Jebils Finance reports net loss of Rs 25.70 lakh in Q1; Net worth per Share at Rs 119.73

Jebils Finance Limited (JEFL) has posted net loss of Rs 25.70 lakh in the first quarter (Q1) of the FY 2074/75. As per the unaudited financial report for the first quarter today, the finance company’s operating profit is also negative at Rs 33.09 lakh. Jebils Finance has paid up capital of 38.63 crore with reserve of Rs 7.62 crore in Q1. The finance company has collected deposits of Rs 1.12 arba in the first quarter, up from Rs 94.02 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 1.08 arba in Q1 whereas in the same period last year the figure stood at Rs 88.08 crore Meanwhile, JEFL manage to decline its non-performing loan (NPL) to 3.45% in Q1 from 7.05% in the corresponding quarter of previous fiscal year. Its net worth per share is at Rs 119.73. Recently, Jebils Finance had issued 100% right share to its shareholders and 12.50% bonus shares to its shareholders. As the deadline for national level finance companies to increase their paid up capital to a minimum of Rs 80 crore by the end of FY 2073/74, JEFL had chosen to increase its capital by the way of issuance of right shares. It will further float the 40% right shares which was endorsed by its SGM