NIC Asia Laghubitta reports a 78.56% rise in net profit in Q4; Company recently issued IPO to general public
Fri, Aug 14, 2020 7:55 AM on Latest, Company Analysis,
NIC Asia Laghubitta Bittiya Sanstha (NICLBSL) has published its fourth quarterly report of FY 2076/2077 with an increase in Net Profit by 78.56%.
As per the unaudited financial report for the fourth quarter, the company has stated that its net profit increased to Rs 19.69 crores as compared to Rs 11.03 crores in the corresponding quarter of the previous year.
The borrowing of the company has increased by 82.48% to Rs 5.84 arba while deposits have increased by 67.13% to Rs 95.55 crore in the current quarter. Similarly, the company has floated loans of Rs 6.95 arba in the fourth quarter of fiscal year 2076/2077.
The net interest income of the company has increased by 54.23% compared to the corresponding quarter of the previous year and stood at Rs. 47.80 crores in Q4, 2076/2077.
NICLBSL’s paid-up capital stands at Rs. 1.48 arba with a reserve and surplus of Rs. 30.16 crores in the fourth quarter of fiscal year 2076/2077.
Its earnings per share (EPS) stands at Rs 13.31 and net worth per share stands at Rs. 120.38. The company’s Non-performing loan is at 0.99%. The company traded at a PE multiple of 39.97 times during the report preparation.
NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) recently issue IPO worth Rs 47.55 crore to the general public and its shares are already listed in NEPSE for trading.
Major Highlights:
|
Particulars (In Rs '000) |
NIC Asia Laghubitta |
||
|---|---|---|---|
|
Q4 2076/77 |
Q4 2075/76 |
Difference |
|
|
Paid Up Capital |
1,480,000.00 |
1,004,500.00 |
47.34% |
|
Reserve & Surplus |
301,690.00 |
104,725.00 |
188.08% |
|
Deposits |
955,588.00 |
571,753.00 |
67.13% |
|
Borrowings |
5,841,578.00 |
3,201,251.00 |
82.48% |
|
Loans & Advances |
6,953,902.00 |
4,472,718.00 |
55.47% |
|
Net Interest Income |
478,056.00 |
309,953.00 |
54.23% |
|
Staff Expenses |
102,173.00 |
50,922.00 |
100.65% |
|
Provision for possible losses |
59,212.00 |
22,910.00 |
- |
|
Write Back of Provision for Possible Losses |
7,694.00 |
0.00 |
|
|
Operating Profit |
304,952.00 |
172,177.00 |
77.12% |
|
Net Profit |
196,964.00 |
110,309.00 |
78.56% |
|
Capital Adequacy (%) |
23.84 |
23.80 |
0.17% |
|
NPL (%) |
0.99 |
0.00 |
|
|
Cost of Fund (%) |
9.41 |
10.94 |
-13.99% |
|
EPS (In Rs.) |
13.31 |
10.98 |
21.19% |
|
Net Worth per Share (In Rs.) |
120.38 |
110.43 |
9.02% |
|
PE Ratio (times) |
39.97 |
- |
- |
|
Qtr End Price |
532.00 |
- |
- |
|
PB Ratio (times) |
4.4 |
- |
- |
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