Suryodaya Laghubitta Bittiya Sanstha has published First quarter report of Fiscal Year 2076/77. Net profit surged by 155.73% in the comparing period.
As per the published report, the microfinance company has reported surge in net profit to Rs.1.41 crore in this Q1 of Fiscal year 2075/76 from Rs.55.45 lakh in the same period of fiscal year 2075/76.
It has borrowed Rs 1.19 arba and collected deposit of Rs.68.65 crore in this period. It had floated loan & advances of Rs. 1.73 arba in this first quarter which was Rs.95.80 crore in Q1 of FY 2075/76.
Its net interest income increased to Rs.3.69 crore in Q1 from Rs.2.18 crore in the last corresponding quarter of FY 2075/76.
Likewise, Operating profit increased to Rs.2.02 crore from the operating profit of Rs.70.30 lakh in the FY 2074/75
Its paid up capital is Rs.10.79 crore with reserves of Rs.12.79 crore. It had proposed 44.4778% bonus shares and 2.3409% cash dividend from the income of FY 2075/76.
Its non performing loan (NPL) decreased to 0.93% from 1.19%. Cost of fund stands at 10.29% and capital adequacy at 10.46%.
Annualized earning per share (EPS) stands at Rs 52.56, Net worth per share at Rs.218.56 and PE ratio at 15.08 times.
