Nerude laghubitta Bittiya Sanstha has published first quarter report of FY 2075/76. It has reported surge in net profit by 140.79% in Q1.
As per the published report, the microfinance has reported increased in net profit to Rs.99.23 lakh in this Q1 of Fiscal year 2075/76 from Rs.41.21 lakh in the same period of last fiscal year 2074/75.
It has borrowing of Rs.1.96 arba & deposit of Rs.1.59 arba and floated in loan & advances of Rs.4.17 arba. Deposit collection grown by 32.42% and Loan disbursement increased by 29.18% in comparing period.
Its net interest income increased to Rs.8.81 crore in Q1 from Rs.7.45 crore in the last corresponding quarter. Operating profit increased to Rs. 1.55 crore from Rs.64.76 lakh in the last year. Operating profit grown by 140.78% in the comparing period.
Its paid up capital is Rs.34.57 crore with reserves of Rs.26.87 crore.
Its non performing loan stands at 1.70% from 1.06% in last year and cost of fund at 10.36%.
Annualized earning per share is Rs.11.48. Net worth per share is Rs.17774. PE ratio stands at 49.83 times.
