See the performance of Lalitpur Finance, City Express Finance & World Merchant Banking and Finance based on the Q1 report

Lalitpur Finance Limited (LFC) has reported net loss for the first quarter of the fiscal year 2075/76.

Publishing the unaudited financial report for the first quarter today, the finance company has stated that its net loss stood at Rs 1.15 crore in first quarter of fiscal year 2075/76 down from net profit of Rs 1.72 crore reported in the corresponding quarter of the previous fiscal year 2074/75.

It extended loans of Rs 51.53 crore, up from Rs 36.18 crore.  It has collected deposits of Rs 29.88 crore in the first quarter of the fiscal year 2075/76.

It has paid up capital of Rs 23.68 crore. However, it has negative reserve of Rs 8.76 crore in Q1.

LFC’s net interest income has also decreased from Rs 13.14 lakh in the corresponding quarter last year to Rs 14.74 in the first quarter of fiscal year 2075/76.

It has posted an operating loss of Rs 1.24 crore in Q1 from the operating loss of Rs 15.83 lakh in corresponding quarter.

The company’s non-performing loan (NPL) has decreased from 98.89% in the corresponding quarter to 60.56% in Q1.

Its negative Earning per Share (EPS) now stands at Rs 4.87 and net worth per share at Rs 63.

Similarly, City Express Finance Limited (CEFL) has published unaudited financial report for the first quarter today.

It has stated that its net loss as Rs 1.09 crore from net profit of Rs 53.85 lakh reported in the corresponding quarter of the previous fiscal year 2075/76. Similarly, the Earning per Share (EPS) has diminished to negative Rs 13.83 from Rs 7.69 last year.

The finance company’s deposit collection has increased to Rs 4.95 crore in the first quarter of the fiscal year 2075/76. It has paid up capital of Rs 31.75 crore.

Due the increase in deposits and loans and advances, CEFL’s net interest income has increased to Rs 13.12 lakh from Rs 1.68 lakh in the corresponding quarter last year.

Currently, Net worth per share stands at Rs 33.48 as per the first quarter report.

World Merchant and Finance Limited (WMBF) has reported increase in net profit in the first quarter with a diminished reserved of Rs 22.61 crore.

The unaudited financial report of the finance company has stated that the net profit has increased to Rs 71.59 lakh from previous of Rs 3.02 lakh.

It has extended loans of Rs 17.79 crore and has collected deposits of Rs 7.41 crore. It has paid up capital of Rs 26.56 crore with diminished reserve of Rs 22.61 crore.

Net interest income has raised to Rs 8.69 in the first quarter. The operating loss has increased to Rs 3.06 crore.

The finance company’s non-performing loan (NPL) stands at 100% in the first quarter.

The EPS of the company stands at Rs 15.74, Net worth at Rs 21.74 and P/E ratio at 6.10 times.