Nagbeli Laghubitta Bikas Bank Limited (NBBL) has posted slides in net profit by 70.88% to Rs 25.51 lakh in the first quarter (Q1) of fiscal year 2074/75.
Publishing the unaudited financial report for the first quarter today, the microfinance institution has stated that its operating profit has also decrease to Rs 40.10 lakh in Q1 from Rs 1.37 crore in the corresponding quarter of the last fiscal year.
The micro finance institution’s borrowing remains to be Rs 56.19 crore and has collected Rs 18.69 crore in deposits.
Likewise, it has extended loans and advances of Rs 62.04 in Q1 of FY 2074/75 whereas in the same period last year the figure stood at Rs. 54.01 crore.
NBBL has a paid up capital of Rs 5.26 crore and has Rs 6.63 crore in reserve and surplus. It had announced 45.47% bonus from the net profit of FY 2073/74 and 100% right shares to its shareholders. After bonus and right shares, its paid up capital will reach to Rs 15.26 crore.
Its non- performing loan (NPL) increased to 3.29 % in Q1 from 1.71 % in the first quarter of the last fiscal year.
NBBL’s earning per share (EPS) has decreased to Rs 19.38 in Q1 from Rs 140.14 previous year. Its net worth per share stands at Rs 226 and P/E ratio at 194.64 times.
Major Highlights:
| Particulars (In Rs '000) |
Nagbeli Laghubitta (NBBL) |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
52,641 |
25,000 |
110.56% |
| Reserve & Surplus |
66,330 |
59,829 |
10.87% |
| Deposits |
186,949 |
125,252 |
49.26% |
| Borrowings |
561,972 |
369,905 |
51.92% |
| Loans & Advances |
620,457 |
540,141 |
14.87% |
| Net Interest Income |
12,783 |
18,227 |
-29.87% |
| Provision for possible losses |
2,424 |
198 |
1124.24% |
| Operating Profit |
4,010 |
13,765 |
-70.87% |
| Net Profit |
2,551 |
8,759 |
-70.88% |
| NPL (%) |
3.29 |
1.71 |
92.40% |
| Annualized EPS (In Rs.) |
19.38 |
140.14 |
-86.17% |
| Net Worth per Share (In Rs.) |
226.00 |
339.32 |
-33.39% |
| P/E Ratio (In times) |
194.64 |
- |
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