Nirdhan Utthan Bank Limited (NUBL) has reported shrinks in net profit by 20.09% for the first quarter of the current fiscal year 2074/75.
Publishing the unaudited financial report for the first quarter today, the microfinance company’s net profit shrinks to Rs 12.55 crore from Rs 15.70 crore reported in the corresponding quarter of the previous fiscal year 2073/74.
The microfinance has borrowings of Rs 6.74 arba in the first quarter compared to Rs 5.93 arba in the corresponding quarter last year. Likewise, it extended loans of Rs 12.72 arba, up from Rs 10.83 crore. It has collected deposits of Rs 6.67 arba.
It has a paid up capital of Rs 60 crore with reserve of Rs 1.52 arba in Q1. It had announced 66.67% bonus shares to its shareholders from the net profit it had earned in the FY 2073/74. After bonus, its paid up will reach to Rs 1 arba.
The microfinance non-performing loan (NPL) has rise to 0.42% from 0.3% in the corresponding quarter.
Its annualized Earning per Share (EPS) now stands at Rs 83.68, net worth per share at Rs 354.14 and P/E ratio at 28.68 times.
Major Highlights:
| Particulars (In Rs '000) |
Nirdhan Utthan Bank (NUBL) |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
600,000 |
600,000 |
0.00% |
| Reserve & Surplus |
1,524,856 |
655,165 |
132.74% |
| Deposits |
6,675,232 |
4,664,431 |
43.11% |
| Borrowings |
6,742,166 |
5,939,679 |
13.51% |
| Loans & Advances |
12,726,351 |
10,831,787 |
17.49% |
| Net Interest Income |
312,949 |
359,753 |
-13.01% |
| Provision for possible losses |
13,025 |
6,879 |
89.34% |
| Operating Profit |
192,858 |
245,851 |
-21.55% |
| Net Profit |
125,516 |
157,080 |
-20.09% |
| NPL (%) |
0.42 |
0.3 |
40.00% |
| Annualized EPS (In Rs.) |
83.68 |
104.72 |
-20.09% |
| Net Worth per Share (In Rs.) |
354.14 |
209.19 |
69.29% |
| P/E Ratio (In times) |
28.68 |
- |
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