Massive profit growth of Nagbeli & Sana Kisan Laghubitta by 83.16% & 45.06% respectively in Q4; RMDC earning drop by 14.83%

Nagbeli Laghubitta Bikash Bank (NBBL) has posted net profit rise of 83.16% in the fourth quarter (Q4) of last fiscal year 2072/73. Publishing the unaudited financial report for the fourth quarter today, the net profit of the company rose to Rs 3.23 crore in Q4 up from Rs 1.76 crore in the corresponding quarter of the previous fiscal year 2071/72. Its net interest income surged to Rs. 6.24 crore in Q4 up from Rs 3.73 crore in the corresponding quarter. The micro finance institution’s borrowing increases to Rs 38.93 crore from Rs 23.31 crore in the corresponding quarter. It has collected Rs 11.44 crore in deposits. Likewise, it has extended loans and advances of Rs 50.32 crore in Q4 of FY 2072/73 whereas in the same period last year the figure stood at Rs. 33.93 crore. Nagbeli Laghubitta has a paid up capital of Rs 2.5 crore and has Rs 5.60 crore in reserve and surplus.  Its non- performing loan (NPL) increased from 1.04% to 0.91 % in the fourth quarter of the current fiscal year. NBBL’s  annualized earning per share (EPS) now stands at Rs  129.24, its net worth per share stands at Rs 324.16 while the P/E ratio stands at 34.05 times. Likewise, Sana Kisan Bikas Bank Limited (SKBBL) has reported a net profit of Rs 22.34 crore in the fourth quarter for the fiscal year 2072/73.The profit surged by 45.06 % as compared to the corresponding quarter  of the previous fiscal year. The figure stood at Rs 15.40 crore in the corresponding quarter of the previous fiscal year. As per the unaudited financial report published today, the microfinance company has borrowings of Rs 9.67 arba compared to Rs 7.17 arba in the corresponding quarter of the previous fiscal year. The micro finance company net interest income has risen to Rs 48.79 crore increasing from Rs 35.92 crore of the corresponding quarter of the previous fiscal year. The micro finance has paid up capital of Rs 40.24 crore in Q4 with reserve of Rs 91.61 crore. Its NPL decreased to 0.07% in Q4 from 0.17% in the previous quarter. its Earning per Share (EPS) and net worth remains at Rs 55.53 and Rs 327.63 respectively. Its PE stands at 45 times. Meanwhile, Rural Microfinance Development Centre Limited (RMDC) has posted decline in net profit by 14.83 percent for the fourth quarter of the last fiscal year 2072/73. Publishing the unaudited financial report for the fourth quarter today, RMDC has stated that its  net profitdrop  to Rs 17.01 crore in fourth quarter from Rs 19.97 crore in the corresponding quarter of the fiscal year 2071/72. The microfinance has collected borrowings of Rs 4.67 arba in the 4th quarter compared to Rs 3.90 arba in the corresponding quarter last year. Likewise, it extended loans of Rs  4.74 arba, up from Rs 4.05 arba. The company’s core business has not gone down though its net profit has declined as Its net interest income has inclined from Rs 25.71 crore in the corresponding quarter last year to Rs 27.42 crore in the Q4 of FY 2071/72. It’s paid up capital stood at Rs 62.92 crore. The microfinance reserve and surplus increased to 1.22 arba in Q4 from 1.20 arba in the corresponding quarter of the last fiscal year. Its annualized  EPS now stands at Rs 27.03 , net worth per share at Rs 295.04 and PE ratio at 51.35 times.