Swarojgar Laghubitta almost triples its profit in the first quarter
November 4, 2019 | Investopaper
In the first quarter of the fiscal year, 2076/77 Swarojgar Laghubitta has posted a net profit of Rs. 2.81 crores. This is the growth of 181 percent from the corresponding quarter of the previous year. The profit stood at Rs. 1 crore in the first quarter of the last fiscal year.
The growth in profit is mainly due to the expansion of loans by 39 percent. The microfinance has floated total loans of Rs. 318 crores. The rise in loans has increased the net interest income by 61 percent to Rs. 6.85 crores.
With the growth in profit, Swarojgar Laghubitta has an annualized EPS of Rs. 41.69.
The first quarter un-audited report of Swarojgar Laghubitta is summarized in the table below:
Swarojgar Laghubitta First Quarter Report Summary, 2076/77
| HEADINGS | 1st QTR, 2076/77 | 1st QTR, 2075/76 | PERCENT CHANGE |
| PAID-UP CAPITAL (Rs. In crores) | 26.95 | 26.84 | 0.41 |
| RESERVE (Rs. In crores) | 15.33 | 4.97 | 208.45 |
| BORROWINGS (Rs. In crores) | 162.87 | 131.7 | 23.67 |
| DEPOSITS (Rs. In crores) | 138.98 | 87.28 | 59.23 |
| LOANS (Rs. In crores) | 317.99 | 229.11 | 38.79 |
| NET INTEREST INCOME (Rs. In crores) | 6.85 | 4.26 | 60.80 |
| PROFIT (Rs. In crores) | 2.81 | 1 | 181.00 |
| NON PERFORMING LOANS, NPL (%) | 0.98 | 0.51 | 92.16 |
| COST OF FUND (%) | 10.17 | 10.16 | 0.10 |
| EARNINGS PER SHARE, EPS (Rs.) | 41.69 | ||
| NETWORTH PER SHARE (Rs.) | 156.88 | ||
| MARKET PRICE PER SHARE (Rs.) [Ashwin 30, 2076] | 540 | ||
| P/E RATIO | 12.95 |
