Support Microfinance Earns 2 Mn in Net Profit

May 10, 2019 Merolagani

Support Microfinance (SMB) has earned a net profit of Rs 2 million in the third quarter of the current FY compared to Rs 1.9 million of the corresponding period of the last FY.

The company with Rs 60 million in paid-up capital has reserve fund of Rs 5.5 million. The company collected deposit of Rs 118.5 million, borrowed Rs 396.4 million and extended loan of Rs 541.7 million.

During the period, the company earned Rs 21.8 million in net interest income compared to Rs 16.7 million of the last FY.

Support Microfinance has bad debt ratio of 2.86 percent, net worth per share of Rs 109.21 and P/E ratio of 128.24 times.

In the mean time, the company logged EPS of Rs 4.60 and P/E ratio of 128 times during the period.

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