Samata Microfinance posted surge in net profit by 180% in Q2

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samata microfinance bittiya sanstha

Samata Microfinance Bittiya Sanstha has published second quarter report of FY 2075/76. It has reported increase in net profit by 180.27% in comparing period.

As per the published report, it has reported increase in net profit to Rs.72.17 lakh in this Q2 of Fiscal year 2075/76 from Rs.25.75 lakh in the same period of fiscal year 2074/75.



It has borrowing of Rs.58.41 crore & deposit of Rs.36.71 crore and floated in loan & advances of Rs.1.02 arba in the second quarter. Deposit increased by 97.64% & loan flow increase by 102.34% in the comparing period.

Its net interest income increased to Rs.2.83 crore in Q2 from Rs.1.73 crore in the last corresponding quarter. Operating profit increased to Rs.1.00 crore from Rs.26.79 lakh in the last year. Operating profit rose by 273.27% in the comparing period.

Its paid up capital is Rs.5.68 crore with reserves of Rs.3.78 crore.

Its non performing loan stands at 0.64% from 1.32% in the last year.

Annualized earning per share is Rs.25.38, Net worth per share is Rs.166.47 and PE ratio stands at 43.78 times.