Lalitpur Finance reports net loss of Rs 4.1 crore for Q3 of FY 2075/76; Net worth per share stands at Rs 50.42 with negative EPS of Rs 17.67
Fri, May 10, 2019 12:36 PM on Financial Analysis, Latest, Stock Market,
Lalitpur Finance Limited (LFC) has reported a net loss until this month for the third quarter of the current fiscal year 2075/76.
Publishing the unaudited financial report for the third quarter (Q3) today, the finance company has stated that its net loss is Rs 4.18 crore in Q3 of FY 2075/76 down from net profit of Rs 8.17 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 11.7 crore in Q3. It extended loans of Rs 48.62 crore. Likewise, the collected deposit of the company is Rs 31.22 crore in the third quarter of the current fiscal year.
The company’s non-performing loan (NPL) has decreased from 78.78% in the corresponding quarter to 75.33% in Q3. Its Earning per Share (EPS) now stands at negative zone with Rs 17.67 and net worth per share at Rs 50.42.
Major Highlights:
| Particulars (In Rs '000) | Lalitpur Finance (LFC) | ||
|---|---|---|---|
| Q3 2075/76 | Q3 2074/75 | Difference | |
| Paid Up Capital | 236,875 | 236,875 | - |
| Reserve & Surplus | (117,435) | (71,910) | -63.31% |
| Deposits | 312,265 | 252,582 | 23.63% |
| Borrowings | - | - | - |
| Loans & Advances | 486,290 | 382,847 | 27.02% |
| Net Interest Income | 8,070 | 9,568 | -15.65% |
| Provision for possible losses | 33,412 | 5,888 | 467.43% |
| Operating Profit | (43,630) | 40 | -110556.91% |
| Net Profit | (41,847) | 81,706 | -151.22% |
| Capital Adequacy (%) | 18.44 | 32.57 | -43.38% |
| NPL (%) | 75.33 | 78.78 | -4.38% |
| Annualized EPS (In Rs.) | -17.67 | ||
| Net Worth per Share (In Rs.) | 50.42 | ||
| PE Ratio (times) | 334.82 | ||
.png)
