Nerude Laghubitta publishes net profit of Rs.6.05 Crore by the end of second quarter; EPS and net worth per share at Rs.30.43 and Ra.216.55 respectively

Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) has published a Q2 report of the fiscal year 2076/77 reporting a net profit of Rs.6.05 Crore. The profit of the company has surges by 58.45%.

The borrowings of the company had increased by 27.61% to Rs.2.47 Arba from Rs.1.94 Arba till Q2. The microfinance company collected deposits of Rs.2.14 Arba and has floated loans of Rs.5.31 Arba till Q2.

The net interest income of the company has increased by 22.35%, from Rs.18.01 Crore to Rs.22.04 crore in the Q2. The operating profit has increased by 60.05% to Rs.9.60 Crore.

The microfinance Company has a paid-Up capital of Rs.39.76 Crore with reserve of Rs.46.34 Crore. The annualized EPS and net worth per share stood at Rs.30.43 and Rs.216.55 respectively. P/E ratio according to the report is 20.47 times.