Nirdhan Utthan EPS rises to Rs 82.84 in Q4; Summit profit shoots up by 98.92%
Sun, Aug 9, 2015 12:00 AM on Others,
ShareSansar, August 9:
Nirdan Utthan Bank Limited (NUBL) net profit rise by 34.23 % in the fourth quarter (Q4) of the last fiscal year 2071/72.
As per the quarterly report published today, the microfinance has earned net profit of Rs27.83 crore in the fourth quarter of the fiscal year 2071/72 up from Rs 20.73 crore in the corresponding period of the previous fiscal year 2070/71.
The microfinance net interest income surged to Rs 78.77 crore in the Q4, from Rs54.84 crore in the corresponding quarter of the previous fiscal year.
It has collected deposits of Rs 2.76 arba in the Q4 of FY 2071/72 as against Rs 1.86 arba in the corresponding quarter of FY 2070/71. Likewise, it extended loans of Rs 6. 83 arba up from Rs 4.82arba.
The paid up capital of the bank remains at Rs 33.60crore. Its Earning per Share (EPS) stood at Rs82.84 and net worth per share stands at Rs 249.37.
Nirdhan Uthhan non-performing loan has dropped from 0.58 % in the corresponding period of the FY 2070/71 to 0.22% in Q4 of FY 2071/72.
Likewise, Summit Microfinance Development Bank Limited (SMFDB) has reported a profit rise of 98.92 percent in the fourth quarter of the last fiscal year 2071/72.
As per the unaudited quarterly report published today, the microfinance has stated that its net profit rose to Rs 2.78 crore in the fourth quarter, up from Rs 1.39 crore in the corresponding quarter of the previous fiscal year 2070/71.
Summit Microfinance net interest income has also risen to Rs 6.49 crore in Q4, from Rs 3.32 crore in the corresponding quarter of the previous fiscal year 2070/71.
The microfinance has collected Rs22.33 crore in deposit and extended Rs 59.37 crore in loan as compared to Rs 14.16 in deposits and Rs 33.28 crore in loan in the corresponding quarter previous year.The paid up capital of the microfinance remains at Rs 3.52 crore.
The NPL of the bank stands at 0.33 % in Q4 decline from 1.06 % in corresponding quarter of the fiscal year 2070/71. Its CD ratio stands at 265.81%.
It’s EPS stands at Rs 78.89 and net worth per share at Rs206.02.
