Nirdhan Utthan profit surges by 29.99% in Q3; NPL increases to 1.33% from 0.28%

Nirdhan Utthan Bank Limited (NUBL) has posted net profit increase by 29.99 % in the third quarter of the current fiscal year 2072/73. As per the quarterly report published today, the microfinance has earned net profit of Rs 25.11crore in the third quarter of the fiscal year 2072/73 up from Rs 19.32 crore in the corresponding quarter of the previous fiscal year 2071/72. The microfinance net interest income surged to Rs 76.90 crore in the Q3, from Rs 55.93 crore in the corresponding quarter of the previous fiscal year. The paid up capital of the bank remains at Rs 50 crore with Rs 52.77 crore in reserve. It has collected deposits of Rs 3.74 arba in the Q3 as against Rs 2.37 arba in the corresponding quarter of FY 2071/72. Likewise, it extended loans of Rs 9.06 arba up from Rs 6.15 arba. It’s Earning per Share (EPS) stood at Rs 66.98 and net worth per share stands at Rs 205.55. NUBL’s non-performing loan has increased to 1.33% from 0.28 % in Q3.