Operating Profit Of Janautthan Laghubitta Plunges By 50 Percent

May 13, 2020 | Investopaper

Janautthan Samudayik Laghubitta has reported a fall in operating profit by more than 50 percent until the third quarter of the fiscal year 2076/77. The microfinance generated an operating profit of Rs. 1.31 crores, down from Rs. 2.64 crores in the corresponding period of the previous fiscal year. However, the net profit fell by 0.55 percent only. Janautthan Laghubitta earned Rs 1.82 crores as the net profit in the nine months period.

At current capital of Rs. 6.34 crores, the annualized earnings per share (EPS) is Rs. 38.33. Likewise, the per share net-worth stands at Rs 238.42.

The non performing loans (NPL) and cost of funds of the microfinance increased to 3.52 percent and 9.53 percent respectively.

Until the Chaitra end, 2076, Janautthan Laghubitta has floated the loans and advances of Rs 1.53 Arba. This is almost 18 percent higher than the same period of the previous year.

See the summarized version of the third quarter report in the table below:

Janautthan Samudayik Laghubitta Third Quarter Report Summary, FY 2076/77

Headings 3rd Qtr, F.Y. 2076/77 3rd Qtr, F.Y. 2075/76  Percent Change
Paid up capital(Rs.’crores’) 6.34 3.91 62.15
Reserve and Surplus(Rs.’ crores’) 8.77 5.9 48.64
Borrowings(Rs.’ crores’) 90.23 89.45 0.87
Deposits(Rs.’ crores’) 52.1 36.36 43.29
Loans & Advances(Rs.’ crores’) 153.22 130.61 17.31
Net Interest Income(Rs.’crores’) 7.58 6.29 20.51
Operating Profit (Rs. “crores’) 1.31 2.64 -50.38
Net Profit(Rs.’crores’) 1.82 1.83 -0.55
Non Performing Loans, NPL(%) 3.52 2.7 30.37
Cost of Funds (%) 9.53 8.97 6.24
Earnings Per Share, EPS(Rs.) 38.33
Networth Per Share ( Rs.) 238.42
Market Price Per Share (Rs.) [Chaitra end, 2076] 1422
P/E Ratio 37.10


The above figures are based on the unaudited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.

To view the full third quarter report, Click Here.


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