Nadep Laghubitta Reports Decline In Net profit By 49.98% For The Q3 Of FY-78/79
Wed, Apr 27, 2022 1:23 PM on Financial Analysis, Latest,
Nadep Laghubitta Bittiya Sanstha Limited in its unaudited financial report of Q3, FY-78/79, has reported a decrease in the net profit by 49.98 percent coming down to Rs. 5.6 Crores in this quarter as compared to Rs. 11.3 Crores of the preceding previous quarter’s profit.
As per the third-quarter report published today, the microfinance company’s operating profit has decreased by 51.20% and is reported to have Rs. 8.6 Crores for this quarter. Also, the Net Interest Income of the company is decreased from Rs. 36 Crores to 29.1 crores in the relevant quarter.
The company collected Rs. 1.71 Arba from deposits and has the borrowings of Rs. 2.12 Arba while it was able to float Rs. 4.87 Arba as loans and advances during the third quarter.
Likewise, the paid-up capital of the company stands at Rs 48.5 crore with Rs 33.7 crore as its reserves and surplus. With this capital, microfinance maintained an EPS of Rs. 15.62, a decrease of 58.31% as compared to the previous year’s Q3 EPS of Rs.37.47.
|
Particulars (In Rs '000) |
NADEP Lagubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q3 2078/79 |
Q3 2077/78 |
Difference |
|
|
Paid Up Capital |
485,760.00 |
404,800.00 |
20.00% |
|
Reserve & Surplus |
337,945.70 |
326,848.20 |
3.40% |
|
Borrowings |
2,127,488.88 |
2,075,097.30 |
2.52% |
|
Deposits |
1,718,733.84 |
1,509,521.34 |
0.00% |
|
Loans & Advances |
4,871,135.56 |
4,362,987.33 |
11.65% |
|
Net Interest Income |
291,725.55 |
360,796.58 |
-19.14% |
|
Staff Expenses |
142,787.53 |
156,046.18 |
-8.50% |
|
Provision for possible losses |
66,993.92 |
43,226.49 |
- |
|
Operating Profit |
86,778.08 |
177,828.40 |
-51.20% |
|
Write Back |
0.00 |
6,769.38 |
- |
|
Net Profit |
56,903.17 |
113,760.72 |
-49.98% |
|
Capital Adequacy (%) |
13.29 |
12.25 |
8.49% |
|
NPL (%) |
4.92 |
5.74 |
- |
|
Cost of Fund (%) |
9.91 |
7.07 |
40.17% |
|
Annualized EPS (In Rs.) |
15.62 |
37.47 |
-58.31% |
|
Net Worth per Share (In Rs.) |
169.57 |
180.74 |
-6.18% |
|
Qtr end PE Ratio (times) |
0.00 |
- |
- |
|
Qtr End Market Price |
|
- |
- |
The Company's trading is halted due to its merger with the Chitwan based Deprosc Laghubitta. However, the disagreement in share ratio and employee structuring led the Deprosc to cancel the merger process through its AGM.
