Nerude Mirmire Laghubitta Reports Loss as NPL Surges to 16.14 Percent [Q1 Report]
November 14, 2024 | Investopaper
Nerude Mirmire Laghubitta Bittiya Sanstha Limited (NMLBBL) has reported a net loss in the first quarter of the current fiscal year 2081/82 as compared to the same period last year. The microfinance posted a net loss of Rs. 26.11 crores, which stood at net profit of Rs. 1.90 crores of the corresponding period of the previous fiscal year.
The microfinance earned Rs. 24.46 crores as the net interest income in the three months period, which is 94 percent higher than the same period of the previous year.
As of Ashwin’s end 2081 BS, NMLBBL has a paid-up capital of Rs 139.77 crores. At this capital, the earnings per share (EPS) is negative Rs. 74.73 while the per-share networth is Rs. 162.95.
The national level microfinance has floated total loans and advances of Rs. 19.56 Arba.
The non performing loans (NPL) of the microfinance has surged to 16.14 percent. This has led to increment of impairment charge to Rs. 27.80 crores which has resulted in net loss in the first three months of the this fiscal year.
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See the financial highlights of Nerude Mirmire Laghubitta in the table below:
Nerude Mirmire Laghubitta (NMLBBL): Q1 Report Summary, FY 2081/82
Financial Indicators | Q1, F.Y. 2081/82 | Q4, F.Y. 2080/81 | Percent Change |
Paid up capital (Rs.’crores’) | 139.77 | 139.77 | 0.00 |
Reserve and Surplus (Rs.’crores’) | 87.99 | 131.93 | -33.31 |
Borrowings (Rs.’Arba’) | 11.33 | 11.03 | 2.72 |
Deposits (Rs.’Arba’) | 6.16 | 6.14 | 0.33 |
Loans & Advances (Rs.’Arba’) | 19.56 | 20.14 | -2.88 |
Financial Indicators | Q1, F.Y. 2081/82 | Q1, F.Y. 2080/81 | Percent Change |
Net Interest Income (Rs.’crores’) | 24.46 | 12.6 | 94.13 |
Operating Profit (Rs.’crores’) | -26.42 | 2.72 | – |
Net Profit (Rs.’crores’) | -26.11 | 1.9 | – |
Non Performing Loans, NPL (%) | 16.14 | 5.52 | 192.39 |
Base Rate (%) | 14.09 | 15.46 | -8.86 |
Earnings Per Share, EPS (Rs.) | -74.73 | ||
Networth Per Share ( Rs.) | 162.95 | ||
Market Price Per Share (Rs.) [Ashwin end, 2081 BS] | 814 | ||
P/E Ratio | – |
Source: Unaudited Q1 Report, FY 2081/82
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.
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