NIC Asia Laghubitta Reports Sharp Drop In Net Profit [Q1 Report]
November 7, 2022 | Investopaper
NIC Asia Laghubitta Bittiya Santha Limited (NICLBSL) has reported a sharp fall in net profit in the first quarter of the current fiscal year 2079/80. The profit has plunged by 68 percent as compared to the corresponding quarter of the previous year. The microfinance earned a profit of Rs. 6.57 crores in the first three months of the current fiscal year. In the first quarter of the previous fiscal year, the net profit stood at Rs. 20.67 crores.
The drop in profit is due to fall in net interest income by more than 31 percent. The company earned Rs. 29.02 crores as net interest income, down from Rs. 42.11 crores of the same period last year.
As of Ashwin’s end 2079 BS, NIC Asia Laghubitta has a paid-up capital of Rs. 173.94 crores. Likewise, the company has a total reserve and surplus of Rs. 166.81 crores.
The microfinance has floated the loans of Rs. 21.55 Arba, a slight increment as compared the corresponding period of the previous year.
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NIC Asia Laghubitta’s Performance In FY 2078/79
The first-quarter report of NIC Asia Laghubitta is summarized in the table below:
NIC Asia Laghubitta (NICLBSL): Q1 Report Summary, FY 2079/80
| Financial Indicators | Q1, F.Y. 2079/80 | Q4, F.Y. 2078/79 | Percent Change |
| Paid-up capital (Rs. ‘crores’) | 173.94 | 173.94 | 0.00 |
| Reserve and Surplus (Rs. ‘crores’) | 166.81 | 160.33 | 4.04 |
| Borrowings (Rs. ‘Arba’) | 15.87 | 16.23 | -2.22 |
| Deposits (Rs. ‘Arba’) | 3.36 | 3.35 | 0.30 |
| Loans & Advances (Rs. ‘Arba’) | 21.55 | 21.42 | 0.61 |
| Financial Indicators | Q1, F.Y. 2079/80 | Q1, F.Y. 2078/79 | Percent Change |
| Net Interest Income (Rs. ‘crores’) | 29.02 | 42.11 | -31.09 |
| Operating Profit (Rs. ‘crores’) | 9.39 | 29.52 | -68.19 |
| Net Profit (Rs. ‘crores’) | 6.57 | 20.67 | -68.21 |
| Distributable Profit (Rs. ‘crores’) | 0.26 | ||
| Non Performing Loans, NPL (%) | 3.81 | 1.55 | 145.81 |
| Base Rate (%) | 14.06 | 10.09 | 39.35 |
| Earnings Per Share, EPS (Rs.) | 14.85 | ||
| Networth Per Share ( Rs.) | 158.79 | ||
| Market Price Per Share (Rs.) [Ashwin end, 2079 BS] | 718.00 | ||
| P/E Ratio | 48.35 |
Source: Unaudited Q1 Report, FY 2079/80
Note:
The above figures are based on the un-audited 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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