Nerude Laghubitta Bikas Bank Limited (NLBBL) has posted decrease in net profit by 70.97 percent in the first quarter (Q1) of the fiscal year 2074/75.
As per the unaudited quarterly report for the first quarter published today, Nerude Laghubitta has net profit of Rs 41.21 lakh in the Q1 of fiscal year 2074/75, down from Rs. 1.41 crores in the corresponding quarter of fiscal year 2073/74.
Nerude Laghubitta has a paid up capital of 30.60 crores. The microfinance company’s reserve rises by 30.58% to Rs 28.86 crores in Q1 of the fiscal year 2074/75. It had announced 13% bonus shares and 7.68% cash dividend from the net profit of FY 2073/74.
Nerude Laghubitta has borrowings of Rs. 1.68 arba and loans of Rs 3.23 arba in the first quarter of 2074/75 while its borrowings and loan was Rs 1.17 arba and Rs 2.40 arba respectively in the corresponding quarter of fiscal year 2073/74.
Likewise, the non-performing loan has inclined from 0.95 % in the corresponding quarter of the previous fiscal year to 1.06 % this first quarter this fiscal year.
Nerude Laghubitta’s annualized EPS stands at Rs. 5.39 in Q1. Likewise, its net worth per share stands at Rs. 194.33 and P/E ratio is 879.87 times.
Major Highlights:
| Particulars (In Rs '000) |
Nerude Laghubitta (NLBBL) |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
306,000 |
180,000 |
70.00% |
| Reserve & Surplus |
288,654 |
221,053 |
30.58% |
| Deposits |
1,206,399 |
855,659 |
40.99% |
| Borrowings |
1,680,249 |
1,172,238 |
43.34% |
| Loans & Advances |
3,231,632 |
2,406,942 |
34.26% |
| Net Interest Income |
74,546 |
72,296 |
3.11% |
| Provision for possible losses |
10,402 |
4,803 |
116.57% |
| Operating Profit |
6,476 |
22,306 |
-70.97% |
| Net Profit |
4,121 |
14,195 |
-70.97% |
| NPL (%) |
1.06 |
0.95 |
11.58% |
| Annualized EPS (In Rs.) |
5.39 |
31.54 |
-82.92% |
| Net Worth per Share (In Rs.) |
194.33 |
222.81 |
-12.78% |
| P/E Ratio (In times) |
879.87 |
- |
- |
Deprosc Development Bank Limited (DDBL) has also posted decrease in net profit by 21.92 percent in the first quarter (Q1) of the fiscal year 2074/75.
As per the unaudited quarterly report for the first quarter published today, it has shown net profit of Rs 5.41 crore in the Q1 of fiscal year 2074/75, down from Rs. 6.93 crore in the corresponding quarter of fiscal year 2073/74.
Deprosc Laghubitta has a paid up capital of 60.61 crores. The microfinance company’s reserve rises by 27.69 % to Rs 65.45 crores in Q1 of the fiscal year 2074/75. It had distributed 35% bonus from the net profit of FY 2072/73 and 100% right shares.
Deprosc Laghubitta has borrowings of Rs. 3.23 arba and loans of Rs 5.89 arba in the first quarter of 2074/75 while its borrowings and loan was Rs 2.65 arba and Rs 4.30 arba respectively in the corresponding quarter of fiscal year 2073/74.
Likewise, the non-performing loan has inclined from 0.74 % in the corresponding quarter of the previous fiscal year to 0.58 % this first quarter this fiscal year.
Deprosc Laghubitta’s annualized EPS stands at Rs. 35.73 in Q1. Likewise, its net worth per share stands at Rs. 208.04 and P/E ratio is 34.43 times.
Major Highlights:
| Particulars (In Rs '000) |
Deprosc Development Bank (DDBL) |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
606,121 |
257,923 |
135.00% |
| Reserve & Surplus |
654,856 |
512,862 |
27.69% |
| Deposits |
1,809,441 |
1,265,625 |
42.97% |
| Borrowings |
3,231,150 |
2,658,191 |
21.55% |
| Loans & Advances |
5,890,043 |
4,305,380 |
36.81% |
| Net Interest Income |
148,362 |
152,095 |
-2.45% |
| Provision for possible losses |
20,580 |
22,931 |
-10.25% |
| Operating Profit |
69,660 |
89,589 |
-22.24% |
| Net Profit |
54,145 |
69,347 |
-21.92% |
| NPL (%) |
0.58 |
0.74 |
-21.62% |
| Annualized EPS (In Rs.) |
35.73 |
107.55 |
-66.78% |
| Net Worth per Share (In Rs.) |
208.04 |
298.84 |
-30.38% |
| P/E Ratio (In times) |
34.43 |
- |
- |
