Lalitpur finance reports net loss of Rs 1.34 crore for Q4 of 2075/76 with negative reserves of Rs 9.63 crore; NPL stands at a staggering 80.91%
Sat, Aug 17, 2019 8:13 AM on Financial Analysis, Latest, Stock Market,
Lalitpur Finance Limited (LFC) has reported a net loss for the fourth quarter of the fiscal year 2075/76.
Publishing the unaudited financial report for the fourth quarter (Q4) today, the finance company has stated that its net loss is Rs 1.34 crore in Q4 of FY 2075/76 down from net profit of Rs 7.74 crore reported in the corresponding quarter of the previous FY 2074/75.
It has paid up capital of Rs 23.68 crore. However, it has a negative reserve of Rs 9.63 crore in Q4. It extended loans of Rs 44.91 crore. Likewise, the collected deposit of the company is Rs 30.4 crore in the fourth quarter of 2075/76.
The company’s non-performing loan (NPL) has increased from 62.43% in the corresponding quarter to 80.91% in Q4. Its Earning per Share (EPS) now stands at negative zone with Rs 5.69 and net worth per share at Rs 59.31. The company is in acquisition process by Prime Commercial Bank Limited.
Major Highlights:
| Particulars (In Rs '000) | LFC | ||
|---|---|---|---|
| Q4 2075/76 | Q4 2074/75 | Difference | |
| Paid Up Capital | 236,875 | 236,875 | 0.00% |
| Reserve & Surplus | -96,380 | -76,153 | 26.56% |
| Deposits | 304,366 | 287,968 | 5.69% |
| Loans & Advances | 449,161 | 467,573 | -3.94% |
| Net Interest Income | 37,465 | 23,355 | 60.42% |
| Provision for possible losses | 27,965 | 3,147 | 788.58% |
| Operating Profit | -20,995 | 1,511 | -1489.84% |
| Net Profit | -13,491 | 77,463 | -117.42% |
| Capital Adequacy (%) | 22.3 | 25.35 | -12.03% |
| NPL (%) | 80.91 | 62.43 | 29.60% |
| Annualized EPS (In Rs.) | -5.69 | ||
| Net Worth per Share (In Rs.) | 59.31 | ||
| PE Ratio (times) | - | ||
.png)
