Nerude Laghubitta Posts Net Profit Of Rs. 1.70 Crores | Total Loans Surpasses Rs. 10 Arba [Q1 Report]

November 13, 2022 | Investopaper

Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) has reported a 64 percent decline in net profit in the first quarter of the current fiscal year 2079/80 as compared to the same period last year. The microfinance earned a net profit of Rs. 1.7 crores, down from Rs. 4.75 crores of the corresponding period of the previous fiscal year.

The decline in profit is due to the fall in the net interest income. The microfinance earned Rs. 10.91 crores as the net interest income in the three months period, which is 36 percent lower than the same period of the previous year.

As of Ashwin’s end 2079 BS, NLBBL has a paid-up capital of Rs 60 crores. At this capital, the earnings per share (EPS) is Rs. 11.37 while the per-share networth is Rs. 236.46.

The national level microfinance has floated total loans and advances of Rs. 10.22 Arba. This is 19 percent higher than the same period of the previous year. Such loans stood at Rs. 8.59 Arba until the end of the Ashwin, 2078 BS.


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See the financial highlights of Nerude Laghubitta in the table below:

Nerude Laghubitta (NLBBL): Q1 Report Summary, FY 2079/80

Financial Indicators Q1, F.Y. 2079/80 Q1, F.Y. 2078/79 Percent Change
Paid-up capital (Rs. ‘crores’) 60 49.38 21.51
Reserve and Surplus (Rs. ‘crores’) 81.87 71.05 15.23
Borrowings (Rs. ‘Arba’) 5.24 4.35 20.46
Deposits (Rs. ‘Arba’) 3.28 2.75 19.27
Loans & Advances (Rs. ‘Arba’) 10.22 8.59 18.98
Net Interest Income (Rs. ‘crores’) 10.91 17.19 -36.53
Operating Profit (Rs. ‘crores’) -1.69 2.32 -172.84
Net Profit (Rs. ‘crores’) 1.7 4.75 -64.21
Non Performing Loans, NPL (%) 4.93 4.68 5.34
Cost Of Funds (%) 10.43 7.11 46.69
Earnings Per Share, EPS (Rs.) 11.37
Networth Per Share ( Rs.) 236.46
Market Price Per Share (Rs.) [Ashwin end, 2079 BS] 844.00
P/E Ratio 74.23

Source: Unaudited Q1 Report, FY 2079/80


Note:

The above figures are based on the unaudited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.

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