Net Profits of Nepal Seva Laghubitta grow by 148% to Rs.13.06 Lakhs by the end of third quarter; NPL decreases from 4.35% to 2.77%

Nepal Seva Laghubitta Bittiya Sanstha Limited (NSEWA) has published the unaudited quarterly report for the third quarter of FY 2075/76.

The paid-up capital of the company stands at Rs. 6 Crore by the end of this quarter which was Rs. 4.20 Crore at the same quarter of last fiscal year. The reserves of the company increased by 185.67% and currently stands at Rs. 47.26 Lakhs. The borrowings have increased by 10.15% to reach Rs. 23.57 Crore.

The company collected Rs. 6.62 Crore in deposits and distributed loans worth Rs. 36.80 Crore by the end of the third quarter. Likewise, the NPL of the company has decreased from 4.35% in the corresponding quarter of the previous year to 2.77% by the end of the third quarter. The company has provision for losses worth Rs. 1.55 Crore.

The company’s operating loss fell from Rs. 83.92 Lakhs to Rs. 80.05 Lakhs by the end of the third quarter. The company had posted a net profit of Rs. 5.26 Lakhs in the corresponding quarter of the previous year which has increased to Rs. 13.06 Lakhs till the end of Chaitra month of the current fiscal year.