Nagbeli Laghubitta’s net profit rises by 54.39% in the first quarter; EPS stands at Rs 20.56

Mon, Nov 19, 2018 7:56 AM on Financial Analysis, Latest, Stock Market,

Nagbeli Laghubitta Bikas Bank Limited (NBBL) has reported 54.39% increase in profit in the first quarter of the fiscal year 2075/76.

According to the unaudited financial report for the first quarter published today, the microfinance has stated that its net profit increased to Rs 39.40 lakh in first quarter as compared to Rs 25.52 lakh in the corresponding quarter of the last fiscal year 2074/75.

Its deposits have increased to reach Rs 26.14 crore in the first quarter of the fiscal year 2075/76 from Rs 18.69 crore in the corresponding quarter of the fiscal year 2074/75. It has floated loans of Rs 73.42 crore in the first quarter of fiscal year 2075/76. The borrowing of the microfinance has increased from Rs 43.01 crore in the corresponding quarter of the previous year to Rs 56.19 crore in the first quarter of the fiscal year 2075/76.

Its net interest income has increased to Rs 1.52 crore in the Q1 up from Rs 1.27 crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs 61.91 lakh in Q1 of the ongoing fiscal year.

NBBL’s paid up capital stand at Rs 7.66 crore and reserve and surplus is Rs 6.94 crore in first quarter of FY 2075/76.

Its Earnings per Share (EPS) stands at Rs 20.56, net worth per share stands is at Rs 190.58 and P/E ratio at 44.5 times.

Major Highlights:

Particulars (In Rs '000)

NBBL

Q1 2075/76

Q1 2074/75

Difference

Paid Up Capital

76,646

52,642

45.60%

Reserve & Surplus

69,425

67,959

2.16%

Deposits

261,455

186,949

39.85%

Borrowings

430,102

561,973

-23.47%

Loans & Advances

734,217

620,457

18.33%

Net Interest Income

15,284

12,784

19.55%

Provision for possible losses

2,458

2,425

1.36%

Operating Profit

6,191

4,010

54.39%

Net Profit

3,940

2,552

54.39%

NPL (%)

4.09

3.29

24.32%

Annualized EPS (In Rs.)

20.56

19.39

6.04%

Net Worth per Share (In Rs.)

190.58

229.10

-16.81%

P/E Ratio (In times)

44.5

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