Nadep Laghubitta Reports Drop In Net Profit [Q3 Report]
May 9, 2023 | Investopaper
Nadep Laghubitta Bittiya Sanstha has disclosed a drop in its net profit until the third quarter of the current fiscal year 2079/80. The microfinance posted a profit of Rs. 52.22 lakhs in the nine months period. This is a fall of 90 percent from Rs. 5.19 crores profit made in the corresponding period of the fiscal year.
As of Chaitra’s end 2080 BS, Nadep Laghubitta has a paid up capital of Rs. 48.57 crores with Rs. 37.47 crores in reserve and surplus. The company has floated the loans of Rs. 5.16 Arba.
The NPL of the microfinance surged to 9.91 percent from 4.92 percent last year. The annualized EPS is at mere Rs. 1.43. The per share net-worth of Rs 177.16.
The third quarterly report is also summarized in the table below:
NADEP Laghubitta: Financial Highlights of Third Quarter, FY 2079/80
| Financial Indicators | Q3, F.Y. 2079/80 | Q4, F.Y. 2078/79 | Percent Change |
| Paid-up capital (Rs. ’crores’) | 48.57 | 48.57 | 0.00 |
| Reserve and Surplus (Rs.’ crores’) | 37.47 | 40.35 | -7.14 |
| Borrowings (Rs. ’Arba’) | 2.09 | 2.12 | -1.42 |
| Deposits (Rs. ’Arba’) | 1.86 | 1.71 | 8.77 |
| Loans & Advances (Rs. ’Arba’) | 5.16 | 5.05 | 2.18 |
| Financial Indicators | Q3, F.Y. 2079/80 | Q3, F.Y. 2078/79 | Percent Change |
| Net Interest Income (Rs. ’crores’) | 21.67 | 29.66 | -26.94 |
| Operating Profit (Rs. ‘crores’) | 0.53 | 7.07 | -92.50 |
| Net Profit (Rs. ’crores’) | 0.52 | 5.19 | -89.98 |
| Non Performing Loans, NPL (%) | 9.91 | 4.92 | 101.42 |
| Base Rate (%) | 17.55 | 14.95 | 17.39 |
| Earnings Per Share, EPS (Rs.) | 1.43 | ||
| Networth Per Share ( Rs.) | 177.16 | ||
| Market Price Per Share (Rs.) [Chaitra end, 2079 BS] | 548 | ||
| P/E Ratio | 383.22 |
Source: Unaudited Q3 Report, FY 2079/80
Note:
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.
The share price, as well as the P/E ratio, is based on the data of Chaitra end, 2079 BS. At current, the numbers may vary.
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