Asha Laghubitta reports slight progress in the third quarter; Showcases net profit of Rs 4,450 from loss in the corresponding quarter
Tue, Apr 24, 2018 12:44 AM on Financial Analysis, Latest, Stock Market,
Asha Laghubitta Bittiya Sanstha (ASHA) has reported 100.06% increase in net profit along with rise of 1819.74% in deposits for the third quarter of the current fiscal year 2074/75.
Asha Laghubitta bittiya sanstha (ASHA) has published unaudited financial report for the third quarter today. It has stated that net profit has been increased to 4.45 thousand in third quarter of fiscal year 2074/75 from loss of Rs 76.69 lakh reported in the corresponding quarter of the previous fiscal year 2073/74 with Earning per Share (EPS) at Rs 0.01.
The finance company has borrowings of Rs 84.61 crore. Likewise, it extended loans of Rs 1.09 arba from Rs 17.61 crore. It has collected deposits of Rs 20.29 crore in the third quarter of the current fiscal year. It has paid up capital of Rs 9.21crore with negative reserve of Rs 1.10 crore in Q3.
ASHA’s net interest income has increased from Rs 0.27 crore in the corresponding quarter last year to Rs 3.63 crore in the third quarter of fiscal year 2074/75. Its operating loss has reduced to Rs 3.76 lakh in Q3, from Rs 76.70 lakh in corresponding quarter.
Its non-performing loan (NPL) has increase to 0.73% in the current quarter. Currently, Net worth per share stands at Rs 88.04.
|
Particulars (In Rs '000) |
ASHA |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
92,075 |
70,000 |
31.54% |
|
Reserve & Surplus |
(11,009) |
(8,406) |
30.97% |
|
Deposits |
202,924 |
10,570 |
1819.79% |
|
Borrowings |
846,112 |
174,360 |
385.27% |
|
Loans & Advances |
1,097,158 |
176,163 |
522.81% |
|
Net Interest Income |
36,323 |
2,798 |
1198.07% |
|
Provision for possible losses |
15,337 |
5,372 |
185.50% |
|
Operating Profit |
(376) |
(7,670) |
-95.10% |
|
Net Profit |
4 |
(7,669) |
100.06% |
|
NPL (%) |
0.73 |
0.32 |
128.13% |
|
Annualized EPS (In Rs.) |
0.01 |
(14.61) |
-100.04% |
|
Net Worth per Share (In Rs.) |
88.04 |
|
|
