Net profit of Nepal Seva Laghubitta dips by 12.51%; Net worth stands at Rs 108.68 in the fourth quarter

Mon, Aug 20, 2018 10:01 AM on Financial Analysis, Latest, Stock Market,

Nepal Seva Laghubitta Bittiya Sanstha Limited (NSEWA) has published its fourth quarter report for the fiscal year 2074/75. The microfinance company has reported a decline of 12.51% in its net profit as compared to the corresponding quarter of the FY 2073/74.

As per the fourth quarter report published today, the microfinance company earned Rs 40.67 lakh net profit in the fourth quarter whereas the operating loss was reported as Rs 1.04 crore.

The company collected Rs 4.72 crore as deposits and disbursed Rs 30.74 crore as loans and advances. Its borrowings figure stood at Rs 21.04 crore in the fourth quarter.

However, its non-performing loans (NPL) have increased to 2.72% from 1.00% posted in the same period last year.

It's paid up capital at the end of Q4 stands at Rs 6 crore with a reserve of Rs 52.08 lakh.

Its annualized EPS now stands at Rs 6.78 and net worth per share at Rs 108.68.

Major Highlights:

Particulars (In Rs '000)

NSEWA

Q4 2074/75

Q4 2073/74

Difference

Paid Up Capital

60,000

21,000

185.71%

Reserve & Surplus

5,208

1,580

229.56%

Deposits

47,243

24,726

91.07%

Borrowings

210,402

166,443

26.41%

Loans & Advances

307,496

180,401

70.45%

Net Interest Income

20,556

11,953

71.97%

Provision for possible losses

20,918

8,708

140.21%

Operating Profit

(10,457)

(1,083)

865.93%

Net Profit

4,067

4,649

-12.51%

NPL

2.72

1.00

172.00%

Annualized EPS (In Rs.)

6.78

22.14

-69.38%

Net Worth per Share (In Rs.)

108.68

107.53

1.07%