Profit Of Sparsha Laghubitta Surges By 84.5% In FY 2076/77
August 6, 2020 | Investopaper
Sparsha Laghubitta Bittiya Sanstha Limited has made a net profit of Rs. 2.88 crores in the fourth quarter of the last fiscal year 2076/77. In the corresponding period of the previous fiscal year, the microfinance had earned a net profit of Rs. 1.56 crores . The company’s net profit in the fourth quarter of fiscal year 2076/77 was 84.57 percent higher than the previous year.
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The company’s operating profit has increased by 70 percent over the previous year. The company earned Rs.3.89 crores in the last fiscal year which stood at Rs 2.29 crores in the corresponding period of the previous year. Net interest income has also increased by 70 percent over the previous year. The company had earned Rs 7.53 crores net interest income as compared to Rs 4.42 crores in the previous fiscal year.
The company, which has given 13 percent bonus shares to the shareholders, has a paid-up capital of Rs. 9.37 crores.. Till the fourth quarter of fiscal year 2076/77, the reserve fund of the company was Rs. 3.68. By the same period previous year, the company’s reserve fund amount was Rs. 1.58 crores. Compared to the previous year, the company’s reserve fund was 132 percent higher last year.
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The company, which had collected Rs 21.43 crores in deposits till the fourth quarter of last year, has disbursed Rs 1.20 Arba in loans. During this period, the company has borrowed Rs. 71.20 crores from various banks and financial institutions. Compared to the previous year, the company’s deposit collection increased by 28.60 percent and credit flow increased by 12.88 percent. Similarly, the company has borrowed 3.80 percent more than the previous year.
The non-performing loan of the company, which was 0.49 percent in the previous year, has reached 1.76 percent in fiscal year 2076/77. The company has an annual earnings per share (EPS) of Rs 30.74 and a net worth of Rs 139.23 per share.
Sparsha Laghubitta Report Summary, FY 2076/77
| Headings | 4th Qtr, F.Y. 2076/77 | 4th Qtr, F.Y. 2075/76 | Percent Change |
| Paid up capital(Rs.’crores’) | 9.37 | 8.3 | 12.89 |
| Reserve and Surplus(Rs.’ crores’) | 3.68 | 1.58 | 132.91 |
| Borrowings (Rs.’Arba’) | 0.71 | 0.69 | 2.90 |
| Deposits(Rs.’Arba’) | 0.21 | 0.17 | 23.53 |
| Loans & Advances(Rs.’Arba’) | 1.02 | 0.9 | 13.33 |
| Net Interest Income(Rs.’crores’) | 7.53 | 4.42 | 70.36 |
| Operating Profit (Rs. “crores’) | 3.89 | 2.29 | 69.87 |
| Net Profit(Rs.’crores’) | 2.88 | 1.56 | 84.62 |
| Non Performing Loans, NPL(%) | 1.76 | 0.49 | 259.18 |
| Cost of Funds (%) | 10.45 | 11.68 | -10.53 |
| Earnings Per Share, EPS(Rs.) | 30.74 | ||
| Networth Per Share ( Rs.) | 139.23 | ||
| Market Price Per Share (Rs.) [Ashad end, 2077] | 915.00 | ||
| P/E Ratio | 29.77 |
Note:
The above figures are based on the unaudited 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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About Sparsha Laghubitta
Sparsha Laghubitta Bittiya Sanstha Limited (SLBSL), is a D Class licensed Microfinance Institution from Nepal Rastra Bank. The major promoters include Global IME Bank Nepal Ltd(Janata Bank), Mega Bank Nepal Ltd and various reputed Businessman and others.
Sparsha Laghubitta was registered as a Public limited company in Falgun 4, 2073. It started its microfinance operation from Ashad 29, 2074. Currently, it is operating in 10 districts with its 20 branch offices.
Prof. Dr. Sushil Bhakta Mathema is the chairman of the company. Likewise, Mr. Sajal Khadka leads the microfinance as the chief executive officer (CEO).
Related: List of ‘D’ Class Microfinance Companies In Nepal
