Nerude Laghubitta Bikas Bank Limited (NLBBL) has posted a net profit rise of 16.87 percent in the fourth quarter (Q4) of the fiscal year 2073/74.
As per the unaudited quarterly report for the fourth quarter published today, Nerude Laghubitta has net profit of Rs. 9.46 crores in the Q4 of fiscal year 2073/74, up from Rs.8.10 crores in the corresponding quarter of fiscal year 2072/73.
Nerude Laghubitta has a paid up capital of 30.60 crores. The microfinance company’s reserve rises by massive 233.84% to Rs 39.66 crores in Q4 of the fiscal year 2073/74.
The microfinance’s net interest income surged to Rs 31.61 crores in the fourth quarter compared to Rs 24.63 crores of the corresponding quarter of the previous fiscal year.
Nerude Laghubitta has borrowings of Rs. 1.64 arba and loans of Rs 3.09 arba in the fourth quarter of 2073/74 while its borrowings and loan was Rs 1.00 arba and Rs 2.09 arba respectively in the corresponding quarter of fiscal year 2072/73.
The microfinance has an operating profit of Rs 14.87 crores in Q4 compared to Rs 11.68 crores in the corresponding quarter of the previous fiscal year.
Likewise, the non-performing loan has declined from 0.87% in the corresponding quarter of the previous fiscal year to 1.09 % this fourth quarter this fiscal year.
Nerude Laghubitta’s annualized EPS stands at Rs. 30.94 in Q4. Likewise, its net worth per share stands at Rs.229.62 and P/E ratio is 41.53 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
306,000 |
216,000 |
41.67 |
| Reserve and Surplus |
396,638 |
118,811 |
233.84 |
| Borrowings |
1,648,415 |
1,008,452 |
63.46 |
| Deposits |
1,138,036 |
810,895 |
40.34 |
| Loans and Advances |
3,095,240 |
2,091,058 |
48.02 |
| Net Interest Income |
316,115 |
246,380 |
28.30 |
| Provision |
20,638 |
12,245 |
68.54 |
| Write Back |
- |
8,820 |
(100.00) |
| Operating Profit |
148,780 |
116,839 |
27.34 |
| Net Profit |
94,678 |
81,010 |
16.87 |
| Capital Adequacy Ratio (%) |
18.19 |
17.73 |
2.59 |
| NPL (%) |
0.87 |
1.09 |
(20.18) |
| Cost of Fund (%) |
9.95 |
6.95 |
43.17 |
| CD Ratio (as per NRB) (%) |
271.98 |
262.86 |
3.47 |
| EPS (Annualized) |
30.94 |
37.50 |
(17.50) |
| Networth Per Share |
229.62 |
155.01 |
48.14 |
| P/E Ratio |
41.53 |
- |
|
Likewise,
Rural Microfinance Development Center Limited (RMDC), wholesale lending organization has reported a growth in net profit by 22.22 percent in its fourth quarter (Q4) of the last fiscal year 2073/74.
As per the published unaudited financial report for the fourth quarter, it stated that its net profit rose to Rs 21.13 crore, up from 17.29 crore of previous fiscal year 2072/73.
Its net interest income has increased from Rs 21.42 crore in corresponding quarters to Rs 34.05 crore in the current quarter.
Rural Microfinance Development Centre has paid up capital of 69.21 crore. The microfinance company’s reserve and surplus had inclined by 19.26 percent to Rs 1.31 arba in Q4 from Rs 1.10 arba in corresponding quarter.
The microfinance has borrowing and loans of Rs 4.99 arba and Rs 5.75 arba resectively in Q4.
RMDC’s earning per share (EPS) has risen to Rs 30.54 in Q4 from Rs 24.99 in the corresponding quarter. Its net worth per share with growth of 11.83 percent is at Rs 290.05 and the P/E ratio at 25.38 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
692,120 |
692,120 |
- |
| Reserve and Surplus |
1,315,367 |
1,102,930 |
19.26 |
| Borrowings |
4,994,763 |
4,675,930 |
6.82 |
| Loans and Advances |
5,757,357 |
4,743,282 |
21.38 |
| Net Interest Income |
340,500 |
274,219 |
24.17 |
| Provision |
10,141 |
6,885 |
47.30 |
| Write Back |
- |
- |
#DIV/0! |
| Operating Profit |
332,179 |
266,755 |
24.53 |
| Net Profit |
211,383 |
172,950 |
22.22 |
| Capital Adequacy Ratio (%) |
26.95 |
27.45 |
(1.82) |
| NPL (%) |
- |
- |
#DIV/0! |
| Cost of Fund (%) |
4.67 |
2.80 |
66.79 |
| EPS (Annualized) |
30.54 |
24.99 |
22.22 |
| Networth Per Share |
290.05 |
259.36 |
11.83 |
| P/E Ratio |
25.38 |
- |
|
