Nagbeli Laghubitta profit decreases to Rs 1.18 crore; EPS at Rs 30.99

Nagbeli Laghubitta Bikas Bank Limited (NBBL) has reported decrease in profit of 27.24% in the second quarter of the current fiscal year 2074/75. According to the unaudited financial report for the second quarter published today, the microfinance has stated that its net profit decreased to Rs 1.18 crore in second quarter as compared to Rs 1.63 crore in the corresponding quarter of the last fiscal year 2073/74. Its deposits have increased to reach Rs 20.47 crore in the second quarter of the current fiscal year 2074/75 from Rs 13.85 crore in the corresponding quarter of the previous fiscal year. It has floated loans of Rs 61.25 crore in the second quarter of current fiscal year 2074/75. The borrowing of the microfinance has increased from Rs 34.61 crore in the corresponding quarter of the previous year to Rs 47.03 crore in the second quarter of the current fiscal year 2074/75. Its net interest income has decreased to Rs 2.49 crore in the Q2 down from Rs 3.79 crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs. 1.12 crore in Q2 of the ongoing fiscal year. NBBL’s paid up capital stand at Rs 7.66 crore and reserve and surplus is Rs 5.16 crore in second quarter of FY 2074/75. It has issued 100% right shares and endorsed 45.6% bonus shares. Its paid up capital will reach to Rs 15.26 crore after bonus and right shares. It’s annualized Earnings per Share (EPS) stands at Rs 30.99, net worth per share stands is at Rs 167.39 and P/E ratio at 80.37 times. Q2 Report