Huge provision of Rs 53.63 crore results in net loss of Nirdhan Utthan Laghubitta in Q1; NPL stands at massive 12.89%
Wed, Nov 11, 2020 6:13 AM on Latest, Company Analysis,
Nirdhan Utthan Laghubitta Bittiya Sanstha Limited (NUBL) has published the unaudited financial report for the first quarter of fiscal year 2077/78 today. The company has posted a net loss of Rs 27.92 crore. The decline in net profit is due to the massive amount of provision of possible losses of Rs 53.63 crore.
The microfinance has borrowings of Rs 6.05 arba. Likewise, it extended loans of Rs 20.43 arba up from Rs 20.13 arba in the corresponding quarter. It has collected deposits of Rs 14 arba till the first quarter.
NUBL’s net interest income decreased by 4.48% from Rs 45.88 crore to Rs 43.82 crore. Microfinance’s non-performing loan (NPL) has increased to a massive 12.89 percent in the review period.
It has paid-up capital of Rs 1.5 arba with a reserve of Rs 2.27 arba till the first quarter.
It's earning per share (EPS) stands at negative Rs 18.62. Currently, the Net worth per share stands at Rs 251.62.
Major Highlights:
|
Particulars (In Rs '000) |
Nirdhan Utthan Laghubitta |
||
|---|---|---|---|
|
Q1 2077/78 |
Q1 2076/77 |
Difference |
|
|
Paid Up Capital |
1,500,000.00 |
1,200,000.00 |
25.00% |
|
Reserve & Surplus |
2,274,262.00 |
2,299,842.00 |
-1.11% |
|
Borrowings |
6,050,737.00 |
7,564,986.00 |
-20.02% |
|
Deposits |
14,000,797.00 |
11,650,360.00 |
20.17% |
|
Loans & Advances |
20,433,447.00 |
20,137,030.00 |
1.47% |
|
Net Interest Income |
438,259.00 |
458,801.00 |
-4.48% |
|
Staff Expenses |
180,740.00 |
193,207.00 |
-6.45% |
|
Provision for possible losses |
536,316.00 |
32,589.00 |
- |
|
Write Back of Provision |
0.00 |
0.00 |
- |
|
Operating Profit |
-279,289.00 |
341,714.00 |
-181.73% |
|
Net Profit |
-279,289.00 |
216,355.00 |
-229.09% |
|
Capital Adequacy (%) |
11.09 |
14.65 |
-24.30% |
|
NPL (%) |
12.89 |
1.30 |
- |
|
Cost of Fund (%) |
6.62 |
8.65 |
-23.47% |
|
EPS (In Rs.) |
-18.62 |
72.12 |
-125.82% |
|
Net Worth per Share (In Rs.) |
251.62 |
291.65 |
-13.73% |
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