Nirdhan Utthan posted satisfactory growth in Q2 report; achieves 23.68% rise in net profit
Sun, Feb 3, 2019 9:33 AM on Financial Analysis, Latest, Stock Market,
Nirdhan Utthan Bikas Bank Limited (NUBL) has published unaudited financial report for the second quarter of fiscal year 2075/75 today. It has stated that net profit has increased to Rs 33.32 crore in second quarter from Rs 26.94 crore reported in the corresponding quarter of the previous fiscal year 2074/75.
The microfinance has borrowings of Rs 6.98 arba. Likewise, it extended loans of Rs 17.09 arba from Rs 13.54 arba. It has collected deposits of Rs 9.68 arba in the second quarter of the current fiscal year.
NUBL’s net interest income rises from Rs 61.84 crore in the corresponding quarter last year to Rs 76.92 crore in the second quarter of fiscal year 2075/76. Its operating profit has increased to Rs 51.76 crore in Q2, from Rs 37.04 crore in corresponding quarter. The microfinance’s non-performing loan (NPL) has increased to 1.09 percent in the current quarter.
It has paid up capital of Rs 1.2 arba with reserve of Rs 1.14 arba in Q2.
It's annualized earning per share (EPS) stands at Rs 55.54. Currently, Net worth per share stands at Rs 195.77 and P/E ratio at 13.77 times.
Major Highlights:
|
Particulars (In Rs '000) |
Nirdhan Utthan Laghubitta |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
1,200,000 |
1,000,000 |
20.00% |
|
Reserve & Surplus |
1,149,226 |
921,831 |
24.67% |
|
Deposits |
9,687,424 |
7,327,503 |
32.21% |
|
Borrowings |
6,981,352 |
6,730,782 |
3.72% |
|
Loans & Advances |
17,091,769 |
13,547,066 |
26.17% |
|
Net Interest Income |
769,236 |
618,487 |
24.37% |
|
Provision for possible losses |
63,264 |
30,562 |
107.00% |
|
Operating Profit |
517,637 |
370,413 |
39.75% |
|
Net Profit |
333,227 |
269,433 |
23.68% |
|
Capital Adequacy (%) |
11.42 |
11.83 |
-3.47% |
|
NPL (%) |
1.09 |
0.65 |
67.69% |
|
Annualized EPS (In Rs.) |
55.54 |
53.89 |
3.06% |
|
Net Worth per Share (In Rs.) |
195.77 |
192.18 |
1.87% |
|
PE Ratio |
13.77 |
- |
- |
