Nagbeli Laghubitta reports 15% increase in the net profit by the end of Q3; net interest income stands at Rs.5.95 Crore

Nagbeli Laghubitta Bikas Bank Limited (NBBL) has reported 15.53% increase in net profit in the third quarter of the fiscal year 2075/76.

According to the unaudited financial report for the third quarter published today, the microfinance has stated that its net profit increased to Rs 2.12 crore in this quarter as compared to Rs 1.83 crore in the corresponding quarter of the last fiscal year 2074/75.

Its deposits have increased to reach Rs 30.02 crore in the Q3 of the FY 2075/76 from Rs 22.25 crore in the corresponding quarter of the FY 2074/75. It has floated loans of Rs 81.75 crore in this quarter and the borrowing of the microfinance has decreased by 24.80% from Rs 42.94 crore in the corresponding quarter of the previous year to Rs 32.29 crore in the third quarter of current fiscal year.

Its net interest income has increased to Rs 5.95 crore in this Q3 up from Rs 3.83 crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs 3.28 crore till this month of the ongoing fiscal year.

NBBL’s paid-up capital stands at Rs 16.76 crore and reserve and surplus is Rs 10.84 crore. The non-performing loans of the company has increased from 3.76% to 4.28% by the end of the third quarter.

Its annualized EPS stands at Rs 12.67, net worth per share stands at Rs 139.33 with P/E ratio at 47.99 times.