Nepal Seva Laghubitta published first quarter highlights of FY 76/77; Rs.46.04 Crore distributed as loans

Fri, Nov 15, 2019 12:53 PM on Financial Analysis, Latest,

Nepal Seva Laghubitta Bittiya Sanstha Limited (NSEWA) has published the unaudited quarterly report for the first quarter of FY 2076/77.

The paid-up capital of the company stands at Rs.6 Crore by the end of this quarter, same as of last fiscal year's Q1. The reserves of the company increased by 14.63% and currently stands at Rs.41.01 Lakhs. The borrowings have increased by 30.25% to reach Rs.32.12 Crore.

The company collected Rs.8.05 Crore in deposits and distributed loans worth Rs.46.04 Crore by the end of the first quarter. Likewise, the NPL of the company has decreased from 4.77% in the corresponding quarter of the previous year to 1.70% by the end of the first quarter. The company has provision for losses worth Rs.11.80 Lakhs.

The company’s operating loss decreased from Rs.40.28 Lakhs to Rs.11.72 Lakhs by the end of the first quarter. The company had posted a net loss of Rs.16.69 Lakhs in the corresponding quarter of FY 2075/76 which has increased to net profit of Rs.6.85 Lakhs till the end of Ashwin month of current fiscal year.

The annualized EPS stood at Rs.4.57 while the net worth per share stood at Rs.106.84. The PE ratio according to the report was 84.19 times by the end of the first quarter.