Swabhiman Laghubitta Fourth Quarter Report; EPS stands at Rs. 41.78

Swabhiman Laghubitta has published the quarterly report of the fourth quarter of fiscal year 2075/76. The microfinance has recently issued IPO to the general public. In the fourth quarter, the profit of Swabhiman Laghubitta has grown to Rs. 2.58 crores. The rise in the profit is due to the surge in the net interest income by 283 percent. Until the fourth quarter of 2074/75, the microfinance earned a net interest income of Rs. 5.32 crores.

With the issue of the IPO shares, the paid-up capital has grown to Rs. 6.19 crores, up from Rs. 4.20 crores from the previous year. Likewise, the reserve has improved to Rs. 2.31 crores from negative 27 lakhs last year.

Swabhiman Laghubitta total loans have increased by 85 percent in the fourth quarter of 2075/76. The microfinance floated the loans of Rs. 79.21 crores. In the previous fiscal year, the total loans stood at Rs. 42.76 crores. Similarly, the borrowings and deposits have grown by 35 percent and 135 percent respectively.

Until the fourth quarter, Swabhiman Laghubitta NPL stands at 0.60 percent. Likewise, the cost of fund is 10.28 percent.

The microfinance has an EPS of Rs. 41.78 with net-worth per share of Rs. 137.42. At the end of the fourth quarter, the share price of Swabhiman Laghubitta stood at Rs. 471. At this price, the p/e ratio is 11.27.

The fourth-quarter report is summarized in the table below:

Swabhiman Laghubitta Fourth Quarter Report, FY 2075/76

HEADINGS 4TH QTR, 2075/76 4TH QTR, 2074/75 PERCENT CHANGE
PAID-UP CAPITAL (Rs. In crores) 6.19 4.2 47.38
RESERVE (Rs. In crores) 2.31 -0.27
BORROWINGS (Rs. In crores) 47.6 35.08 35.69
DEPOSITS (Rs. In crores) 27.83 11.83 135.25
LOANS  (Rs. In crores) 79.21 42.76 85.24
NET INTEREST INCOME (Rs. In crores) 5.32 1.39 282.73
PROFIT (Rs. In crores) 2.58 0.02 12800.00
NON PERFORMING LOANS, NPL (%) 0.6 0.05 1100.00
COST OF FUND (%) 10.28 11.53 -10.84
EARNINGS PER SHARE, EPS (Rs.) 41.78
NETWORTH PER SHARE (Rs.) 137.42
MARKET PRICE PER SHARE (Rs.) [Ashad 31] 471
P/E RATIO (based on the price of Ashad 31, 2076) 11.27

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