Nepal Seva posted below average performance in Q2; NPL stand at 4.86%
Thu, Feb 14, 2019 10:33 AM on Financial Analysis, Latest, Stock Market,
Nepal Seva Laghubitta Bittiya Sanstha Limited (NSEWA) has published the unaudited quarterly report for the second quarter of FY 2075/76.
The paid-up capital of the company has increased by around 43% from Rs. 4.20 Crore to Rs. 6 Crore by the end of this quarter from the same quarter of last fiscal year. The reserves of the company increased by 326.37% and currently stands at Rs. 47.26 Lakhs. The borrowings have increased by 12.04% to reach Rs. 22.12 Crore.
The company posted an increase of 69.55% in the deposits and 28.38% increase in loans compared to the corresponding quarter of the previous FY 2074/75. Likewise, the NPL of the company has also increased from 3.55% in the corresponding quarter of the previous year to 4.86% by the end of the second quarter. The company has provision for losses worth Rs. 1.16 crore.
The company’s operating loss grew from Rs. 56.76 Lakhs to Rs. 86.54 Lakhs by the end of the second quarter. The company had posted a net profit of Rs. 14 thousand in the corresponding quarter of the previous year which now reported a net loss of Rs. 37.97 Lakhs till the end of Poush month of the current fiscal year.
Highlights:
|
Particulars (In Rs '000) |
Nepal Seva Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
60,000 |
42,000 |
42.86% |
|
Reserve & Surplus |
4,726 |
1,108 |
326.37% |
|
Deposits |
59,167 |
34,896 |
69.55% |
|
Borrowings |
221,215 |
197,438 |
12.04% |
|
Loans & Advances |
336,204 |
261,884 |
28.38% |
|
Net Interest Income |
9,505 |
7,913 |
20.12% |
|
Provision for possible losses |
11,670 |
8,698 |
34.17% |
|
Operating Profit |
-8,654 |
-5,676 |
52.45% |
|
Net Profit |
-3,797 |
14 |
- |
|
NPL (%) |
4.86 |
3.55 |
36.90% |
|
Annualized EPS (In Rs.) |
-12.66 |
0.07 |
- |
|
Net Worth per Share (In Rs.) |
107.88 |
102.64 |
5.10% |
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