Huge amount in provision leads to massive decline in net profit for Nirdhan Utthan Laghubitta in Q2; NPL increases to 15.15%
Tue, Feb 9, 2021 8:12 AM on Latest, Company Analysis,
Nirdhan Utthan Laghubitta Bittiya Sanstha (NUBL) has published its second-quarter report of FY 2077/2078 with a decrease in Net Profit by 85.85%. As per the report published by the company, the net profit decreased to Rs. 5.71 crores as compared to Rs. 40.41 crores in the corresponding quarter of the previous year.
The borrowings of the company decreased to Rs. 6.47 Arba which was Rs. 8.04 Arba in the corresponding quarter of the previous year. The company’s loans and advances increased to Rs. 22.94 Arba in this quarter.
As per the report, the company had set aside huge amount of provision for possible losses of Rs. 81.02 crores which led to decline in net profit of the company.
The net interest income (core revenue) has increased by 15.27% to Rs. 1.03 Arba compared to Rs. 90.21 crores in the corresponding quarter of the previous year.
The paid-up capital of the company stood to Rs. 1.50 Arba in this quarter and its reserve and surplus stood at Rs. 2.88 Arba which is an increase of 91.34%.
Its annualized earnings per share (EPS) stands at Rs. 7.63. The net worth per share increased to Rs. 292.62. The company traded at a P/E multiple of 176.25 times.
Major Highlights:
|
Particulars |
Nirdhan Utthan Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q2, 2077/2078 |
Q2, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
1,500,000.00 |
1,500,000.00 |
0.00% |
|
Reserve & Surplus |
2,889,304.00 |
1,510,051.00 |
91.34% |
|
Borrowings |
6,470,773.00 |
8,049,570.00 |
-19.61% |
|
Deposits |
14,708,563.00 |
12,320,447.00 |
19.38% |
|
Loans & Advances |
22,947,132.00 |
20,509,764.00 |
11.88% |
|
Net Interest Income |
1,039,855.00 |
902,110.00 |
15.27% |
|
Provision for possible Losses |
810,265.00 |
67,356.00 |
- |
|
Write Back of Provision |
0.00 |
0.00 |
- |
|
Net Profit |
57,193.00 |
404,177.00 |
-85.85% |
|
Capital Adequacy (%) |
11.10% |
11.68% |
- |
|
NPL (%) |
15.15% |
1.53% |
- |
|
Cost of fund (%) |
6.28% |
8.50% |
- |
|
EPS (Rs.) |
7.63 |
53.89 |
- |
|
Net worth per share (Rs.) |
292.62 |
200.67 |
- |
|
Qtr end PE ratio (Times) |
176.25 |
- |
- |
|
Qtr End Market Price |
1344 |
- |
- |
