Nagbeli Laghubitta Bikas Bank Limited (NBBL) has posted net profit rise of 23.29% in the fourth quarter (Q4) of last fiscal year 2073/74. The net profit of the company rose to Rs 3.37 crore in Q4 up from Rs 2.73 lakh in the corresponding quarter of the previous fiscal year 2072/73.
Publishing the unaudited financial report for the fourth quarter today, the microfinance institution has stated that its operating profit has surged to Rs 4.39 crore in Q4, up from Rs 4.29 crore in the corresponding quarter of the last fiscal year.
Its net interest income surged to Rs. 15.50 crore in Q4 up from Rs 11.72 crore in the corresponding quarter. The micro finance institution’s borrowing remains to be Rs 51.72 crore and has collected Rs 59.49 crore in deposits.
Likewise, it has extended loans and advances of Rs 62.40 in Q4 of FY 2073/74 whereas in the same period last year the figure stood at Rs. 49.16 crore.
NBBL has a paid up capital of Rs 5.26 crore and has Rs 7.65 crore in reserve and surplus. Its non- performing loan (NPL) increased to 1.97% in Q4 from 1.04% in the fourth quarter of the last fiscal year.
NBBL had distributed 60% bonus share to its shareholders from the profit it made in the fiscal year 2072/73 and 50% right shares also.
NBBL’s earning per share (EPS) has declined to Rs 64.07 in Q4 from Rs 68.39 previous year. Its net worth per share stands at Rs 245.43.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
52,642 |
40,000 |
31.60 |
| Reserve and Surplus |
76,555 |
31,082 |
146.30 |
| Borrowings |
421,849 |
389,260 |
8.37 |
| Deposits |
170,855 |
114,402 |
49.35 |
| Loans and Advances |
624,027 |
491,663 |
26.92 |
| Net Interest Income |
73,023 |
62,514 |
16.81 |
| Provision |
8,922 |
7,186 |
24.14 |
| Write Back |
9,038 |
- |
#DIV/0! |
| Operating Profit |
43,965 |
42,985 |
2.28 |
| Net Profit |
33,730 |
27,358 |
23.29 |
| Capital Adequacy Ratio (%) |
17.53 |
15.34 |
14.28 |
| NPL (%) |
1.97 |
1.04 |
89.42 |
| Cost of Fund (%) |
8.00 |
5.22 |
53.26 |
| CD Ratio (as per NRB) (%) |
365.24 |
439.85 |
(16.96) |
| EPS (Annualized) |
64.07 |
68.39 |
(6.32) |
| Networth Per Share |
245.43 |
177.70 |
38.11 |
| P/E Ratio |
49.16 |
- |
|
Meanwhile,
Vijaya Laghubitta Bikas Bank Limited (VLBS) has reported outstanding progress in the fourth quarter of the last fiscal year 73/74. The microfinance company has 31.23 percent rise in net profit in Q4.
As per the unaudited quarterly report for the fourth quarter published today, VLBS has net profit of Rs. 3.17 crore in the Q4 of fiscal year 2073/74, up from Rs. 2.42 crores in the corresponding quarter of fiscal year 2072/73.
VLBS’s earning per share (EPS) has increased to Rs 19.75 in Q4 from Rs 17.31 in corresponding quarter. VLBS had distributed 15% bonus share to its shareholders from the profit it had earned in the FY 2072/73.
VLBS has a paid up capital of Rs 16.10 crores with reserve of Rs 4.12 crores in Q4 of the fiscal year 2073/74.
The microfinance’s net interest income stands at 7.87 arba in the fourth quarter compared to Rs 4.94 arba of the corresponding quarter of the previous fiscal year.
VLBS has borrowings of Rs. 66.62 crore and loans of Rs 87.86 crore in the fourth quarter of 2073/74 while its borrowings and loan was Rs 40.12 crore and Rs 43.16 crore respectively in the corresponding quarter of fiscal year 2072/73.
The microfinance company has an operating profit of Rs 3.53 crore in Q4 compared to Rs 2.56 crore in the corresponding quarter of the previous fiscal year.
VLBS’s non-performing loan has increased to 0.83% in the fourth quarter last fiscal year from 1.31% in the corresponding quarter of the previous fiscal year.
Its net worth per share stands at Rs.125.63 and P/E ratio is 69.55 percent.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
161,000 |
140,000 |
15.00 |
| Reserve and Surplus |
41,267 |
30,470 |
35.44 |
| Borrowings |
666,203 |
400,124 |
66.50 |
| Deposits |
151,910 |
58,601 |
159.23 |
| Loans and Advances |
878,698 |
431,651 |
103.57 |
| Net Interest Income |
78,734 |
49,412 |
59.34 |
| Provision |
9,639 |
3,387 |
184.60 |
| Write Back |
- |
- |
#DIV/0! |
| Operating Profit |
35,370 |
25,635 |
37.98 |
| Net Profit |
31,797 |
24,231 |
31.23 |
| Capital Adequacy Ratio (%) |
21.72 |
34.48 |
(37.01) |
| NPL (%) |
1.31 |
0.83 |
57.83 |
| Cost of Fund (%) |
9.53 |
4.06 |
134.73 |
| CD Ratio (as per NRB) )%) |
87.64 |
71.59 |
22.42 |
| EPS (Annualized) |
19.75 |
17.31 |
14.11 |
| Networth Per Share |
125.63 |
121.76 |
3.18 |
| P/E Ratio |
69.55 |
- |
|
