NIC Asia Laghubitta Reports 99 Percent Drop in Net Profit [Q2 Report]
February 11, 2024 | Investopaper
NIC Asia Laghubitta Bittiya Santha Limited (NICLBSL) has reported a 99 percent fall in net profit in the second quarter of the current fiscal year 2080/81 as compared to the corresponding quarter of the previous year.
The microfinance earned a profit of Rs. 11 lakhs in the first six months of the current fiscal year. Until the second quarter of the previous fiscal year, the net profit stood at Rs. 14.92 crores.
The drop in profit is mainly due to fall in net interest income by almost 27 percent. The company earned Rs. 39.93 crores as net interest income, down from Rs. 54.76 crores of the same period last year.
As of Poush’s end 2080 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. 106.39 crores.
The microfinance has floated the loans of Rs. 16.55 Arba.
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The second-quarterly report of NIC Asia Laghubitta is summarized in the table below:
NIC Asia Laghubitta (NICLBSL): Q2 Report Summary, FY 2080/81
| Financial Indicators | Q2, F.Y. 2080/81 | Q4, F.Y. 2079/80 | Percent Change |
| Paid up capital (Rs.’crores’) | 173.94 | 173.94 | 0.00 |
| Reserve and Surplus (Rs.’crores’) | 106.39 | 132.95 | -19.98 |
| Borrowings (Rs.’Arba’) | 14.6 | 13.73 | 6.34 |
| Deposits (Rs.’Arba’) | 1.81 | 2.23 | -18.83 |
| Loans & Advances (Rs.’Arba’) | 16.55 | 17.98 | -7.95 |
| Financial Indicators | Q2, F.Y. 2080/81 | Q2, F.Y. 2079/80 | Percent Change |
| Net Interest Income (Rs.’crores’) | 39.93 | 54.76 | -27.08 |
| Operating Profit (Rs.’crores’) | 2.21 | 21.3 | -89.62 |
| Net Profit (Rs.’crores’) | 0.11 | 14.92 | -99.26 |
| Non Performing Loans, NPL (%) | 13.76 | 3.38 | 307.10 |
| Base Rate (%) | 14.84 | 14.76 | 0.54 |
| Earnings Per Share, EPS (Rs.) | 0.13 | ||
| Networth Per Share ( Rs.) | 115.15 | ||
| Market Price Per Share (Rs.) [Poush end, 2080 BS] | 651.9 | ||
| P/E Ratio | 5109.77 |
Source: Unaudited Q2 Report, FY 2080/81
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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