Nirdhan Utthan Laghubitta Posts Profit of Rs. 17.58 Crores | Net Profit Surges by 300 Percent [Q3 Report]
May 8, 2024 | Investopaper
Nirdhan Utthan Laghubitta Bittiya Sanstha Limited (NUBL) has reported a 300 percent increase 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 profit of Rs 17.58 crores until the third quarter of the current fiscal year 2080/81. Such profit stood at Rs 4.40 crores during the same period last year.
As of Chaitra end 2080 BS, NUBL has a paid-up capital of Rs 261.2 crores with Rs 224.89 crores in reserve and surplus. The company has floated loans and advances of Rs 24.35 Arba until this period.
The Annualized Earnings Per Share (EPS) and per share networth stand at Rs 8.98 and Rs 186 respectively.
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The third quarter report is also summarized in the table below:
Nirdhan Utthan Laghubitta (NUBL): Third Quarter Report Summary, F.Y. 2080/81
| Financial Indicators | Q3, 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’) | 224.89 | 207.96 | 8.14 |
| Deposits From Customers (Rs. ‘Arba’) | 19.77 | 19.11 | 3.45 |
| Borrowings (Rs. ‘Arba’) | 3.89 | 3.94 | -1.27 |
| Loans & Advances (Rs. ‘Arba’) | 24.35 | 24.31 | 0.16 |
| Financial Indicators | Q3, F.Y. 2080/81 | Q2, F.Y. 2079/80 | Percent Change |
| Net Interest Income (Rs. ‘crores’) | 136.37 | 140.97 | -3.26 |
| Operating Profit (Rs. ‘crores’) | 43.2 | 6.45 | 569.77 |
| Net Profit (Rs. ‘crores’) | 17.58 | 4.4 | 299.55 |
| Distributable Profit (Rs. ‘crores’) | -22.03 | ||
| Non Performing Loans, NPL (%) | 10.77 | 12.09 | -10.92 |
| Base Rate (%) | 12.94 | 13.35 | -3.07 |
| Earnings Per Share, EPS (Rs.) | 8.98 | ||
| Networth Per Share ( Rs.) | 186 | ||
| Market Price Per Share (Rs.) [Chaitra’s end, 2080 BS] | 655 | ||
| P/E Ratio | 72.94 |
Source: Unaudited Q3 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.
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