NESDO Makes Public Q4 Report; Profits Decline; EPS Still Impressive at Rs. Rs. 57.55
Mon, Aug 14, 2023 4:18 PM on Latest, Financial Analysis,
Nesdo Sambridha Laghubitta Bittiya Sanstha Limited (NESDO) has published its fourth quarter report for the recently concluded financial year 2079-80 with a significant decline in its Net Profits by 28.81 percent. As of FY 2079-80, the company has profited only Rs. 14.67 crores as opposed to Rs. 20.61 crores made until the corresponding quarter of FY 2078-79.
While there has only been a negligible change in deposits accumulated, the loan disbursement has declined by 14.16 percent as of FY 2079-80’s end.
The Net Interest Income—core business revenue—has declined only marginally by 2.82 percent, totaling Rs. 38.11 crores as of FY 2079-80.
The company has Rs. 10.49 crores available for distribution amongst its shareholders as of Ashad 31, 2080.
The Earnings per Share (EPS) of the company stands at Rs. 57.55, alongside a Net worth per Share of Rs. 385.64 as of FY 2079-80's end.
The financial institution maintains Rs. 25.50 crores in paid-up capital and has Rs. 72.83 crores in Reserve and Surplus (Reserve + Retained Earnings).
Major Financial Highlights:
| Particulars (In Rs '000) | NESDO Sambridha Laghubitta | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 255,000.00 | 255,000.00 | 0.00% |
| Share Premium | - | - | - |
| Retained Earnings | 473,277.45 | 368,296.02 | 28.50% |
| Reserves | 255,102.84 | 263,903.05 | -3.33% |
| Deposits | 2,545,904.32 | 2,522,498.10 | 0.93% |
| Borrowings | 150,000,000.00 | 150,000,000.00 | 0.00% |
| Loans & Advances | 3,656,829.32 | 4,259,965.07 | -14.16% |
| Net Interest Income | 381,164.24 | 392,215.92 | -2.82% |
| Staff Expenses | 134,883.79 | 131,415.46 | 2.64% |
| Impairment Charges | 63,493.56 | 25,178.93 | 152.17% |
| Operating Profit | 209,641.33 | 295,250.66 | -29.00% |
| Net Profit/Loss | 146,748.93 | 206,129.01 | -28.81% |
| Distributable Profit | 104,981.43 | - | - |
| Capital Adequacy (%) | 18.84 | 15.04 | 25.27% |
| NPL (%) | 7.72 | 8.22 | -6.08% |
| Cost of Fund (%) | 9.90 | 11.84 | -16.39% |
| Base Rate (%) | 18.28 | 6.88 | 165.70% |
| EPS (In Rs.) | 57.55 | 80.83 | -28.81% |
| Net Worth per Share (In Rs.) | 385.64 | 347.92 | 10.84% |
| Qtr end PE Ratio (times) | 35.52 | - | - |
| Qtr End Market Price | 2044 | - | - |
