Nirdhan Utthan Laghubitta Reports Net Loss of Rs. 14.30 Crores | NPL Rises to 12.35 Percent [Q1 Report]
November 9, 2023 | Investopaper
Nirdhan Utthan Laghubitta Bittiya Sanstha Limited (NUBL) has reported a sharp drop in net profit as compared to the corresponding period of the previous fiscal year. As per the unaudited report, the company has posted a net loss of Rs 14.30 crores until the first quarter of the current fiscal year 2080/81. Such profit stood at Rs 3.25 crores during the same period last year.
The fall in profit is mainly due to the rise in impairment charges that amount to Rs. 38.80 crores. Likewise, the net interest income of the microfinance has declined by almost 10.5 percent to Rs. 43 crores.
As of Ashwin’s end 2080 BS, NUBL has a paid-up capital of Rs 261.2 crores with Rs 174.14 crores in reserve and surplus. The company has floated loans and advances of Rs 23.29 Arba until this period.
The Annualized Earnings Per Share (EPS) and per share networth stand at -Rs 21.9 and Rs 166.67 respectively.
Recommended:
Dividend History Of Nirdhan Utthan Laghubitta (NUBL)
The quarterly report is also summarized in the table below:
Nirdhan Utthan Laghubitta (NUBL): Q1 Report Summary, F.Y. 2080/81
| Financial Indicators | Q1, F.Y. 2080/81 | Q4, F.Y. 2079/80 | Percent Change |
| Paid up capital (Rs. ‘crores’) | 261.2 | 261.2 | 0.00 |
| Reserve and Surplus (Rs. ‘crores’) | 174.14 | 188.38 | -7.56 |
| Borrowings (Rs.’Arba’) | 3.65 | 3.94 | -7.36 |
| Deposits (Rs.’Arba’) | 19 | 19.11 | -0.58 |
| Loans & Advances (Rs.’Arba’) | 23.29 | 24.37 | -4.43 |
| Financial Indicators | Q1, F.Y. 2080/81 | Q1, F.Y. 2079/80 | Percent Change |
| Net Interest Income (Rs.’crores’) | 43 | 48 | -10.42 |
| Operating Profit (Rs.’crores’) | -14.33 | 4.65 | – |
| Net Profit (Rs.’crores’) | -14.3 | 3.25 | – |
| Non Performing Loans, NPL (%) | 12.35 | 7.14 | 72.97 |
| Base Rate (%) | 12.71 | 13.37 | -4.94 |
| Earnings Per Share, EPS (Rs.) | -21.9 | ||
| Networth Per Share ( Rs.) | 166.67 | ||
| Market Price Per Share (Rs.) [Ashwin end, 2080 BS] | 609 | ||
| P/E Ratio | -27.81 |
Source: Unaudited Q1 Report, FY 2080/81
Note:
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.
If you want to see the reports of other companies, Click Here.
