Swarojgar Laghubitta fourth quarter report; profit rises by 120 percent

August 4, 2019 | Investopaper

Swarojgar Laghubitta has published its fourth-quarter report of FY 2075/76 today. The unaudited report shows a 120.49 percent rise in its net profit as compared to last year’s corresponding quarter. The net profit stands at Rs. 8.07 crores for this quarter. Last year, the microfinance made a profit of Rs. 3.66crores in the fourth quarter.

The paid-up capital stands at Rs. 26.95 crores. Similarly, reserve & surplus is at Rs. 12.52 crores. The microfinance has loans and advances of  Rs. 3.01 Arab. Also, the company reported a net interest income of Rs. 20.37 crores in this period which is 60.65% more than the previous year’s 4th quarter.

The non-performing loan stands at 0.88 percent which is up by 144 percent compared to the previous year’s corresponding quarter. Annualized EPS is at Rs. 29.96. The cost of the fund has slightly decreased to 9.88%.

Financial Highlights of Swarojgar Laghubitta, 4th Quarter .F.Y. 2075/76

HEADINGS 4TH QTR, 2075/76 4TH QTR, 2074/75 PERCENT CHANGE
PAID-UP CAPITAL (Rs. In crores) 26.95 12.25 120.00
RESERVE (Rs. In crores) 12.52 6.64 88.55
BORROWINGS (Rs. In crores) 142.79 141.27 1.08
DEPOSITS (Rs. In crores) 125.54 78.23 60.48
LOANS  (Rs. In crores) 301.69 213.23 41.49
NET INTEREST INCOME (Rs. In crores) 20.37 12.68 60.65
PROFIT (Rs. In crores) 8.07 3.66 120.49
NON PERFORMING LOANS, NPL (%) 0.88 0.36 144.44
COST OF FUND (%) 9.88 9.98 -1.00
EARNINGS PER SHARE, EPS (Rs.) 29.96
NETWORTH PER SHARE (Rs.) 146.46
MARKET PRICE PER SHARE (Rs.) [Ashad 31] 441
P/E RATIO (based on the price of Ashad 31, 2076) 14.72

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