Sampada Laghubitta Bittiya Sanstha has shown a solid financial performance in the third quarter of fiscal year 2081/82. The microfinance company earned a net profit of Rs. 10.70 crores, which is a big rise of 74.88% compared to Rs. 6.12 crores during the same quarter last year.
The company’s earnings per share (EPS) also improved, reaching Rs. 20.37, up from Rs. 11.65. Strong lending activities mainly supported this growth. Its net interest income jumped by 127.54%, reaching Rs. 48.33 crores, compared to Rs. 21.24 crores in the previous year.
Loan disbursements increased slightly by 3.22%, totaling Rs. 10.06 Arba. Customer deposits also grew by 3.85%, reaching Rs. 2.64 Arba. On the other hand, the company’s total borrowings dropped by 3.45%, settling at Rs. 6.33 Arba.
Employee-related expenses almost doubled, increasing by 93.61% to Rs. 23.47 crores. Moreover, the company faced a huge jump in impairment costs, which shot up to Rs. 5.87 crores from just Rs. 7.23 lakhs a year earlier. This shows the company has set aside more money to cover possible loan losses.
Even with the rising costs, Sampada Laghubitta managed to grow its operating profit to Rs. 15.29 crores, a 74.88% increase, reflecting its overall strong performance. However, after making necessary adjustments and allocations, the company ended the quarter with a negative distributable profit of Rs. 72.89 lakhs.
The capital adequacy ratio slightly decreased to 8.46% from 8.50%, and the percentage of non-performing loans (NPL) rose to 6.71% from 4.10%, indicating a decline in loan quality. On a positive note, the cost of funds came down to 7.84% from 9.90%, and the net worth per share increased by 10.83%, reaching Rs. 153.98.
By the end of the third quarter, the company’s stock was trading at Rs. 971.08 with a price-to-earnings (PE) ratio of 47.68 times.
Key Financial Highlights
| Indicator | Q3 FY 2081/82 | Q3 FY 2080/81 | Change |
|---|---|---|---|
| Net Profit | Rs. 10.70 Cr | Rs. 6.12 Cr | ↑ 74.88% |
| Earnings Per Share (EPS) | Rs. 20.37 | Rs. 11.65 | ↑ 74.88% |
| Net Interest Income | Rs. 48.33 Cr | Rs. 21.24 Cr | ↑ 127.54% |
| Customer Loans | Rs. 10.06 Arba | Rs. 9.74 Arba* | ↑ 3.22% |
| Customer Deposits | Rs. 2.64 Arba | Rs. 2.54 Arba* | ↑ 3.85% |
| Borrowings | Rs. 6.33 Arba | Rs. 6.56 Arba* | ↓ 3.45% |
| Personnel Expenses | Rs. 23.47 Cr | Rs. 12.12 Cr* | ↑ 93.61% |
| Impairment Charges | Rs. 5.87 Cr | Rs. 7.23 Lakhs | ↑ 8000%+ |
| Operating Profit | Rs. 15.29 Cr | Rs. 8.74 Cr* | ↑ 74.88% |
| Distributable Profit | -Rs. 72.89 Lakhs | – | Negative |
| Capital Adequacy Ratio (CAR) | 8.46% | 8.50% | ↓ 0.04% |
| Non-Performing Loans (NPL) | 6.71% | 4.10% | ↑ 2.61% |
| Cost of Funds | 7.84% | 9.90% | ↓ 2.06% |
| Net Worth Per Share | Rs. 153.98 | Rs. 138.94* | ↑ 10.83% |
| Market Price (End of Q3) | Rs. 971.08 | – | – |
| P/E Ratio | 47.68x | – | – |