Nerude Laghubitta Bikas Bank Limited (NLBBL) has shown fall in net profit by 51.25 percent in the second quarter (Q2) of the current fiscal year 2074/75.
Publishing the unaudited financial report for the second quarter today, the microfinance company stated that its net profit falls to Rs 2.27 crore in the Q2 of current fiscal year 2074/75, down from Rs 4.65 crore in the corresponding period of the previous fiscal year 2073/74.
Its net interest income has also fallen from Rs 15.56 crore in corresponding quarter to Rs 15.06 crore in the second quarter.
Its paid up capital remains at Rs 30.60 crore which will reach to Rs 34.57 crore after distribution of 13% bonus shares from the net profit if had earned in the FY 2073/74 with reserve of Rs 31.78 crore in Q2.
The company has borrowings of Rs 1.65 arba in the second quarter, up from Rs 1.37 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 3.34 arba in Q2 whereas in the same period last year the figure stood at Rs 2.71 arba.
Its non-performing loan (NPL) has increased to 1.39% in Q2 from 0.88% in the previous year report.
Its annualized earning per share (EPS) stands at Rs 14.84, net worth per share at Rs 203.87 and the P/E ratio at 54.24 times.
Major Highlights:
| Particulars (In Rs '000) |
NLBBL |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
306,000 |
180,000 |
70.00% |
| Reserve & Surplus |
317,852 |
208,092 |
52.75% |
| Deposits |
1,308,237 |
922,253 |
41.85% |
| Borrowings |
1,651,152 |
1,374,063 |
20.17% |
| Loans & Advances |
3,346,013 |
2,713,891 |
23.29% |
| Net Interest Income |
150,663 |
155,697 |
-3.23% |
| Provision for possible losses |
19,784 |
6,784 |
191.63% |
| Operating Profit |
35,673 |
73,175 |
-51.25% |
| Net Profit |
22,701 |
46,566 |
-51.25% |
| NPL (%) |
1.39 |
0.88 |
57.95% |
| Annualized EPS (In Rs.) |
14.84 |
51.74 |
-71.32% |
| Net Worth per Share (In Rs.) |
203.87 |
215.61 |
-5.44% |
| P/E Ratio (In times) |
54.24 |
|
|
