Naya Nepal Laghubitta posts huge growth in the net profit for Q3; net interest income increases by 113% and stands at Rs.2.68 Crore

Naya Nepal Laghubitta Bittiya Sanstha Limited (NNLB) posted a huge rise of 3428% in the net profits. The net profit stood at Rs. 83.26 Lakhs in the third quarter this year as compared to profit of Rs.2.36 Lakhs in the corresponding quarter of the last year.

The microfinance company collected deposits equal to Rs 11.74 crore while loans and advance amounted to Rs 61.99 crore. The borrowings of the company grew to Rs.43.97 Crore, marking an increase of 107%.

The paid-up capital of the company stands at Rs 8.40 crore with reserve of Rs 3.03 crore. The net interest income stands at Rs 2.68 crore up from Rs 1.26 crore posted in the corresponding profit of the previous year.

The annualized EPS of the company currently stands at Rs 13.21. The net worth per share stands at Rs 136.11. The PE ratio as of the third quarter stands at 66.20 times.