Huge provision and interest rebate results in 61.55% decline in net profit of Nirdhan Utthan Laghubitta in Q4
Mon, Aug 17, 2020 7:22 AM on Latest, Company Analysis,
Nirdhan Utthan Laghubitta Bittiya Sanstha Limited (NUBL) has published the unaudited financial report for the fourth quarter of fiscal year 2076/77 today.
It has stated that net profit has decreased by a massive 61.55% to Rs 28.43 crore in the fourth quarter from Rs 73.95 crore reported in the corresponding quarter of the previous fiscal year 2075/76. The decline in net profit is due to the massive amount of provision of possible losses of Rs 49.09 crore and also due to the interest rebate provided by the company to its customers in this quarter.
The microfinance has borrowings of Rs 6.94 arba. Likewise, it extended loans of Rs 20.15 arba up from Rs 19.63 arba in the corresponding quarter. It has collected deposits of Rs 13.34 arba till the fourth quarter.
NUBL’s net interest income decreased by 5.45% from Rs 1.57 arba to Rs 1.49 arba. Its operating profit has decreased massively to Rs 44.71 crore till Q4, from Rs 1.14 arba in the corresponding quarter. Microfinance’s non-performing loan (NPL) has increased to 1.83 percent in the review period.
It has paid-up capital of Rs 1.5 arba with a reserve of Rs 1.85 arba till the fourth quarter.
It's earning per share (EPS) stands at Rs 18.96. Currently, the Net worth per share stands at Rs 223.35 and the P/E ratio at 53.54 times.
Major Highlights:
|
Particulars (In Rs '000) |
Nirdhan Utthan Laghubitta |
||
|---|---|---|---|
|
Q4 2076/77 |
Q4 2075/76 |
Difference |
|
|
Paid Up Capital |
1,500,000.00 |
1,200,000.00 |
25.00% |
|
Reserve & Surplus |
1,850,230.00 |
1,622,081.00 |
14.07% |
|
Borrowings |
6,945,133.00 |
7,694,287.00 |
-9.74% |
|
Deposits |
13,341,629.00 |
11,048,944.00 |
20.75% |
|
Loans & Advances |
20,150,818.00 |
19,639,575.00 |
2.60% |
|
Net Interest Income |
1,493,238.00 |
1,579,264.00 |
-5.45% |
|
Staff Expenses |
757,208.00 |
663,488.00 |
14.13% |
|
Provision for possible losses |
490,969.00 |
130,939.00 |
- |
|
Operating Profit |
447,117.00 |
1,146,248.00 |
-60.99% |
|
Net Profit |
284,345.00 |
739,509.00 |
-61.55% |
|
Capital Adequacy (%) |
12.72 |
12.20 |
4.26% |
|
NPL (%) |
1.83 |
1.17 |
- |
|
Cost of Fund (%) |
8.55 |
8.70 |
-1.72% |
|
EPS (In Rs.) |
18.96 |
61.63 |
-69.24% |
|
Net Worth per Share (In Rs.) |
223.35 |
235.17 |
-5.03% |
|
Qtr end PE Ratio (times) |
53.54 |
- |
- |
|
Qtr End Market Price |
1015 |
- |
- |
