NMB Laghubitta reports massive increment in major profitability indicators in Q3

Mon, May 3, 2021 7:51 AM on Latest, Financial Analysis,

NMB Laghubitta Bittiya Sanstha Limited (NMBMF) published the third-quarter report of FY 2077/2078 with an increment of 175.37% in Net Profit. As per the report published by the company, the net profit increased to Rs. 12.65 crores as compared to Rs. 4.59 crores in the corresponding quarter of the previous year.

The borrowings of the company increased by 23.81% to Rs. 2.83 Arba which was Rs. 2.28 Arba in the corresponding quarter of the previous year. The company’s loans and advances have also increased by 47.89% to Rs. 5.25 Arba in this quarter.

The net interest income (core revenue) has increased by 92.22% to Rs. 33.99 crores compared to Rs. 17.68 crores in the corresponding quarter of the previous year.

The paid-up capital of the company increased to Rs. 53.98 crores in this quarter and its reserve and surplus stood at Rs. 29.33 crores.

Its annualized earnings per share (EPS) stands at Rs. 31.27. The net worth per share is Rs. 154.34. The company traded at a P/E multiple of 49.57 times.

Click here for the Q3 report

Major Highlights:

Particulars

NMB Laghubitta Bittiya Sanstha Limited

Q3, 2077/2078

Q3, 2076/2077

Difference

Paid-Up Capital

539,805.00

405,016.00

33.28%

Reserve & Surplus

293,337.00

244,836.00

19.81%

Borrowings

2,830,319.00

2,286,095.00

23.81%

Deposits

1,788,451.00

1,402,609.00

27.51%

Loans & Advances

5,250,949.00

3,550,463.00

47.89%

Net Interest Income

339,917.00

176,837.00

92.22%

Provision for possible Losses

60,495.00

69,719.00

-

Write Back of Provision

0.00

56,977.00

-

Net Profit

126,597.00

45,974.00

175.37%

Capital Adequacy (%)

15.93%

16.87%

-

NPL (%)

3.47%

3.46%

-

Cost of fund (%)

6.22%

9.77%

-

EPS (Rs.)

31.27

15.13

-

Net worth per share (Rs.)

154.34

160.45

-

Qtr end PE ratio (Times)

49.57

-

-

Qtr End Market Price

1550

-

-