Nadep Laghubitta posted EPS & Net worth of Rs 54.72 & Rs 238.12 in Q2 respectively; issuing 4.8 lakh unit IPO shares

Nadep Laghubitta Bittiya Sanstha Limited has shown fall in net profit by 27.48 percent in the second quarter (Q2) of the current fiscal year 2074/75. Publishing the unaudited financial report for the second quarter today, the microfinance company stated that its net profit falls to Rs 3.06 crore in the Q2 of current fiscal year 2074/75, down from Rs 4.22 crore in the corresponding period of the previous fiscal year 2073/74. Its net interest income has also fallen from Rs 11.30 crore in corresponding quarter to Rs 11.11 crore in the second quarter. Its paid up capital remains at Rs 11.20 crore with reserve of Rs 15.46 crore in Q2. It has been seeking approval to issue 4.8 lakh unit IPO shares to the general public from SEBON. The company has borrowings of Rs 1.55 arba in the second quarter, up from Rs 1.01 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 2.31 arba in Q2 whereas in the same period last year the figure stood at Rs 1.83 arba. Its non-performing loan (NPL) has increased to 1.96% in Q2 from 1.66% in the previous year report. Its annualized earning per share (EPS) stands at Rs 54.72 and net worth per share at Rs 238.12. Q2 Report: