Asha Laghubitta published an improve Q3 report; rising NPL could be dangerous for its financial health if not controlled
Sun, Apr 28, 2019 8:23 AM on Financial Analysis, Latest, Stock Market,
Asha Laghubitta Bittiya Sanstha Limited (ALBSL) has published an unaudited financial report for the third quarter today. It has stated that net profit has been increased to Rs 1.45 crore till Q3 of fiscal year 2075/76.
The microfinance company has borrowings of Rs 1.33 arba. Likewise, it has extended loans of Rs 1.58 arba up from Rs 1.09 arba of the corresponding quarter. The collection of deposits reaches to Rs 40.17 crore till this quarter.
The company has recently floated 6.74 lakh units IPO shares, afterwards its paid up capital reaches Rs 20.74 crores with a reserve of Rs 1.43 crore till Q3.
ASHA’s net interest income has increased from Rs 3.36 crore in the corresponding quarter of FY 2074/75 to Rs 7.81 crore till third quarter of current FY 2075/76.
Its non-performing loan (NPL) has increased to 2.67% till Q3 from 0.73% in last year’s corresponding year. Currently, annualized EPS stands at Rs 9.36 and Net worth per share stands at Rs 106.91. The company PE is at 50.33 times.
Major Highlights:
|
Particulars (In Rs '000) |
Asha Laghubitta |
||
|---|---|---|---|
|
Q3 2075/76 |
Q3 2074/75 |
Difference |
|
|
Paid Up Capital |
207,400 |
92,075 |
125.25% |
|
Reserve & Surplus |
14,327 |
-11,009 |
- |
|
Deposits |
401,756 |
202,924 |
97.98% |
|
Borrowings |
1,332,521 |
846,112 |
57.49% |
|
Loans & Advances |
1,581,945 |
1,097,158 |
44.19% |
|
Net Interest Income |
78,165 |
36,323 |
115.19% |
|
Provision for possible losses |
26,738 |
10,062 |
165.73% |
|
Operating Profit |
16,643 |
-376 |
- |
|
Net Profit |
14,556 |
4 |
- |
|
Capital Adequacy (%) |
13.46 |
8.07 |
66.79% |
|
NPL (%) |
2.67 |
0.73 |
265.75% |
|
Annualized EPS (In Rs.) |
9.36 |
0.01 |
145115.58% |
|
Net Worth per Share (In Rs.) |
106.91 |
88.04 |
21.43% |
|
PE Ratio (times) |
50.33 |
- |
- |
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