November 16, 2021 | Investopaper
Nirdhan Utthan Laghubitta Bittiya Sanstha Limited (NUBL) has reported the increment in profit in the first quarter of the fiscal year 2078/79. The microfinance earned a profit of Rs. 20.19 crores in the three months period. The company had posted a loss of Rs 27.92 crores in the corresponding quarter of the previous year.
The growth in profit is mainly due to the rise in net interest income and writeback of provision. The net interest income has increased by 17 percent to Rs. 51.44 crores. Likewise, the company generated Rs 13.16 crores as writeback of provision for possible losses.
The loans and advances have expanded by 23 percent. Despite the rise in loans, the NPL has fallen to 3.59 percent.
The total reserve of NUBL has grown to Rs. 3.61 Arba, an increment of 58 percent. As of Ashwin’s end 2078 BS, Nirdhan Utthan Laghubitta has a paid-up capital of Rs 1.69 Arba. At this capital, the annualized earnings per share stand at Rs. 47.65 with networth per share at Rs. 313.01.
The first-quarterly report of Nirdhan Utthan Laghubitta is summarized in the table below:
Nirdhan Utthan Laghubitta (NUBL): Financial Highlights of First Quarter, FY 2078/79
|Financial Indicators||Q1, F.Y. 2078/79||Q1, F.Y. 2077/78||Percent Change|
|Paid-up capital (Rs. ‘crores’)||169.5||150||13|
|Reserve and Surplus (Rs. ‘crores’)||361.05||227.42||58.76|
|Borrowings (Rs. ‘Arba’)||5.95||6.05||-1.65|
|Deposits (Rs. ‘Arba’)||16.45||14||17.50|
|Loans & Advances (Rs. ‘Arba’)||25.28||20.43||23.74|
|Net Interest Income (Rs. ‘crores’)||51.44||43.82||17.39|
|Operating Profit (Rs. ‘crores’)||18.68||-27.92||–|
|Net Profit (Rs. ‘crores’)||20.19||-27.92||–|
|Non Performing Loans, NPL (%)||3.59||12.89||-72.15|
|Cost of Funds (%)||7.29||6.62||10.12|
|Earnings Per Share, EPS (Rs.)||47.65|
|Networth Per Share ( Rs.)||313.01|
|Market Price Per Share (Rs.) [Ashwin end, 2078 BS]||1,495.00|
Source: Unaudited Q1 Report, FY 2078/79
The above figures are based on the un-audited 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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