Nirdhan Utthan, Chhimek Laghubitta profit rises by healthy margin, Sahayogi profit decline in Q1

ShareSansar, November 11:

Publishing the unaudited financial quarterly report today, Nirdhan Utthan Bank Limited stated that it’s earned Rs 6.44 crore in Q1, up from Rs 3.46 crore in the corresponding, which is an increment of 86 percent than previous year first quarter.

Net interest income of the bank increased to Rs 18.02 crore, up from Rs 12.04 crore in the previous year.  

The bank collected Rs 1.98 arba in deposits,borrowed Rs. 3.48 arba and extended a total loans and advances of Rs 5.07 arba during the given period. The bank provisioned Rs 18.28 lakh for the possible losses.

There is a decrease in the Non-performing loan (NPL) of the bank. It comes down to 0.53 percent from 0.85 percent in the previous year.  

Banks annualized EPS is at Rs 76.72, while its P/E ratio stands at 21.69 times and its net worth per share at Rs 181.71.

Similarly, Chhimek Laghubitta Bikas Bank Limited earns net profit of Rs 3.80 crore in the first quarter of the FY 2071/72; whereas bank’s earns Rs 1.65 crore in same period of previous fiscal year.

Its Net Interest Income stands at Rs 13.87 crore compared to Rs 8.27 crore of last fiscal year which signal that there is an excellent growth in the business of the bank.

The bank managed to write back Rs 2.36 lakh from the amount earlier provisioned for the possible losses. It also provisioned Rs 84.12 lakh for the possible loss during the given period.

Similarly, Sahayogi Vikas Bank Limited earns Rs 33.75 lakh in the first quarter of the FY 2071/72 which is the decline of 32.66 percent.

Its net interest income stands at Rs.2.38 crore and banks provisioned Rs 1.56 crore for possible losses.