Nirdhan Utthan Laghubitta's net profit rises by 21.29% in Q2; Annualized EPS at Rs 53.89

Wed, Feb 5, 2020 10:36 AM on Financial Analysis, Latest, Stock Market,

Nirdhan Utthan Laghubitta Bittiya Sanstha Limited (NUBL) has published the unaudited financial report for the second quarter of fiscal year 2076/77 today.

It has stated that net profit has increased by 21.29% to Rs 40.41 crore in the second quarter from Rs 33.32 crore reported in the corresponding quarter of the previous fiscal year 2075/76.

The microfinance has borrowings of Rs 8.04 arba. Likewise, it extended loans of Rs 20.50 arba up from Rs 17.09 arba in the corresponding quarter. It has collected deposits of Rs 12.32 arba till the second quarter.

NUBL’s net interest income increased by 17.27% from Rs 76.92 crore to Rs 90.21 crore. Its operating profit has increased to Rs 63.98 crore till Q2, from Rs 51.76 crore in the corresponding quarter. Microfinance’s non-performing loan (NPL) has increased to 1.53 percent in the review period.

It has paid-up capital of Rs 1.5 arba with a reserve of Rs 1.51 arba till the second quarter.

It's annualized earning per share (EPS) stands at Rs 53.89. Currently, the Net worth per share stands at Rs 200.67 and P/E ratio at 16.77 times.

Second Quarter Report