Nepal Agro Laghubitta reports net profit of Rs 64.15 lakh till Q2; Net worth per share at Rs 146.76

Wed, Feb 12, 2020 12:34 PM on Financial Analysis, Latest, Stock Market,

Nepal Agro Laghubitta Bittiya Sanstha Limited (NAGRO) has published an unaudited financial report for the second quarter today. It has stated that net profit has been increased by 42.49% to Rs 64.15 lakh till the Q2 of FY 2076/77, from Rs 45.02 Lakh in the corresponding quarter of the previous year.

The microfinance company has borrowings of Rs 57.65 crore. Likewise, it has extended loans of Rs 69.65 crore up from Rs 49.28 crore of the corresponding quarter. The collection of deposits reached Rs 23.03 crore till the end of Q2.

The company's paid-up capital stands at Rs 5.72 crores with a reserve of Rs 1.58 crore till Q2.

NAGRO’s net interest income has increased from Rs 1.04 crore in the corresponding quarter of FY 2075/76 to Rs 2.19 crore till the second quarter of the FY 2076/77.

Its non-performing loan (NPL) has increased to 1.33% till Q2 from 0.56% in last year’s corresponding period. Currently, annualized EPS stands at Rs 22.41 and Net worth per share stands at Rs 146.76. The company PE is at 55.87 times.

Second Quarter Report