Nerude Mirmire Laghubitta Reports Rs 2.79 Crore Net Loss in Q1 FY 2083/84
Summary
Nerude Mirmire Laghubitta reported a net loss of Rs 2.79 crore in Q1 FY 2083/84, reversing a net profit of Rs 5.53 crore a year earlier. Its net interest income fell sharply while the NPL ratio rose to 21.73%.
Key Points
- Nerude Mirmire Laghubitta Bittiya Sanstha Limited posted a net loss of Rs 2.79 crore in the first quarter of FY 2083/84, down from a profit of Rs 5.53 crore a year earlier.
- Net interest income dropped 28.36% to Rs 28.89 crore, and operating profit turned into a loss of Rs 3.07 crore.
- The company’s NPL ratio rose to 21.73% from 15.70%, while capital adequacy fell to 9.17%.
- EPS slipped to negative Rs 8.01, compared with Rs 15.84 in the same quarter last year.
