Nirdhan Utthan Laguhubitta's Net Profit Rises by 12.29% to Rs 80.2 crore in Q3; EPS at Rs. 48.76
Thu, May 12, 2022 1:24 PM on Latest, Financial Analysis, Stock Market,
Nirdhan Utthan Laghubitta Bittiya Sanstha Limited (NUBL) published the third-quarter report of FY 2078/2079 with an increment in Net Profit by 12.29%. As per the report published by the company, the net profit increased to Rs. 80.2 crore as compared to Rs. 71.4 crore in the corresponding quarter of the previous year.
The borrowings of the company increased by 3.16% to Rs. 6.53 Arba which was Rs. 6.33 Arba in the corresponding quarter of the previous year. The deposits of the company increased by 11.15% to Rs 17.58 arba. The company’s loans and advances have also increased by 15.75% to 27.47 Arba in this quarter.
The net interest income (core revenue) has decreased by 1.84% to Rs. 1.56 arba compared to Rs. 1.59 arba in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 2.19 Arba in this quarter and its reserve and surplus stood at Rs. 2.41 arba which is an increase of 12% in this quarter.
The company non-performing loans stands at 3.33% till this quarter.
Its annualized earnings per share (EPS) stands at Rs. 48.76. The net worth per share is Rs. 210.04. The company traded at a P/E multiple of 22.66 times.
Major financial highlights
| Particulars (In Rs '000) | Nirdhan Utthan Laghubitta Bittiya Sanstha Limited | ||
|---|---|---|---|
| Q3 2078/79 | Q3 2077/78 | Difference | |
| Share Capital | 2,195,025.00 | 1,695,000.00 | 29.50% |
| Reserves and Surplus | 2,415,034.38 | 2,156,297.31 | 12.00% |
| Share Premium | 510.11 | 510.11 | |
| Borrowings | 6,530,453.50 | 6,330,533.33 | 3.16% |
| Deposits | 17,583,568.83 | 15,819,201.07 | 11.15% |
| Loans & Advances | 27,475,346.77 | 23,737,179.09 | 15.75% |
| Net Interest Income | 1,569,792.97 | 1,599,267.54 | -1.84% |
| Total Operating Income | 1,966,502.82 | 2,012,778.55 | -2.30% |
| Impairment charge/(reversal) | -58,897.26 | 272,508.72 | - |
| Operating Profit | 1,146,386.60 | 1,021,233.27 | 12.26% |
| Net Profit | 802,697.65 | 714,863.29 | 12.29% |
| Capital Adequacy (%) | 13.82 | 12.46 | 10.91% |
| NPL (%) | 3.33 | 5.89 | - |
| Cost of Fund (%) | 7.58 | 7.22 | 4.99% |
| EPS (In Rs.) | 48.76 | 56.23 | -13.28% |
| Net Worth per Share (In Rs.) | 210.04 | 254.78 | -17.56% |
| Qtr end PE Ratio (times) | 22.66 | - | - |
| Qtr End Market Price | 1105 | - | - |
