Nerude Laghubitta shows remarkable growth in Q2 of FY 75/76; The Operating Profit & Net Profit grows by 68%
Fri, Feb 1, 2019 12:00 PM on Latest, Stock Market, Financial Analysis,
Nerude Laghubita Bittiya Sanstha Limited (NLBBL) has published a Q2 report of the fiscal year 2075/76 reporting a net profit of Rs 3.82 crore.
The profit of the company in Q2 2075/76 has surges massively by 68.21% compared to Rs 2.27 crore in the Q2 2074/75.
The borrowings of the company has increased by 17.56% to Rs 1.94 arba from Rs 1.65 arba in Q2 2075/76.
The Microfinance Company collected deposits of Rs 1.71 arba and has floated loans of 4.39 arba in the Q2 2075/76. Loan & advances and deposit of the company surged by 31.48% and 30.77% compared to the corresponding quarter of last fiscal year.
The net interest income of the company has increased by 19.6%, from Rs 15.07 crore to Rs 18.02 crore in Q2 2075/76. Operating profit has increased massively by 68.21% to Rs 6.0 crore in Q2 2075/76.
The Microfinance Company has a Paid-Up capital of Rs 34.58 crore with reserved of Rs 41.9 crore. The EPS and net worth per share stood at Rs 22.01 and Rs 221.28 in Q2 2075/76.P/E ratio according to the report is 21.28 times.
The EPS and net worth per share stood at Rs 22.01 and Rs 221.28 respectively, in Q2 2075/76. P/E ratio according to the report is 21.28 times.
| Particulars (In Rs '000) | NLBBL | ||
|---|---|---|---|
| Q2 2075/76 | Q2 2074/75 | Difference | |
| Paid Up Capital | 345,780 | 306,000 | 13.00% |
| Reserve & Surplus | 419,015 | 317,852 | 31.83% |
| Deposits | 1,710,801 | 1,308,237 | 30.77% |
| Borrowings | 1,941,087 | 1,651,152 | 17.56% |
| Loans & Advances | 4,399,300 | 3,346,013 | 31.48% |
| Net Interest Income | 180,195 | 150,663 | 19.60% |
| Provision for possible losses | 21,123 | 19,784 | 6.77% |
| Operating Profit | 60,005 | 35,673 | 68.21% |
| Net Profit | 38,185 | 22,701 | 68.21% |
| NPL (%) | 1.81 | 1.39 | 30.22% |
| Annualized EPS (In Rs.) | 22.01 | 14.84 | 48.34% |
| Net Worth per Share (In Rs.) | 221.28 | 203.87 | 8.54% |
| P/E ratio | 21.28 |
.png)
