Nepal Finance Sees 10.01% Drop in Q4 Net Profit Despite Growth in Net Interest Income; EPS at Rs. 2.48
Sun, Aug 4, 2024 8:46 AM on Financial Analysis, Company Analysis, Latest,
Nepal Finance Limited (NFS) has reported a 10.01% decline in net profit for the fourth quarter of fiscal year 2080/81, amounting to Rs 1.81 Crores, down from Rs 2.01 Crores in the same period last year.
Despite the drop in net profit, NFS saw an increase in net interest income, which rose to Rs 11.07 Crores in Q4 from Rs 9.24 Crores in the corresponding quarter of the previous fiscal year. However, impairment charges of Rs 62.58 lakhs impacted the company's profitability for the quarter.
The company's financials indicate deposits totaling Rs 2.55 Arba and loans and advances to customers amounting to Rs 2.01 Arba by the end of Q4 FY 2080/81. Nepal Finance's paid-up capital stands at Rs 72.99 Crores, with reserves of Rs 43.1 Crores.
NFS reported an annualized Earnings per Share (EPS) of Rs 2.48 and a net worth per share of Rs 137.52.
Report:
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | Nepal Finance Limited | ||
|---|---|---|---|
| Q4 2080/81 | Q4 2079/80 | Difference | |
| Paid Up Capital | 729,906.75 | 727,532.25* | 0.33% |
| Share Premium | 51,082.37 | 51,054.09* | 0.06% |
| Retained Earnings | -208,229.09 | -212,979.85* | - |
| Reserves | 431,018.66 | 427,131.00* | 0.91% |
| Deposits | 2,554,505.79 | 1,806,107.64* | 41.44% |
| Loans & Advances to Banks and FIs | 174,196.01 | 76,336.57* | 128.19% |
| Loans & Advances to Customers | 2,019,643.67 | 1,303,388.02* | 54.95% |
| Net Interest Income | 110,755.95 | 92,401.77 | 19.86% |
| Personnel Expenses | 63,162.72 | 55,246.97 | 14.33% |
| Impairment Charges | 6,258.67 | -25,039.20 | - |
| Operating Profit | 25,883.21 | 23,523.62 | 10.03% |
| Net Profit | 18,118.25 | 20,134.68 | -10.01% |
| Capital Adequacy (%) | 31.71 | 43.65 | -27.35% |
| NPL (%) | 9.11 | 12.16 | -25.08% |
| Cost of Fund (%) | 8.03 | 9.88 | -18.72% |
| Annualized EPS (In Rs.) | 2.48 | 2.77 | -10.31% |
| Net Worth per Share (In Rs.) | 137.52 | 136.45 | 0.78% |
| Qtr End Market Price | 894 | - | - |
