NIC Asia Laghubitta Sees Impressive Increment In Major Indicators Till Q1; Here's Why
Wed, Oct 27, 2021 7:42 AM on Company Analysis, Latest,
NIC Asia Laghubitta Bittiya Sanstha Limited (NILCBSL) has published an unaudited financial report for the first quarter of FY 2078/79 today. It has stated that its net profit has increased by a massive 150.51% to Rs 16.26 crores from Rs 6.49 crore reported in the corresponding quarter of the previous fiscal year 2077/78.
The company has seen massive growth in this quarter compared to the corresponding quarter of the previous year because the company merged with Swadeshi Laghubitta Bittiya Sanstha Limited in the previous year and commenced joint operation after the second quarter of FY 2077/2078. However, the company has reported growth in business volume beyond the merger since the business volume has increased to Rs. 22 Arba in this quarter from 16 Arba in Q4 of FY 2077-2078.
Likewise, it extended loans of Rs 22.03 Arba till Q1 with 186.28% growth. It has collected deposits of Rs 3.19 Arba and borrowed Rs 20.61 Arba till the first quarter. It has paid-up capital of Rs 1.73 Arba with a reserve of Rs 99.85 crores.
Its net interest income has also increased by 127.51% to Rs. 70.70 crores from Rs 31.07 crores in the corresponding quarter.
The company’s annualized earnings per share (EPS) stand at Rs 37.41 and non-performing loan (NPL) remained at 1.55%. The Net worth per share stands at Rs 157.41. The company traded at a PE multiple of 30.21 times.
Major Highlights:
|
Particulars |
NIC Asia Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q1, 2078/2079 |
Q1, 2077/2078 |
Difference |
|
|
Paid-Up Capital |
1,739,440.00 |
1,480,000.00 |
17.53% |
|
Reserve & Surplus |
998,541.00 |
375,304.00 |
166.06% |
|
Borrowings |
20,612,620.00 |
10,223,024.00 |
101.63% |
|
Deposits |
3,192,736.00 |
979,110.00 |
226.09% |
|
Loans and Advances |
22,036,403.00 |
7,697,619.00 |
186.28% |
|
Net Interest Income |
707,070.00 |
310,783.00 |
127.51% |
|
Provision for possible losses |
47,246.00 |
26,740.00 |
- |
|
Operating Profit |
258,112.00 |
103,280.00 |
149.91% |
|
Net Profit |
162,675.00 |
64,937.00 |
150.51% |
|
Capital Adequacy Ratio (%) |
12.55% |
20.60% |
- |
|
NPL (%) |
1.55% |
0.97% |
- |
|
Cost of Fund (%) |
6.57% |
6.08% |
- |
|
Annualized EPS (In Rs.) |
37.41 |
17.55 |
113.15% |
|
Net Worth per share (In Rs.) |
157.41 |
125.36 |
25.56% |
|
P/E Ratio |
30.21 |
- |
- |
