Janasewi Laghubitta reports satisfactory profit growth in the fourth quarter

July 25, 2019 | Investopaper

Janasewi Laghubitta has reported a satisfactory fourth quarter report of F.Y. 2075/76. The company report shows the growth in several financial indicators. The report is summarized in the table below:

Janasewi Laghubitta Fourth Quarter Performance Report, 2075/76

PAID-UP CAPITAL (Rs. In crores) 14.43 9.80 47.24
RESERVE (Rs. In crores) 1.90 0.43 341.86
BORROWINGS (Rs. In crores) 31.98 25.14 27.21
DEPOSITS (Rs. In crores) 19.63 12.28 59.85
LOANS  (Rs. In crores) 66.11 41.85 57.97
NET INTEREST INCOME (Rs. In crores) 4.88 2.63 85.55
PROFIT (Rs. In crores) 1.46 0.38 284.21
NON PERFORMING LOANS, NPL (%) 1.87 1.43 30.77
COST OF FUND (%) 10.29 10.50 -2.00

Paid-up Capital and Reserve of Janasewi Laghubitta

Janasewi Laghubitta has a paid-up capital of Rs. 14.43 crores, up from Rs. 9.80 crores last year. This is a rise of 47 percent in the capital. Likewise, in the fourth quarter, the reserve of Janasewi Laghubitta has grown by a massive 347 percent. The reserve stand at Rs. 1.90 crores. It was Rs. 43 lakhs in the corresponding quarter of the previous year.

Borrowings And Loans of Janasewi Laghubitta

Until the fourth quarter, Janasewi Laghubitta has borrowed Rs. 31.98 crores. This is 27 percent higher than that of the previous year. Similarly, the microfinance has provided loans and advances of Rs. 66.11 crores, up by 58 percent from the last year. In the corresponding period of the previous year, the company floated loans of Rs. 41.85 crores.

Net Interest Income and Net Profit of Janasewi Laghubitta

The net interest income increased by more than 85 percent. Until the fourth quarter, Janasewi Laghubitta earned Rs. 4.88 crores in net interest income. Last year, the company earned Rs. 2.63 crores in net interest income. Likewise, the microfinance made a net profit of Rs. 1.46 crores. This is 284 percent higher than the previous years’ profit. The company had made a profit of Rs. 38 lakhs in the previous year.

NPL and Cost of Fund

The Non-Performing Loans (NPL) of Janasewi Laghubitta has increased in the fourth quarter. NPL stood at 1.87 percent, up from 1.43 percent last year. Similarly, the cost of the fund has also slightly declined to 10.29 percent from 10.50 percent.

EPS and Networth per share

The Earnings Per Share (EPS) stands at Rs. 10.12. Likewise, as per the fourth-quarter report, Janasewi Laghubitta has net worth per share of Rs. 113.17.


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