Lalitpur finance earns Rs 2.89 crore in Q1, NPA stands at 34.13%

ShareSansar, November 20:

Publishing the unaudited financial quarterly report today, Lalitpur Finance Limited (LFC) stated that it’s earned Rs 2.89 crore, up from Rs 21.84 lakh in the corresponding period of the previous fiscal year 2070/71.

The finance able to earn Rs 5.08 crore in non-operating income headings which helps bank earns Rs. 2.89 crore in Q1.

The finance’s operation loss is Rs 2.19 crore compared to Rs 2.62 crore loss it published in the previous fiscal year.

Net interest income of the finance is also in negative by Rs 85.02 lakh.

The bank has been able to collect Rs 1.38 arba in deposits and extended a total loans of Rs 1.06 arba in this fiscal year compared to Rs 1.29 arba deposits and Rs 1.27 arba loans in the previous fiscal year.

It has provisioned Rs 51.98 lakh for the possible losses.

There is a drastic increase in the Non-performing loan (NPL) of the bank. It goes up to 34.13 percent from 18.29 percent in the previous year.  

Lalitpur Finance annualized EPS is at Re 15.41 and its net worth per share at Rs 35.01.

For Financial Report: CLICK HERE