107.83% growth in net profit reported by Nagbeli Laghubitta in Q2; Net worth per share at Rs 197.80

Nagbeli Laghubitta Bikas Bank Limited (NBBL) has reported 107.83% increase in net profit in the second quarter of the fiscal year 2076/77.

According to the unaudited financial report for the second quarter published today, the microfinance has stated that its net profit increased to Rs.2.22 crore in this quarter as compared to Rs.1.07 crore in the corresponding quarter of the last fiscal year 2075/76.

Its deposits have increased to reach Rs.38.27 Crore in the Q2 of the FY 2076/77 from Rs.27.91 Crore in the corresponding quarter of the FY 2075/76. It has floated loans of Rs.1.12 Arba in this quarter and the borrowing of the microfinance has increased from Rs.37.37 Crore in the corresponding quarter of the previous year to Rs.56.37 Crore in the second quarter of current fiscal year.

Its net interest income has increased to Rs.5.88 Crore in this Q2 up from Rs.3.55 Crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs.3.49 Crore till the second quarter.

NBBL’s paid-up capital stands at Rs.16.76 Crore and reserve and surplus is Rs.9.81 Crore. The non-performing loans of the company has decreased from 4.81% to 1.94% by the end of the second quarter.

Its annualized EPS stands at Rs.26.55 and net worth per share stands at Rs.197.80 till the end of the second quarter.

Quarterly Report