Nadep Laghubitta’s net profit rises by 13.11% in Q1; EPS stands at Rs 34.77

Mon, Nov 26, 2018 10:53 AM on Financial Analysis, Latest, Stock Market,

Nadep Laghubitta Bittiya Sanstha Limited (NADEP) has reported 13.11% rise in the net profit in the first quarter of the current fiscal year.

As per the Q1 report published today, the microfinance company’s profit has reached Rs 1.39 crore from 1.22 crore in the corresponding quarter of the previous year.

The company collected Rs 89.17 crore from deposits and Rs 2.15 arba from borrowings while it was able to float Rs 3.07 arba as loans and advances during the first quarter.

The paid-up capital of the company stands at Rs 16 crore with Rs 19.05 crore as reserve.

In the Q1, the EPS has been reported as Rs 34.77 with Net worth per share as Rs 219.07.

Major Highlights:

Particulars (In Rs '000)

NADEP

Q1 2075/76

Q1 2074/75

Difference

Paid Up Capital

160,000

112,000

42.86%

Reserve & Surplus

190,513

136,347

39.73%

Deposits

891,748

693,287

28.63%

Borrowings

2,151,599

1,269,241

69.52%

Loans & Advances

3,077,914

2,196,429

40.13%

Net Interest Income

61,959

57,857

7.09%

Provision for possible losses

2,877

1,312

119.38%

Operating Profit

20,660

18,310

12.83%

Net Profit

13,910

12,297

13.11%

NPL (%)

3.36

2.07

62.32%

Annualized EPS (In Rs.)

34.77

43.92

-20.82%

Net Worth per Share (In Rs.)

219.07

221.74

-1.20%

P/E Ratio (In times)

44.72

-