Swadeshi Laghubitta EPS stands at Rs. 34.98 after impressive growth in profit
January 28, 2020 | Investopaper
Swadeshi Laghubitta has reported a strong growth performance in the second quarter of the fiscal year 2076/77. The microfinance has posted a net profit of Rs. 4.83 crores, up by 82.26% from Rs. 2.65 crores in the same period of the previous year.
The growth in profit is mainly due to the increase in net interest income. Swadeshi Laghubitta earned Rs. 15.49 crores as a net interest income until the second quarter, a 52.61% rise from the corresponding period of the last year.
The company increased its loan portfolio by 38.42 percent to Rs. 272.95 crores.
The current capital of Swadeshi Laghubitta is Rs. 27.60 crores. Likewise, the reserve stands at Rs. 14.80 crores.
With the surge in profit, the Earnings Per Share (EPS) is at Rs. 34.98. Similarly, the per-share net worth is Rs. 153.62.
The second-quarter report of Swadeshi Laghubitta is also summarized in the table below:
Swadeshi Laghubitta Second Quarter Report, FY 2076/77
| HEADINGS | 2nd QTR, 2076/77 | 2nd QTR, 2075/76 | PERCENT CHANGE |
| PAID-UP CAPITAL (Rs. In crores) | 27.60 | 23.00 | 20 |
| RESERVE (Rs. In crores) | 14.80 | 13.99 | 5.79 |
| BORROWINGS (Rs. In crores) | 260.68 | 184.07 | 41.62 |
| DEPOSITS (Rs. In crores) | 119.06 | 80.94 | 47.10 |
| LOANS (Rs. In crores) | 377.83 | 272.95 | 38.42 |
| NET INTEREST INCOME (Rs. In crores) | 15.49 | 10.15 | 52.61 |
| PROFIT (Rs. In crores) | 4.83 | 2.65 | 82.26 |
| NON PERFORMING LOANS, NPL (%) | 1.82 | 1.87 | -2.67 |
| COST OF FUND (%) | 9.83 | 9.82 | 0.10 |
| EARNINGS PER SHARE, EPS (Rs.) | 34.98 | ||
| NETWORTH PER SHARE (Rs.) | 153.62 |
Note:
The above figures are based on the unaudited second-quarter report published by Swadeshi Laghubitta. 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.
