Nerude Laghubitta's Net Profit Rises by 27.78% in Q4; EPS stands at Rs 38.83 and Traded at PE multiple of 22.66 Times
Wed, Aug 3, 2022 10:18 AM on Latest, Financial Analysis,
Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) published the fourth-quarter report of FY 2078/2079 with a satisfactory rise in net profit by 27.78%. As per the report published by the company, the net profit increased to Rs. 23.30 crores as compared to Rs. 18.23 crore in the corresponding quarter of the previous year.
The borrowings of the company increased by 33.30% to Rs. 5.20 Arba which was Rs. 3.90 Arba in the corresponding quarter of the previous year. The deposits of the company increased by 22.51% to Rs 3.20 arba. The company’s loans and advances have also increased by a satisfactory 26.27% to 9.98 Arba in this quarter.
The net interest income (core revenue) has increased by 8.03% to Rs. 61.28 crores compared to Rs. 56.72 crores in the corresponding quarter of the previous year.
The provision of possible losses stands at Rs 14.10 crores whereas at the same time company is able to write back Rs 15.58 crores.
The paid-up capital of the company stood at Rs. 60 crores in this quarter and its reserve and surplus stood at Rs. 79.14 crores.
The company NPL is at a higher level of 4.74%.
Its earnings per share (EPS) stand at Rs. 38.83. The net worth per share is Rs. 231.91. The company traded at a P/E multiple of 22.66 times.
Major Highlights:
|
Nerude Laghubitta | |||
|---|---|---|---|---|
| Q4 2078/79 | Q4 2077/78 | Difference | ||
| Paid Up Capital | 600,000 | 493,878 | 21.49% | |
| Reserve & Surplus | 791,442 | 635,295 | 24.58% | |
| Borrowings | 5,206,888 | 3,906,047 | 33.30% | |
| Deposits | 3,208,309 | 2,618,785 | 22.51% | |
| Loans & Advances | 9,985,961 | 7,908,626 | 26.27% | |
| Net Interest Income | 612,863 | 567,295 | 8.03% | |
| Staff Expenses | 358,526 | 300,884 | 19.16% | |
| Provision for possible losses | 141,025 | 191,756 | -26.46% | |
| Operating Profit | 213,998 | 89,442 | 139.26% | |
| Write Back | 155,847 | 0 | - | |
| Net Profit | 233,002 | 182,348 | 27.78% | |
| Capital Adequacy (%) | 9.73 | 10.20 | -4.61% | |
| NPL (%) | 4.74 | 4.36 | - | |
| Cost of Fund (%) | 10.45 | 6.62 | 57.85% | |
| EPS (In Rs.) | 38.83 | 36.92 | 5.18% | |
| Net Worth per Share (In Rs.) | 231.91 | 229 | 1.43% | |
| Qtr end PE Ratio (times) | 22.66 | - | - | |
| Qtr End Market Price | 880 | - | - | |
