Nerude Laghubitta Posts Net Profit Of Rs. 6.57 Crores [Q2 Report]
February 10, 2023 | Investopaper
Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) has reported a 58 percent decline in net profit until the second quarter of the current fiscal year 2079/80 as compared to the same period last year. The microfinance earned a net profit of Rs. 6.57 crores, down from Rs. 15.76 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. 24.42 crores as the net interest income in the six months period, which is 29 percent lower than the same period of the previous year.
As of Poush’s end 2079 BS, NLBBL has a paid-up capital of Rs 60 crores. At this capital, the earnings per share (EPS) is Rs. 21.91 while the per-share networth is Rs. 216.58.
The national level microfinance has floated total loans and advances of Rs. 10.10 Arba.
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See the financial highlights of Nerude Laghubitta in the table below:
Nerude Laghubitta (NLBBL): Q2 Report Summary, FY 2079/80
| Financial Indicators | Q2, F.Y. 2079/80 | Q4, F.Y. 2078/79 | Percent Change |
| Paid-up capital (Rs. ‘crores’) | 60 | 60 | 0.00 |
| Reserve and Surplus (Rs. ‘crores’) | 69.94 | 62.99 | 11.03 |
| Borrowings (Rs. ‘Arba’) | 5.08 | 5.2 | -2.31 |
| Deposits (Rs. ‘Arba’) | 3.41 | 3.2 | 6.56 |
| Loans & Advances (Rs. ‘Arba’) | 10.1 | 9.91 | 1.92 |
| Financial Indicators | Q2, F.Y. 2079/80 | Q2, F.Y. 2078/79 | Percent Change |
| Net Interest Income (Rs. ‘crores’) | 24.42 | 34.38 | -28.97 |
| Operating Profit (Rs. ‘crores’) | 9.31 | 21.63 | -56.96 |
| Net Profit (Rs. ‘crores’) | 6.57 | 15.76 | -58.31 |
| Distributable Profit (Rs. ‘crores’) | 4.55 | ||
| Non Performing Loans, NPL (%) | 4.89 | 4.68 | 4.49 |
| Base Rate (%) | 16.85 | 16.6 | 1.51 |
| Earnings Per Share, EPS (Rs.) | 21.91 | ||
| Networth Per Share ( Rs.) | 216.58 | ||
| Market Price Per Share (Rs.) [Poush end, 2079 BS] | 1007 | ||
| P/E Ratio | 45.96 |
Source: Unaudited Q2 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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