Lalitpur Finance reports decline in profit by 27.88%; EPS and Net worth per share stand at Rs 45.99 and Rs 69.64 respectively
Mon, May 28, 2018 4:30 AM on Financial Analysis, Latest, Stock Market,
Lalitpur Finance Limited (LFC) has reported decline in net profit for the third quarter of the current fiscal year 2074/75.
Publishing the unaudited financial report for the third quarter today, the finance company has stated that its net profit decreased to Rs 8.17 crore in third quarter of fiscal year 2074/735 down from Rs 11.32 crore reported in the corresponding quarter of the previous fiscal year 2073/74.
It extended loans of Rs 38.28 crore, from Rs 39.07 crore. It has collected deposits of Rs 25.25 crore in the third quarter of the current fiscal year.
It has paid up capital of Rs 23.68 crore. However, it has negative reserve of Rs 7.19 crore in Q3.
LFC’s net interest income has also decreased from Rs 1.79 crore in the corresponding quarter last year to Rs 95.68 lakh in the third quarter of fiscal year 2074/75.
It has posted an operating profit of Rs 32.98 lakh in Q3 declining from the operating profit of Rs 93.01 lakh in corresponding quarter.
The company’s non-performing loan (NPL) has decreased from 98.95% in the corresponding quarter to 78.78% in Q3.
Its Earning per Share (EPS) now stands at Rs 45.99 and net worth per share at Rs 69.64.
Major Highlights:
|
Particulars (In Rs '000) |
LFC |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
236,875 |
187,945 |
26.03% |
|
Reserve & Surplus |
(71,910) |
(159,167) |
- |
|
Deposits |
252,583 |
152,301 |
65.84% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
382,847 |
390,767 |
-2.03% |
|
Net Interest Income |
9,568 |
17,911 |
-46.58% |
|
Provision for possible losses |
2,988 |
- |
- |
|
Operating Profit |
3,298 |
9,301 |
-64.54% |
|
Net Profit |
81,706 |
113,284 |
-27.88% |
|
NPL (%) |
78.78 |
98.95 |
-20.38% |
|
Annualized EPS (In Rs.) |
45.99 |
80.37 |
-42.77% |
|
Net Worth per Share (In Rs.) |
69.64 |
15.31 |
354.82% |
