Aarambha Microfinance posts a loss of more than Rs.9 Lakhs for the first quarter of FY 75/76; other indicators show poor performance

Sun, Nov 11, 2018 12:52 PM on Financial Analysis, Latest, Stock Market,

Aarambha Microfinance Bittiya Sanstha has published its unaudited Q1 report for FY 75/76. The company has posted a growth of 96% in the paid up capital compared to the corresponding quarter of the previous years. The paid up capital currently stands at Rs.6 Crore. The reserves of the company have fallen by almost 4% and posted negative reserves of Rs.44.95 Lakhs.

The deposits have increased by 112% to Rs.11.89 Crore while the loans of the company have increased by 14.88% to Rs.38.51 Crore. Provision for possible losses have fallen from Rs.12.98 Lakhs to Rs.8.91 Lakhs. The NPL of the company has increased from 1.23% to 2.88%. The net profit of the company, which was at Rs.8.02 Lakhs in the corresponding quarter, currently stand at a loss of Rs.9.23 Lakhs.

The company posted a negative EPS of Rs.1.54 and the net worth per share stand at Rs.92.51.

Highlights

Particulars (In Rs '000)

Q1 75/76

Q1 74/75

Difference

Paid Up Capital

60,000

30,600

96.08%

Reserves and Surplus

(4,495.53)

(4,674.20)

-3.82%

Deposits

118,931.51

56,038.07

112.23%

Borrowings

273,477.30

296,430.90

-7.74%

Loans and Advances

385,151.86

335,273.50

14.88%

Net Interest Income

6,433.15

5,120.44

25.64%

Provision for possible losses

891.07

1,298.43

-31.37%

Operating Profit

(923.10)

(986.65)

-6.44%

Net Profit

(923.10)

802.15

-215.08%

NPL (%)

2.88%

1.23%

134.15%

EPS (In Rs)

(1.54)

-

-

Net Worth Per Share (In Rs)

92.51

-

-