Nerude Laghubitta reports 36% rise in net profit; EPS at Rs 51.74

Nerude Laghubitta Bikas Bank Limited (NLBBL) has registered a net profit growth of 36.16% in the second quarter of the current FY 2073/74. According to the unaudited financial report published by the microfinance today, its net profit has increased to Rs 4.65 crore in second quarter, up from Rs 3.41 crore in the corresponding quarter of the previous fiscal year. NLBBL’s net interest income has risen to Rs 15.56 crore in Q2 as compared to Rs. 11.67 crore in the corresponding quarter of the last fiscal year. As of Q2, it has a paid up capital of Rs 18 crore with a reserve of Rs 20.80 crore. The bank has borrowed Rs 1.37 arba in Q2. Likewise, it has extended loans and advances of Rs. 2.71 arba in Q2 whereas in the same period last year, the figure stood at Rs 1.73 arba. NLBBL’s annualized Earnings per Share (EPS) has increased to Rs 51.74 per share. Whereas its net worth stands at Rs. 215.61. It has a P/E ratio of 27.05 times. It has announced 20% bonus share for FY 2072/73, and is issuing right share of 50%, which was recently approved by SEBON. After the capitalization of these issues, its paid up capital will reach Rs 30.6 crore.