loan (NPL) has slightly increased to 0.62 percent. On the other hand, the cost of fund has declined to 10.6 percent.

The first-quarter report of Sparsha Laghubitta is shown in the table below:

Sparsha Laghubitta First quarter report, 2076/77

HEADINGS 1st QTR, 2076/77 1st QTR, 2075/76 PERCENT CHANGE
PAID-UP CAPITAL (Rs. In crores) 8.29 5.6 48.04
RESERVE (Rs. In crores) 2.13 -0.28
BORROWINGS (Rs. In crores) 70.68 49.2 43.66
DEPOSITS (Rs. In crores) 19.27 7.9 143.92
LOANS  (Rs. In crores) 95.57 45.41 110.46
NET INTEREST INCOME (Rs. In crores) 1.43 0.39 266.67
PROFIT (Rs. In crores) 0.55 -0.31
NON PERFORMING LOAN, NPL (%) 0.62 0.42 47.62
COST OF FUND (%) 10.6 11.79 -10.09
MARKET PRICE PER SHARE (Rs.) [Ashwin 30, 2076] 531
P/E RATIO 20.00


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