Nagbeli Laghubitta reports decline in Net Profit by 9.78% in Q2; EPS and Net worth per share stand at Rs. 13.98 and Rs. 148.05 respectively
Wed, Feb 13, 2019 10:20 AM on Financial Analysis, Latest, Stock Market,
Nagbeli Laghubitta Bikas Bank Limited (NBBL) has reported 9.78% decrease in net profit in the second quarter of the fiscal year 2075/76.
According to the unaudited financial report for the second quarter published today, the microfinance has stated that its net profit decreased to Rs 1.07 crore in this quarter as compared to Rs 1.18 crore in the corresponding quarter of the last fiscal year 2074/75.
Its deposits have increased to reach Rs 27.91 crore in the Q2 of the FY 2075/76 from Rs 20.47 crore in the corresponding quarter of the FY 2074/75. It has floated loans of Rs 73.22 crore in this quarter and the borrowing of the microfinance has decreased by 20.54% from Rs 47.03 crore in the corresponding quarter of the previous year to Rs 37.37 crore in the second quarter of current fiscal year.
Its net interest income has increased to Rs 3.55 crore in this Q2 up from Rs 2.49 crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs 1.68 crore till this month of the ongoing fiscal year.
NBBL’s paid-up capital stands at Rs 15.33 crore and reserve and surplus is Rs 7.36 crore. The company has proposed 9.38% bonus share from the profit it made in last FY. After the adjustment of bonus share, the capital will increase to Rs 16,76,71,445.
Its EPS stands at Rs 13.98, net worth per share stands at Rs 148.05 with P/E ratio at 55.81 times.
Major Highlights:
|
Particulars (In Rs '000) |
Nagbeli Laghubitta Bikash Bank Limited |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
153,299 |
76,646 |
100.01% |
|
Reserve & Surplus |
73,665 |
51,649 |
42.63% |
|
Deposits |
279,150 |
204,706 |
36.37% |
|
Borrowings |
373,722 |
470,310 |
-20.54% |
|
Loans & Advances |
732,218 |
612,505 |
19.54% |
|
Net Interest Income |
35,513 |
24,953 |
42.32% |
|
Provision for possible losses |
5,012 |
4,642 |
7.96% |
|
Operating Profit |
16,834 |
11,243 |
49.73% |
|
Net Profit |
10,713 |
11,874 |
-9.78% |
|
NPL (%) |
4.81 |
3.29 |
46.20% |
|
Annualized EPS (In Rs.) |
13.98 |
30.99 |
-54.89% |
|
Net Worth per Share (In Rs.) |
148.05 |
167.39 |
-11.55% |
|
P/E ratio |
55.81 |
||
