Nerude Laghubitta earns Rs 7.97 crore with massive 114% growth in Q3; EPS stands at Rs 30.75

Fri, May 3, 2019 7:22 AM on Financial Analysis, Latest, Stock Market,

Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) has published a Q3 report of the fiscal year 2075/76 reporting a net profit of Rs 7.97 crore. The profit of the company has surges by 113.82% in the Q3 of FY 2074/75.

The borrowings of the company has increased by 35.54% to Rs 2.17 arba from Rs 1.60 arba till Q3. The microfinance company collected deposits of Rs 1.82 arba and has floated loans of 4.78 arba till Q3.

The net interest income of the company has increased by 23.42%, from Rs 22.58 crore to Rs 27.87 crore in Q3. The operating profit has increased massively by 113.82% to Rs 12.53 crore.

The microfinance Company has a paid-Up capital of Rs 34.57 crore with reserve of Rs 45.47 crore. The annualized EPS and net worth per share stood at Rs 30.75 and Rs 231.52. P/E ratio according to the report is 14.80 times.

Major Highlights:

Particulars (In Rs '000)

Nerude Laghubitta

Q3 2075/76

Q3 2074/75

Difference

Paid Up Capital

345,780.00

306,000.00

13.00%

Reserve & Surplus

454,760.27

262,797.24

73.05%

Deposits

1,825,937.14

1,407,702.53

29.71%

Borrowings

2,178,058.00

1,607,000.00

35.54%

Loans & Advances

4,784,949.98

3,750,386.00

27.59%

Net Interest Income

278,788.26

225,885.00

23.42%

Other Operating Income

130156.70

80011.48

62.67%

Provision for possible losses

27,645.19

28,929.88

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Operating Profit

125,318.11

58,609.89

113.82%

Net Profit

79,747.89

37,297.21

113.82%

Capital Adequacy (%)

16.61

14.77

12.46%

NPL (%)

1.68

1.56

7.69%

Cost of Fund (%)

10.53

10.54

-0.09%

Annualized EPS (In Rs.)

30.75

16.25

89.22%

Net Worth per Share (In Rs.)

231.52

185.88

24.55%

PE Ratio (times)

14.80

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