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Nirdhan Utthan reports decline in profit to Rs 55.92 crore; EPS and Net worth stands at Rs 55.92 and Rs 225.10

Thu, Aug 16, 2018 1:02 PM on Financial Analysis, Latest, Stock Market,
-ShareSansar

Nirdhan Utthan Bikas Bank Limited (NUBL) has published unaudited financial report for the fourth quarter today. It has stated that net profit has considerably reduced to Rs 55.92 crore in fourth quarter of fiscal year 2074/75 from Rs 58.34 crore reported in the corresponding quarter of the previous fiscal year 2073/74.

The microfinance has borrowings of Rs 6.64 arba.  Likewise, it extended loans of Rs 15.45 arba from Rs 12.32 arba. It has collected deposits of Rs 8.57 arba in the fourth quarter of the current fiscal year.

NUBL’s net interest income has sizably declined from Rs 1.41 arba in the corresponding quarter last year to Rs 1.30 arba in the fourth quarter of fiscal year 2074/75. Its operating profit has reduced to Rs 80.96 crore in Q4, from Rs 89.85 crore in corresponding quarter. The microfinance’s non-performing loan (NPL) has increased to 0.92 percent in the current quarter.

It has paid up capital of Rs 1 arba with reserve of Rs 1.25 arba in Q4.

It's earning per share (EPS) stands at Rs 55.92. Currently, Net worth per share stands at Rs 225.10 and P/E ratio at 18.31 times.

Major Highlights:

Particulars (In Rs '000)

NUBL

Q4 2074/75

Q4 2073/74

Difference

Paid Up Capital

1,000,000

600,000

66.67%

Reserve & Surplus

1,250,965

1,223,712

2.23%

Deposits

8,570,242

6,230,408

37.56%

Borrowings

6,640,215

6,837,941

-2.89%

Loans & Advances

15,451,997

12,328,428

25.34%

Net Interest Income

1,304,665

1,419,271

-8.07%

Provision for possible losses

85,060

24,160

252.07%

Operating Profit

809,674

898,537

-9.89%

Net Profit

559,238

583,410

-4.14%

NPL

0.92

0.31

196.77%

Annualized EPS (In Rs.)

55.92

97.24

-42.49%

Net Worth per Share (In Rs.)

225.10

303.95

-25.94%

P/E Ratio (In times)

18.31

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