Nadep Laghubitta reports a whopping 123.71% rise in net profit; Annualized EPS at Rs 17.35

Nadep Laghubitta Bittiya Sanstha Limited (NADEP)'s net profit has increased by 123.71% in the second quarter of the fiscal year 2076/77.

As per the second-quarter report published today, the microfinance company’s net profit and operating profit have increased to Rs 3.19 crore from Rs 1.42 crores and Rs 4.79 crores from 2 crores respectively in the corresponding quarter of the previous FY 2075/76.

The company collected Rs 1.31 arba from deposits and has borrowings of Rs 2.49 arba while it was able to float Rs 4.14 arba as loans and advances during the second quarter.

The paid-up capital of the company stands at Rs 36.80 crore with Rs 21.62 crore as a reserve.

The annualized EPS stands at Rs 17.35. The net worth per share stands at Rs 158.78 with PE ratio of Rs 35.10.

Second Quarter Report