Summit Laghubitta Bittiya Sanstha has published third quarter report of FY 2075/76. Net profit surged by 50.07% in comparing period.
As per the published report, it has reported surge in net profit to Rs.4.28 crore in this Q3 of Fiscal year 2075/76 from Rs.2.85 crore in the same period of fiscal year 2074/75.
It has borrowed Rs 65.09 crore and deposit of Rs.73.29 crore in Q3. It had floated loan & advances of Rs.1.63 arba in this third quarter. Deposit collection increased by 25.44% and loan disbursement increased by 7.15%.
Its net interest income increased to Rs.11.25 crore in Q3 from Rs.8.19 crore in the last corresponding quarter of FY 2074/75.
Operating profit increased to Rs.6.73 crore from the operating profit of Rs.4.48 crore in the last year.
Its paid up capital is Rs.21 crore with reserves of Rs.8.82crore.
Its non performing loan stands at 1.95% from 0.41%. Cost of fund 10.12% and capital adequacy at 17.39%.
Annualized earning per share (EPS) stands at Rs 27.19, Net worth per share at Rs.142.04 and PE ratio at 23.53 times.
