Nepal Seva Laghubitta reports 35.86% fall in net profit with operating loss of Rs 1.21 crore; EPS for Q4 of 2075/76 stands at Rs 4.35
Wed, Aug 14, 2019 1:50 PM on Financial Analysis, Latest, Stock Market,
Nepal Seva Laghubitta Bittiya Sanstha Limited (NSEWA) has published the unaudited quarterly report for the fourth quarter of FY 2075/76.
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 Q4. The reserves of the company increased by 43.86% and currently stands at Rs. 16.41 Lakhs. The borrowings have increased by 36.47% to reach Rs. 28.71 Crore.
The company collected Rs. 7.31 Crore in deposits and distributed loans worth Rs. 40.40 Crore by the end of the fourth quarter. Likewise, the NPL of the company has decreased from 2.72% in the corresponding quarter of the previous year to 2.5% by the end of the fourth quarter. The company has provision for losses worth Rs. 1.97 Crore.
The company’s operating loss increased from Rs. 1.04 crore to Rs. 1.21 crore by the end of the fourth quarter. The company has posted a net profit of Rs. 40.6 Lakhs in the corresponding quarter of FY 2074/75 which has fallen to Rs. 26.08 Lakhs till the end of Asad month of last fiscal year.
Major highlights
| Particulars (In Rs '000) | NSEWA | ||
|---|---|---|---|
| Q4 2075/76 | Q4 2074/75 | Difference | |
| Paid Up Capital | 60,000.00 | 60,000.00 | 0.00% |
| Reserve & Surplus | 1,641.13 | 1,140.81 | 43.86% |
| Deposits | 73,168.73 | 47,242.62 | 54.88% |
| Borrowings | 287,131.89 | 210,402.41 | 36.47% |
| Loans & Advances | 404,019.34 | 307,495.92 | 31.39% |
| Net Interest Income | 24,058.30 | 20,556.31 | 17.04% |
| Staff Expenses | 15,546.47 | 11,733.29 | 32.50% |
| Provision for possible losses | 19,726.54 | 20,917.92 | -5.70% |
| Operating Profit | -12,159.71 | -10,457.07 | 16.28% |
| Net Profit | 2,608.09 | 4,067.28 | -35.88% |
| Capital Adequacy (%) | 16.26 | 21.16 | -23.16% |
| NPL (%) | 2.5 | 2.72 | -8.09% |
| Cost of Fund (%) | 12.99 | 10.93 | 18.85% |
| Annualized EPS (In Rs.) | 4.35 | ||
| Net Worth per Share (In Rs.) | 107.73 | ||
| Qtr End PE Ratio (times) | 87.82 | ||
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