Lalitpur Finance reports Net loss of Rs. 3.33 crore; EPS in negative while net interest income increased by 102.16% in Q2 of FY 2075/76
Thu, Feb 7, 2019 8:41 AM on Financial Analysis, Latest, Stock Market,
Lalitpur Finance Limited (LFC) has reported a net loss until this month for the second quarter of the current fiscal year 2075/76.
Publishing the unaudited financial report for the second quarter (Q2) today, the finance company has stated that its net loss is Rs 3.33 crore in Q2 of FY 2075/76 down from net profit of Rs 5.44 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 10.94 crore in Q2. It extended loans of Rs 51 crore, from Rs 33.95 crore. Likewise, the collected deposit of the company is Rs 30 crore in the second quarter of the current fiscal year.
The company’s non-performing loan (NPL) has decreased from 94.42% in the corresponding quarter to 69.44% in Q2. Its Earning per Share (EPS) now stands at negative zone with Rs 28.12 and net worth per share at Rs 53.79.
Major Highlights:
|
Particulars (In Rs '000) |
Lalitpur Finance Limited (LFC) |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
236,875 |
236,875 |
0.00% |
|
Reserve & Surplus |
-109,457 |
-90,720 |
20.65% |
|
Deposits |
300,021 |
168,723 |
77.82% |
|
Borrowings |
0 |
0 |
- |
|
Loans & Advances |
509,992 |
339,533 |
50.20% |
|
Net Interest Income |
4,809 |
2,379 |
102.16% |
|
Provision for possible losses |
26,097 |
875 |
2881.17% |
|
Operating Profit |
-34,284 |
-3,164 |
983.64% |
|
Net Profit |
-33,305 |
54,430 |
- |
|
NPL (%) |
69.44 |
94.42 |
-26.46% |
|
Annualized EPS (In Rs.) |
-28.12 |
45.96 |
- |
|
Net Worth per Share (In Rs.) |
53.79 |
61.70 |
-12.82% |
