Nirdhan Utthan profit surges by 15% in Q2; NPL increase by 3.5 times to 2.01%
Mon, Feb 1, 2016 10:40 AM on Latest, Financial Analysis, Featured,
Nirdan Utthan Bank Limited (NUBL) net profit rises by merely 15 % in the second quarter (Q2) of the current fiscal year 2072/73.
As per the quarterly report published today, the microfinance has earned net profit of Rs 14.13 crore in the second quarter of the fiscal year 2072/73 up from Rs 12.28 crore in the corresponding period of the previous fiscal year 2071/72.
The microfinance net interest income surged to Rs 48.95 crore in the Q2, from Rs 36.45 crore in the corresponding quarter of the previous fiscal year. It has collected deposits of Rs 3.42 arba in the Q2 of FY 2072/73 as against Rs 2.18 arba in the corresponding quarter of FY 2071/72. Likewise, it extended loans of Rs 7.87 arba up from Rs 5.48 arba. The paid up capital of the bank remains at Rs 50 crore. Its Earning per Share (EPS) stood at Rs 56.52 and net worth per share stands at Rs 183.36. Nirdhan Uthhan non-performing loan has increased to 2.01% from 0.56% in the corresponding period of the FY 2071/72 to 2.01% in Q2 of FY 2072/73.
