Nerude Laghubitta's net profit up by 171% with annualized EPS of Rs 27.13; Deposits of Rs 2 arba till Q1 of 2076/77
Tue, Nov 5, 2019 3:47 PM on Financial Analysis, Latest, Stock Market,
Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) has published a Q1 report of the fiscal year 2076/77 reporting a net profit of Rs 2.69 crore. The profit of the company has surges by 171.75%.
The borrowings of the company had increased by 20.52% to Rs 2.36 arba from Rs 1.96 arba till Q1. The microfinance company collected deposits of Rs 2.02 arba and has floated loans of 5.12 arba till Q1.
The net interest income of the company has increased by 27.57%, from Rs 8.80 crore to Rs 11.23 crore in the Q1. The operating profit has increased massively by 174.49% to Rs 4.28 crore.
The microfinance Company has a paid-Up capital of Rs 39.76 crore with reserve of Rs 51.33 crore. The annualized EPS and net worth per share stood at Rs 27.13 and Rs 229.09. P/E ratio according to the report is 18.32 times.
Major Highlights:
| Particulars (In Rs '000) | Nerude Laghubitta | ||
|---|---|---|---|
| Q1 2076/77 | Q1 2075/76 | Difference | |
| Paid Up Capital | 397,647 | 345,780 | 15.00% |
| Reserve & Surplus | 513,302 | 268,795 | 90.96% |
| Borrowings | 2,367,747 | 1,964,669 | 20.52% |
| Deposits | 2,027,600 | 1,597,555 | 26.92% |
| Loans & Advances | 5,122,047 | 4,175,136 | 22.68% |
| Net Interest Income | 112,377 | 88,092 | 27.57% |
| Staff Expenses | 94,208 | 85,387 | 10.33% |
| Provision for possible losses | 8,236 | 9,781 | -15.80% |
| Operating Profit | 42,804 | 15,594 | 174.49% |
| Net Profit | 26,966 | 9,923 | 171.75% |
| Capital Adequacy (%) | 13.27 | 12.22 | 8.59% |
| NPL (%) | 1.7 | 1.7 | 0.00% |
| Cost of Fund (%) | 10.38 | 10.36 | 0.19% |
| Annualized EPS (In Rs.) | 27.13 | 11.48 | 136.32% |
| Net Worth per Share (In Rs.) | 229.09 | ||
| PE Ratio (times) | 18.32 | ||
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