Nirdhan Utthan Bank Limited (NUBL) has registered 10.59% decrease in net profit in the second quarter of the current fiscal year 2074/75. Its net profit has decreased to Rs 26.94 crore in second quarter from Rs 30.13 crore in the corresponding quarter of the fiscal year 2073/74.
According to the unaudited financial report published by the development bank today, its interest income has also fallen to Rs 61.84 crore in Q2 as compared to Rs 73.14 crore in the corresponding quarter.
It’s paid up capital remains at Rs 1 arba with Rs 92.18 crore in its reserve.
Deposits collection reached Rs 7.32 arba in Q2 and floated loans of Rs 13.54 arba.
Its non-performing loan has shown massive increase of 150%, up from 0.26 percent in Q2 of previous year to 0.65 percent in Q2 of current year.
Its annualized earning per share (EPS) stand at Rs 53.89, Net worth per share at Rs 192.18 and P/E ratio at 23.48 times.
Major Highlights:
| Particulars (In Rs '000) |
NUBL |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
1,000,000 |
600,000 |
66.67% |
| Reserve & Surplus |
921,831 |
938,056 |
-1.73% |
| Deposits |
7,327,503 |
5,227,726 |
40.17% |
| Borrowings |
6,730,782 |
6,705,939 |
0.37% |
| Loans & Advances |
1,768,569 |
1,532,475 |
15.41% |
| Net Interest Income |
618,487 |
731,461 |
-15.44% |
| Provision for possible losses |
30,562 |
14,199 |
115.24% |
| Operating Profit |
370,413 |
469,557 |
-21.11% |
| Net Profit |
269,433 |
301,330 |
-10.59% |
| NPL (%) |
0.65 |
0.26 |
150.00% |
| Annualized EPS (In Rs.) |
53.89 |
100.44 |
-46.35% |
| Net Worth per Share (In Rs.) |
192.18 |
256.34 |
-25.03% |
| P/E Ratio (In times) |
23.48 |
- |
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Q2 Report
