Nirdhan Utthan Laghubitta Posts Net Profit Of Rs. 16.85 Crores [Q2 Report]

February 9, 2023 | Investopaper

Nirdhan Utthan Laghubitta Bittiya Sanstha Limited (NUBL) has reported a 65 percent drop in net profit in the first six months of the current fiscal year 2078/79 as compared to the corresponding period of the previous fiscal year. As per the unaudited report, the company has posted a net profit of Rs 16.85 crores, down from Rs 49.39 crores during the same period last year.

The fall in profit is mainly due to the rise in impairment charges that amount to Rs. 41.12 crores. Likewise, the net interest income of the microfinance has declined by almost 9 percent to Rs. 96.68 crores.

As of Ashwin’s end 2079 BS, NUBL has a paid-up capital of Rs 219.50 crores with Rs 260.78 crores in reserve and surplus. The company has floated loans and advances of Rs 26.06 Arba until this period.

The Annualized Earnings Per Share (EPS) and per share networth stand at Rs 15.36 and Rs 218.83 respectively.


Dividend History Of Nirdhan Utthan Laghubitta (NUBL)

Nirdhan Utthan Laghubitta’s Performance In FY 2078/79

The quarterly report is also summarized in the table below:

Nirdhan Utthan Laghubitta (NUBL): Q2 Report Summary, F.Y. 2079/80

Financial Indicators Q2, F.Y. 2079/80 Q4, F.Y. 2078/79 Percent Change
Paid-up capital (Rs. ‘crores’) 219.5 219.5 0.00
Reserve and Surplus (Rs. ‘crores’) 260.78 243.25 7.21
Borrowings (Rs. ‘Arba’) 5.69 6.28 -9.39
Deposits (Rs. ‘Arba’) 18.94 18.18 4.18
Loans & Advances (Rs. ‘Arba’) 26.06 27.16 -4.05


Financial Indicators Q2, F.Y. 2079/80 Q2, F.Y. 2078/79 Percent Change
Net Interest Income (Rs. ‘crores’) 96.68 106.35 -9.09
Operating Profit (Rs. ‘crores’) 23.93 70.24 -65.93
Net Profit (Rs. ‘crores’) 16.85 49.39 -65.88
Distributable Profit (Rs. ‘crores’) 13.14
Non Performing Loans, NPL (%) 8.38 15.15 -44.69
Base Rate (%) 13.08 9.73 34.43
Earnings Per Share, EPS (Rs.) 15.36
Networth Per Share ( Rs.) 218.83
Market Price Per Share (Rs.) [Poush end, 2079 BS] 1018.1
P/E Ratio 66.28

Source: Unaudited Q2 Report, FY 2079/80


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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