Nerude Mirmire Laghubitta Reports Rs 2.79 Crore Net Loss in Q1 FY 2083/84
Wed, Oct 28, 2026 11:37 AM on Financial Analysis, Highlight News,
Nerude Mirmire Laghubitta Bittiya Sanstha Limited reported a net loss of Rs 2.79 crore in the first quarter of fiscal year 2083/84, compared to a net profit of Rs 5.53 crore in the same period last fiscal year.
The microfinance company's net interest income declined 28.36% to Rs 28.89 crore from Rs 40.33 crore in the corresponding quarter. Operating profit also fell into negative territory, recording a loss of Rs 3.07 crore against an operating profit of Rs 7.60 crore a year earlier.
The company's impairment charges increased by 16.26% to Rs 10.27 crore, while personnel expenses declined 8.92% to Rs 20.79 crore.
During the review period, deposits increased marginally by 0.57% to Rs 774.05 crore, while borrowings rose 5.64% to Rs 1.03 arba. Loans and advances to customers grew by 0.71% to Rs 1.95 arba.
However, non-performing loan (NPL) ratio increased to 21.73% from 15.70% in the same quarter last year. Its capital adequacy ratio declined to 9.17% from 10.27%, while the cost of funds increased to 6.89% from 6.55%.
The company's earnings per share (EPS) stood at negative Rs 8.01, compared to Rs 15.84 in the corresponding period last year. Net worth per share stood at Rs 184.40.
Major Financial Highlights:
| Particulars (In Rs '000) | Nerude Mirmire Laghubitta | ||
|---|---|---|---|
| Q1 2083/84 | Q1 2082/83 | Difference | |
| Paid Up Capital | 1,397,764.27 | 1,397,764.27 | 0.00% |
| Retained Earnings | -158,118.08 | -121,922.33 | 29.69% |
| Reserves | 1,337,770.63 | 1,332,287.09 | 0.41% |
| Borrowings | 10,324,433.21 | 9,773,306.90 | 5.64% |
| Deposits | 7,740,495.77 | 7,696,727.87 | 0.57% |
| Loans & Advances to Customers | 19,458,819.31 | 19,322,380.83 | 0.71% |
| Net Interest Income | 288,942.27 | 403,300.41 | -28.36% |
| Personnel Expenses | 207,852.02 | 228,211.88 | -8.92% |
| Impairment Charges | 102,740.84 | 88,369.97 | 16.26% |
| Operating Profit | -30,727.57 | 76,040.15 | -140.41% |
| Net Profit | -27,999.44 | 55,368.51 | -150.57% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 158,118.08 | 0.00 | - |
| Capital Adequacy (%) | 9.17 | 10.27 | -10.71% |
| NPL (%) | 21.73 | 15.70 | |
| Cost of Fund (%) | 6.89 | 6.55 | 5.19% |
| EPS (In Rs.) | -8.01 | 15.84 | -150.57% |
| Net Worth per Share (In Rs.) | 184.40 | 186.59 | -1.18% |
| Qtr end PE Ratio (times) | -62.03 | - | - |
| Qtr End Market Price | 497 | - | - |
