Summit Laghubitta Posts Net Profit Of Rs. 1.85 Crores | Profit Drops By 52 Percent [Q1 Report]
November 7, 2022 | Investopaper
Summit Laghubitta Bittiya Santha Limited (SMFDB) has reported a 52 percent fall in net profit in the first quarter of the current fiscal year 2079/80. The microfinance earned a profit of Rs. 1.85 crores in the first three months of the current fiscal year. In the first quarter of the previous fiscal year, the net profit stood at Rs. 3.92 crores.
The drop in profit is due to fall in net interest income and other operating income of the microfinance.
As of Ashwin’s end 2079 BS, Summit Laghubitta has a paid-up capital of Rs. 49.40 crores. Likewise, the company has a total reserve and surplus of Rs. 27.17 crores. The microfinance has floated the loans of Rs.5.89 Arba, a 19 increment as compared the corresponding period of the previous year.
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The first-quarter report of Summit Laghubitta is summarized in the table below:
Summit Laghubitta (SMFDB): Q1 Report Summary, FY 2079/80
| Financial Indicators | Q1, F.Y. 2079/80 | Q1, F.Y. 2078/79 | Percent Change |
| Paid-up capital (Rs. ‘crores’) | 49.4 | 39.43 | 25.29 |
| Reserve and Surplus (Rs. ‘crores’) | 27.17 | 26.2 | 3.70 |
| Borrowings (Rs. ‘Arba’) | 3.72 | 3.17 | 17.35 |
| Deposits (Rs. ‘Arba’) | 1.36 | 1.1 | 23.64 |
| Loans & Advances (Rs. ‘Arba’) | 5.89 | 4.94 | 19.23 |
| Net Interest Income (Rs. ‘crores’) | 7.8 | 8.58 | -9.09 |
| Operating Profit (Rs. ‘crores’) | 2.94 | 6.23 | -52.81 |
| Net Profit (Rs. ‘crores’) | 1.85 | 3.92 | -52.81 |
| Non Performing Loans, NPL (%) | 2.25 | 2.56 | -12.11 |
| Cost Of Funds (%) | 8.68 | 7.45 | 16.51 |
| Earnings Per Share, EPS (Rs.) | 15 | ||
| Networth Per Share ( Rs.) | 155.02 | ||
| Market Price Per Share (Rs.) [Ashwin end, 2079 BS] | 764.00 | ||
| P/E Ratio | 50.93 |
Source: Unaudited Q1 Report, FY 2079/80
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.
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