Support Laghubitta's Q4 Net Profit Soars 181% to Rs. 7.61 Crores, EPS Reaches Rs. 56.82

Support Laghubitta Bittiya Sanstha Limited (SMB) has reported a strong financial performance in the fourth quarter of Fiscal Year 2082/83, posting a net profit of Rs. 7.61 crores, a remarkable 181.36% year-on-year increase from Rs. 2.70 crores recorded in the corresponding quarter of the previous fiscal year. The company's financial position also strengthened, with reserves and surplus rising by 49.45% to Rs. 7.28 crores, while paid-up capital remained unchanged at Rs. 13.40 crores. Support Laghubitta delivered solid operational growth during the review period. Operating profit surged by 134.25% to Rs. 10.19 crores, while net interest income increased by 35.55% year-on-year to Rs. 18.49 crores. Meanwhile, personnel expenses rose by a moderate 40.73% to Rs. 8.84 crores. The institution also reported negative impairment charges of Rs. 1.02 crores, which further supported its profitability. On the balance sheet front, customer deposits grew by 29.50% to Rs. 59.77 crores, while loans and advances increased by 15.70% to Rs. 2.20 arba. Asset quality improved significantly, with the non-performing loan (NPL) ratio declining to 2.16% from 5.76% a year earlier. At the same time, the cost of funds fell sharply by 6.12 percentage points to 6.99%, reflecting improved funding efficiency. The institution's capital adequacy ratio strengthened to 10.92%, up from 9.11% in the previous year. Earnings per share (EPS) rose substantially to Rs. 56.82 from Rs. 22.11, while net worth per share increased by 25.60% to Rs. 205.13. At the end of the quarter, Support Laghubitta's shares traded at Rs. 1,827, translating into a price-to-earnings (P/E) ratio of 32.15 times. Report: Major Financial Highlights:

Particulars (In Rs '000) Support Laghubitta Bittiya Sanstha Limited

Q4 2082/83 Q4 2081/82 Difference

Paid Up Capital 134,075.58 122,443.45 9.50%

Retained Earnings 68,078.72 28,771.96 136.61%

Reserves 72,870.04 48,759.71 49.45%

Borrowings 0.00 0.00 0.00%

Deposits from Customers 597,756.37 461,594.83 29.50%

Loans and Advances to Customers 2,206,844.21 1,907,417.09 15.70%

Net Interest Income 184,945.86 136,437.80 35.55%

Personnel Expenses 88,430.22 62,836.35 40.73%

Impairment Charges -10,259.92 27,557.66 -137.23%

Operating Profit 101,970.63 43,530.77 134.25%

Net Profit 76,184.95 27,077.67 181.36%

Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments  68,078.72 0.00 0.00%

Capital Adequacy (%) 10.92 9.11 19.87%

NPL (%) 2.16 5.76  

Cost of Fund (%) 6.12 6.99 -12.45%

EPS (In Rs.) 56.82 22.11 156.95%

Net Worth per Share (In Rs.) 205.13 163.32 25.60%

Qtr end PE Ratio (times) 32.15

Qtr End Market Price 1827.00