Nagbeli Laghubitta profit rises by 11.6% to Rs 3.96 crore in Q4; Company is in acquisition process with Mirmire Laghubitta
Wed, Aug 12, 2020 11:56 AM on Company Analysis, Latest,
Nagbeli Laghubitta Bittiya Sanstha Limited has earned Rs. 3.96 crore net profit in the fourth quarter of FY 2076/77.
The profit of the company in Q4 2076/77 has increased by 11.6% compared to Rs 3.55 crores in Q4 2075/76.
The borrowings of the company have increased by 25.38% to Rs 51.91 crores from Rs 41.40 crores in Q4 2076/77. The microfinance company collected deposits of Rs 38.94 crores and has floated loans of Rs 1.20 Arba in the Q4 2076/77. Loan & advances of the company have increased by 28.21% compared to the corresponding quarter of last fiscal year.
The net interest income of the company has grown by 36.34%, from Rs 9.22 crores to Rs 12.57 crores in Q4 2076/77. Operating profit has increased by 22.72% to Rs. 6.25 crores.
The Paid-Up capital and reserve of Nagbeli Laghubitta Bittiya Sanstha Limited stand at Rs 21.12 crores and Rs 11.22 crores respectively. The net worth per share stood at Rs 153.12 in Q4 2076/77.
The shares of Nagbeli Laghubitta haven't traded in NEPSE since 2019, May 13, because of the ongoing acquisition process with Mirmire Microfinance.
Major Highlights
| Particulars (In Rs '000) | Nagbeli Laghubitta Bittiya Sanstha Limited | ||
|---|---|---|---|
| Q4 2076/77 | Q4 2075/76 | Difference | |
| Paid Up Capital | 211,276.17 | 167,679.50 | 26.00% |
| Reserve & Surplus | 112,226.72 | 120,735.51 | -7.05% |
| Deposits | 389,460.47 | 328,423.95 | 18.58% |
| Borrowings | 519,132.55 | 414,059.81 | 25.38% |
| Loans & Advances | 1,200,109.25 | 936,081.25 | 28.21% |
| Net Interest Income | 125,760.01 | 92,242.68 | 36.34% |
| Staff Expenses | 57,588.47 | 42,881.61 | 34.30% |
| Provision for possible losses | 8,088.18 | 7,725.35 | - |
| Operating Profit | 62,567.54 | 50,983.86 | 22.72% |
| Net Profit | 39,649.42 | 35,528.84 | 11.60% |
| Capital Adequacy (%) | 22.07 | 29.04 | -24.00% |
| NPL (%) | 1.96 | 2.36 | - |
| Cost of Fund (%) | 10.00 | 9.00 | 11.11% |
| EPS (In Rs.) | 18.77 | 21.19 | - |
| Net Worth per Share (In Rs.) | 153.12 | 172.00 | -10.98% |
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