Summit Laghubitta earns Rs 5.97 crore with EPS of Rs 28.43 in Q4; non performing loan rises to 2.26%

Aug Fri 2019 07:16:18

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Summit Laghubitta earns Rs 5.97 crore with EPS of Rs 28.43 in Q4; non performing loan rises to 2.26%

Summit Laghubitta Bittiya Sanstha Limited (SMFDB) has published its fourth quarter (Q4) report of FY 2075/76. The micro finance has reported a net profit of Rs 5.97 crore, which is a 49.16% rise from the corresponding quarter of previous year.

Similarly, its net interest income has also increased from Rs 11.35 crore in corresponding quarter of previous year to Rs 15.72 crore in the fourth quarter of 2075/76. Its paid-up capital remains at Rs 21 crore with reserve and surplus of Rs 10.51 crore.

The company has borrowings of Rs 60.24 crore in the fourth quarter, falling from Rs 78.86 crore in the corresponding quarter of last year. Likewise, it has extended loans and advances of Rs 1.58 arba till Q4 whereas in the same period last year the figure stood at Rs 1.54 arba.

Its non-performing loan (NPL) has increased to 2.26% in Q4 from 0.68% in the previous year report.

It earning per share (EPS) stands at Rs 28.43, net worth per share at Rs 150.07. Its quarter end PE stands at 17.94.