Nirdhan Utthan Laghubitta reported net profit of Rs.52.75 crore in Q3

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Nirdhan Utthan Bikas Bank

Nirdhan Utthan Laghubitta Bittiya Sanstha has published third quarter report of FY 2075/76. Net profit surged by 32.18% in comparing period.

As per the published report, it has reported surge in net profit to Rs.52.75 crore in this Q3 of Fiscal year 2075/76 from Rs.39.91 crore in the same period of fiscal year 2074/75.

It has borrowed Rs. 7.26 arba and deposit of Rs.10.27 arba in Q3. It had floated loan & advances of Rs.18.55 arba in the third quarter. Deposit collection increased by 30.27% and loan disbursement increased by 25.51%.




Its net interest income increased to Rs.1.15 arba in Q3 from Rs.94.65 crore in the last corresponding quarter of FY 2074/75.

Operating profit increase to Rs.81.65 crore from of Rs.57.13 crore in the last year. Operating profit increased by 42.91%.

Its paid up capital is Rs.1.20 arba with reserves of Rs.1.38 arba. Paid up capital increased by 20% & reserve rose by 28.21% in the comparing period.

Its non performing loan stands at 1.13% from 0.83% which is not so good. Cost of fund 8.67%.

Annualized earning per share (EPS) stands at Rs 58.62, Net worth per share at Rs.215.64 and PE ratio at 13 times.