Nadep laghubitta reported surge in net profit by 13.12% to Rs.1.39 crore in first quarter

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Nadep Laghubitta Bittiya Sanstha

Nadep laghubitta Bittiya Sanstha has published first quarter report of FY 2075/76. It has posted surge in net profit by 13.12% in comparing period.

As per the published report, the microfinance has reported net profit to Rs.1.39 crore in this Q1 of Fiscal year 2075/76 from Rs.1.22 crore in the same period of last fiscal year 2074/75.

It has collected deposit of Rs.89.17 crore & borrowing of Rs.2.15 arba & floated in loan & advances of Rs.3.08 arba. Deposit increased by 28.63% & loan expansion increased by 40.13% in the comparing period.

Its net interest income increased to Rs.6.19 crore in Q1 from Rs.5.78 crore in the last corresponding quarter. Operating profit surge to Rs.2.06 crore from Rs.1.83 crore in last year. Operating profit grown by 12.83%.

Its paid up capital is Rs.16.00 crore with reserves of Rs.19.05 crore. It floating 100% right shares from 23 Mangsir 2075.

Its non performing loan stands at 3.36% from 2.07% from the last year and cost of fund is 8.67%.

Annualized earning per share (EPS) stand at Rs.34.77, net worth per share at Rs.219.07 and PE ratio stands at 44.72 times.