Support Laghubitta Bittiya Sanstha Limited (SMB) has unveiled its third-quarter fiscal report for the year 2080/2081, demonstrating remarkable financial performance. The company recorded a substantial 94.90% increase in net profit, surging from Rs. 63.31 lakhs to Rs. 1.23 crores compared to the corresponding quarter last year.
Core revenue, represented by net interest income, witnessed a notable 8.78% rise, reaching Rs. 4.91 crores from Rs. 4.5 crores in the same quarter of the previous year, contributing significantly to the growth in net profits.
Additionally, SMB experienced significant growth in borrowings, which surged by 30.34% to Rs. 1.27 Arba, while loans and advances saw a notable uptick of 24.02%, reaching Rs. 1.73 Arba during this quarter.
During Q3, the company reported impairment charges amounting to Rs. 10.09 Lakhs, showcasing prudent risk management practices.
SMB’s financial position remains robust, with a paid-up capital of Rs. 9.52 crores and reserves and surplus standing at Rs. 5.79 crores.
The annualized earnings per share (EPS) stood at Rs. 17.28, indicating strong profitability, while the net worth per share was recorded as Rs. 160.80. Notably, SMB traded at a P/E multiple of 77.97 times during the period, reflecting investor confidence in the company’s growth prospects.
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