Kuber Merchant Finance registered net profit of Rs 2.82 crore in Q2 after write back of provision for possible loss by Rs 3.97 crore; NPA is 100%

Wed, Jan 31, 2018 5:40 AM on Latest, Financial Analysis, Featured, Stock Market,
Kuber Merchant Finance Limited (KMBSL) has published unaudited financial report of the second quarter (Q2) of the FY 2074/75. As per the unaudited fiscal report published today, the finance company has stated fall in its net profit of Rs 2.82 crore in Q2 of FY 2074/75 from Rs 10.49 crore in the corresponding quarter of FY 2073/74. It has posted operating loss of Rs 1.41 crore. The finance company collected deposits of Rs 3.36 crore. It has a paid up capital of Rs 28.02 crore and negative reserve of Rs 22.46 crore. Its NPL stands at 100 %. Its annualized EPS stands at Rs 37.71 and Net worth per share is Rs 19.82. Major Highlights:
Particulars (In Rs '000) KMBSL
Q2 2074/75 Q2 2073/74 Difference
Paid Up Capital          280,225          200,225 39.96%
Reserve & Surplus         (224,683)         (227,792) -1.36%
Deposits             33,611          184,418 -81.77%
Borrowings                     -                     - #DIV/0!
Loans & Advances                     -               2,600 -100.00%
Net Interest Income             (7,540)               1,855 -506.47%
Provision for possible losses  -          135,586 #VALUE!
Operating Profit           (14,131)         (150,048) -90.58%
Net Profit             28,280          104,973 -73.06%
NPL (%) 100 100 0.00%
 Annualized EPS (In Rs.)               37.71            104.86 -64.04%
Net Worth per Share (In Rs.)               19.82             (13.77) -243.96%
P/E Ratio (In times) 5.46
Announcement: