Naya Nepal Laghubitta reports net profit of Rs 42.35 lakhs up by 93%; Annualized EPS for Q1 2076/77 at Rs 20.16
Mon, Nov 4, 2019 11:00 AM on Financial Analysis, Latest, Stock Market,
Naya Nepal Laghubitta Bittiya Sanstha Limited (NNLB) net profit stood at Rs. 42.35 lakh in the first quarter this year as compared to profit of Rs 21.94 Lakhs in the corresponding quarter of the last year.
The microfinance company collected deposits equal to Rs 17.08 crore while loans and advance amounted to Rs 98.13 crore. The borrowings of the company grew to Rs 78.24 crore, marking an increase of 103.79%.
The paid-up capital of the company stands at Rs 8.40 crore with a reserve of Rs 4.83 crore. The net interest income stands at Rs 1.13 crore up from Rs 89.66 lakh posted in the corresponding period of the previous year.
The annualized EPS of the company currently stands at Rs 20.16. The net worth per share stands at Rs 157.5. The quarter-end PE ratio stands at 99.01 times.
Major Highlights:
| Particulars (In Rs '000) | Naya Nepal Laghubitta | ||
|---|---|---|---|
| Q1 2076/77 | Q1 2075/76 | Difference | |
| Paid Up Capital | 84,000 | 24,000 | 250.00% |
| Reserve & Surplus | 48,303 | 19,739 | 144.71% |
| Borrowings | 782,451 | 383,946 | 103.79% |
| Deposits | 170,832 | 85,783 | 99.14% |
| Loans & Advances | 981,373 | 434,602 | 125.81% |
| Net Interest Income | 11,382 | 8,966 | 26.95% |
| Staff Expenses | 8,228 | 5,703 | 44.27% |
| Provision for possible losses | 1,717 | 2,776 | -38.15% |
| Operating Profit | 6,426 | 1,470 | 337.14% |
| Net Profit | 4,235 | 2,194 | 93.03% |
| Capital Adequacy (%) | 13.16 | 9.94 | 32.39% |
| NPL (%) | 1.15 | 2.31 | -50.22% |
| Cost of Fund (%) | 11.98 | 11.9 | 0.67% |
| Annualized EPS (In Rs.) | 20.16 | 36.56 | -44.86% |
| Net Worth per Share (In Rs.) | 157.5 | - | |
| PE Ratio (times) | 99.01 | - | |
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