Nagarik Laghubitta reports Net loss of Rs. 49.64 lakh as per the unaudited Q2 report of FY 2075/76

Mon, Feb 4, 2019 7:17 AM on Financial Analysis, Latest, Stock Market,

Nagarik Laghubitta Bittiya Sanstha (NAGARIK) has published the unaudited quarterly report for the second quarter of FY 2075/76.

The microfinance company has paid up capital of Rs. 1.75 Crore by the end of the second quarter. The company has negative reserves worth Rs. 31.56 Lakhs. The borrowings of the company stand at Rs. 5.85 Crore and the deposits of the company stand at Rs. 90.07 Lakhs while the loans and advances are worth Rs. 8.87 Crore.

The company earned Rs. 12.26 Lakhs from net interest by the end of the second quarter. The company posted an operating loss of Rs. 51.77 Lakhs while the net loss stands at Rs. 49.64 Lakhs. The company posted nil NPL for the end of the second quarter. A provision worth Rs. 9.87 Lakhs was created for possible losses.  

Highlights:

Particulars (In Rs '000)

Nagarik Laghubitta Bittiya Sanstha Limited

Q2 2075/76

Q1 2075/76

Paid Up Capital

17,500

17,500

Reserve & Surplus

-3,156

-3,456

Deposits

9,007

4,017

Borrowings

58,501

32,715

Loans & Advances

88,748

40,325

Net Interest Income

1,226

253

Provision for possible losses

987

346

Operating Profit

-5,177

2,573

Net Profit

-4,964

-2,517

NPL (%)

0

0

Annualized EPS (In Rs.)

-56.74

-28.77

Net Worth per Share (In Rs.)

81.96

80.25