Nerude Laghubitta’s net profit plunges by 52.53%; Net worth and P/E rato at Rs 185.88 and 48.8 times respectively
Thu, May 10, 2018 2:12 AM on Financial Analysis, Latest, Stock Market,
Nerude Laghubitta Bikas Bank Limited (NLBBL) has shown fall in net profit by 52.53 percent in the third quarter (Q3) of the current fiscal year 2074/75.
Publishing the unaudited financial report for the third quarter today, the microfinance company stated that its net profit falls to Rs 3.72 crore in the Q3 of current fiscal year 2074/75, down from Rs 7.85 crore in the corresponding period of the previous fiscal year 2073/74.
Its net interest income has also fallen from Rs 23.65 crore in corresponding quarter to Rs 22.59 crore in the third 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 26.27 crore in Q3.
The company has no borrowings the third quarter, which was Rs 1.52 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 3.75 arba in Q3 whereas in the same period last year the figure stood at Rs 2.98 arba.
Its non-performing loan (NPL) has increased to 1.56% in Q3 from 0.83% in the previous year report.
Its annualized earning per share (EPS) stands at Rs 16.25, net worth per share at Rs 185.88 and the P/E ratio at 48.8 times.
Major Highlights:
|
Particulars (In Rs '000) |
NLBBL |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
306,000 |
216,000 |
41.67% |
|
Reserve & Surplus |
262,797 |
221,887 |
18.44% |
|
Deposits |
1,407,703 |
1,031,245 |
36.51% |
|
Borrowings |
- |
1,529,825 |
- |
|
Loans & Advances |
3,750,386 |
2,989,539 |
25.45% |
|
Net Interest Income |
225,985 |
236,586 |
-4.48% |
|
Provision for possible losses |
28,930 |
10,736 |
169.47% |
|
Operating Profit |
58,610 |
123,469 |
-52.53% |
|
Net Profit |
37,297 |
78,571 |
-52.53% |
|
NPL (%) |
1.56 |
0.83 |
87.95% |
|
Annualized EPS (In Rs.) |
16.25 |
48.50 |
-66.49% |
|
Net Worth per Share (In Rs.) |
185.88 |
202.73 |
-8.31% |
|
P/E Ratio (In times) |
48.8 |
- |
- |
