Massive Write Back Inflates the Profit of Nirdhan Utthan Laghubitta in Q4; Look at the Overall Performance
Thu, Aug 5, 2021 5:00 PM on Company Analysis, Latest,
Nirdhan Utthan Laghubitta Bittiya Sanstha Limited (NUBL) published the fourth-quarter report of FY 2077/2078 with an outstanding 223.26% increment in Net Profit. As per the report published by the company, the net profit increased to Rs. 91.91 crore as compared to Rs. 28.43 crore in the corresponding quarter of the previous year.
This huge increment in Net Profit is mainly due to a massive write-back of provision worth Rs. 4.26 Arba.
The borrowings of the company decreased by 8.86% to Rs. 6.32 Arba which was Rs. 6.94 Arba in the corresponding quarter of the previous year. The deposits of the company increased by 18.57% to Rs 15.81 arba. The company’s loans and advances have also increased by 19.49% to 24.07 Arba in this quarter.
The net interest income (core revenue) has increased by 43.54% to Rs. 2.14 arba compared to Rs. 1.49 arba in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 1.69 Arba in this quarter and its reserve and surplus stood at Rs. 2.80 Arba which is an increase of 51.39% in this quarter.
The company non-performing loans stands at 4.11% till this quarter.
Its annualized earnings per share (EPS) stands at Rs. 54.23. The net worth per share is Rs. 265.25. The company traded at a P/E multiple of 29.50 times.
Major Highlights:
|
Particulars |
Nirdhan Utthan Laghubitta Bittiya Sanstha Limited |
||
|
Q4, 2077/2078 |
Q4, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
1,695,000.00 |
1,500,000.00 |
13.00% |
|
Reserve & Surplus |
2,801,046.00 |
1,850,230.00 |
51.39% |
|
Borrowings |
6,329,588.00 |
6,945,133.00 |
-8.86% |
|
Deposits |
15,819,201.00 |
13,341,629.00 |
18.57% |
|
Loans & Advances |
24,077,563.00 |
20,150,818.00 |
19.49% |
|
Net Interest Income |
2,143,340.00 |
1,493,238.00 |
43.54% |
|
Provision for possible Losses |
4,509,613.00 |
490,969.00 |
- |
|
Write Back of Provision |
4,262,323.00 |
0.00 |
- |
|
Net Profit |
919,173.00 |
284,345.00 |
223.26% |
|
Capital Adequacy (%) |
13.18% |
12.72% |
- |
|
NPL (%) |
4.11% |
1.83% |
- |
|
Cost of fund (%) |
6.74% |
8.55% |
- |
|
EPS (Rs.) |
54.23 |
18.96 |
- |
|
Net worth per share (Rs.) |
265.25 |
223.35 |
- |
|
Qtr end PE ratio (Times) |
29.50 |
- |
- |
|
Qtr End Market Price |
1600 |
- |
- |
