NRN Laghubitta reports huge increase in major indicators; Company to target paid-up capital to Rs. 52 crores by issuing FPO and Bonus
Fri, Nov 20, 2020 9:38 AM on Latest, Company Analysis,
NRN Laghubitta Bittiya Sanstha (NLBSL) has published its first-quarter report of FY 2077/2078 with a positive profit compared to the corresponding quarter of the previous year. The company reported net profit of Rs. 1.85 crores in this quarter.
The borrowings of the company increased by 171.48% to Rs. 3.63 Arba which was Rs. 1.34 Arba in the corresponding quarter of the previous year. The company’s loans and advances increased by 172.42% to Rs. 4.51 Arba in this quarter.
As per the management, the company has targeted the paid-up capital of Rs. 52 crores by issuing FPO and declaring bonus shares. The company has already established its branches in all the provinces. The management has also targeted to open its branches in all the districts.
The net interest income (core revenue) has increased by 321.37% to Rs. 7.19 crores compared to Rs. 1.70 crores in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 39.28 crores in this quarter and its reserve and surplus stood at Rs. 8.97 crores.
Its annualized earnings per share (EPS) stands at Rs. 18.88. The net worth per share stood at Rs. 122.84. The company traded at a P/B multiple of 8.11 times.
Financial Highlights:
|
Particulars |
NRN Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q1, 2077/2078 |
Q1, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
392,808.78 |
209,200.00 |
87.77% |
|
Reserve & Surplus |
89,726.69 |
2,590.03 |
3364.31% |
|
Borrowings |
3,638,297.38 |
1,340,190.80 |
171.48% |
|
Deposits |
967,508.48 |
251,281.77 |
285.03% |
|
Loans and Advances |
4,519,753.65 |
1,659,108.32 |
172.42% |
|
Net Interest Income |
71,903.56 |
17,064.13 |
321.37% |
|
Provision for possible losses |
15,292.92 |
5,120.04 |
- |
|
Operating Profit |
11,259.51 |
-5,896.99 |
- |
|
Net Profit |
18,535.85 |
-1,393.72 |
- |
|
Capital Adequacy Ratio (%) |
10.04% |
12.49% |
- |
|
NPL (%) |
3.23% |
1.69% |
- |
|
Cost of Fund (%) |
5.72% |
11.84% |
- |
|
Annualized EPS (In Rs.) |
18.88 |
-2.66 |
-808.30% |
|
Net Worth per share (In Rs.) |
122.84 |
101.24 |
21.34% |
|
P/B Ratio |
8.11 |
- |
- |
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