Nirdhan Utthan Bank reports drop of 10.74% in net profit; Net worth stands at Rs 208.23
Wed, May 2, 2018 12:16 AM on Financial Analysis, Latest, Stock Market,
Nirdhan Utthan Bikas Bank Limited (NUBL) has published unaudited financial report for the third quarter today. It has stated that net profit has considerably reduced to Rs 39.92 crore in third quarter of fiscal year 2074/75 from Rs 44.72 crore reported in the corresponding quarter of the previous fiscal year 2073/74.
The microfinance has borrowings of Rs 6.29 arba. Likewise, it extended loans of Rs 14.78 arba from Rs 12.03 arba. It has collected deposits of Rs 7.88 arba in the third quarter of the current fiscal year.
NUBL’s net interest income has sizably declined from Rs 1.07 arba in the corresponding quarter last year to Rs 94.65 crore in the third quarter of fiscal year 2074/75. Its operating profit has reduced to Rs 57.13 crore in Q3, from Rs 69.10 crore in corresponding quarter. The microfinance’s non-performing loan (NPL) has increased to 0.83 percent in the current quarter.
It has paid up capital of Rs 1 arba with reserve of Rs 1.08 arba in Q3.
It's earning per share (EPS) stands at Rs 53.22. Currently, Net worth per share stands at Rs 208.23 and P/E ratio at 19.84 times.
Major Highlights:
|
Particulars (In Rs '000) |
NUBL |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
1,000,000 |
600,000 |
66.67% |
|
Reserve & Surplus |
1,082,350 |
942,654 |
14.82% |
|
Deposits |
7,888,799 |
6,691,037 |
17.90% |
|
Borrowings |
6,299,689 |
6,646,047 |
-5.21% |
|
Loans & Advances |
14,783,074 |
12,037,034 |
22.81% |
|
Net Interest Income |
946,530 |
1,074,762 |
-11.93% |
|
Provision for possible losses |
61,415 |
19,739 |
211.14% |
|
Operating Profit |
571,367 |
691,020 |
-17.32% |
|
Net Profit |
399,161 |
447,207 |
-10.74% |
|
NPL (%) |
0.83 |
0.25 |
232.00% |
|
Annualized EPS (In Rs.) |
53.22 |
99.38 |
-46.45% |
|
Net Worth per Share (In Rs.) |
208.24 |
257.11 |
-19.01% |
|
P/E Ratio (In times) |
19.84 |
- |
- |
