NADEP Laghubitta bittiya reports Rs 4.46crore Net Profit; EPS stands at Rs 53.11

Tue, May 8, 2018 1:15 AM on Financial Analysis, Latest, Stock Market,

NADEP Laghubitta Bittiya Sanstha Limited (NADEP) has published unaudited financial report for the third quarter today. It has stated that its net profit has decreased to Rs 4.46 crore in third quarter of fiscal year 2074/75 from Rs 6.66 crore reported in the corresponding quarter of the previous fiscal year 2073/74.

Likewise, it extended loans of Rs 2.75 arba from Rs 2.02 arba. It has collected deposits of Rs 78.35 crore in the third quarter of the current fiscal year. It has paid-up capital of Rs 11.20 crore with reserve of Rs 15.57 crore in Q3

Its net interest income has marginally reduced from Rs 17.08 crore in the corresponding quarter last year to Rs 16.53 crore in the third quarter of fiscal year 2074/75. Its operating profit has massively dropped to Rs 6.69 crore in Q3, from Rs 10.17 crore in corresponding quarter.

Earnings per Share (EPS) stand at Rs 53.11. NADEP’s non-performing loan (NPL) has increased to 2.2 percent in the current quarter. Currently, its Net worth per share stands at Rs 239.

Particulars (In Rs '000)

NADEP

Q3 2074/75

Q3 2073/74

Difference

Paid Up Capital

        112,000

        112,000

0.00%

Reserve & Surplus

        155,678

        119,428

30.35%

Borrowings

     1,631,995

     1,076,837

51.55%

Deposits

        783,538

        632,287

23.92%

Loans & Advances

     2,758,256

     2,022,110

36.40%

Net Interest Income

        165,329

        170,846

-3.23%

Provision for possible losses

             7,103

             5,762

23.27%

Operating Profit

           66,866

        101,707

-34.26%

Net Profit

           44,616

           66,610

-33.02%

NPL (%)

2.2

1.51

45.70%

 Annualized EPS (In Rs.)

             53.11

             79.30

-33.02%

Net Worth per Share (In Rs.)

           239.00

-