Nerude Laghubitta Bittiya Sanstha posted decline in net profit by 40.41% in the fourth quarter of this fiscal year 2074/75.
As per the published report, the microfinance has reported fall in net profit to Rs.5.64 crore in this Q4 from Rs.9.46 crore in the corresponding quarter of last fiscal year 2073/74.
It has borrowing of Rs. 1.84 arba & deposit of Rs. 1.51 arba. It had extended in loan & advances of Rs. 3.95 arba. Deposit increased by 33.09% & loan expansion increased by 27.69%
Its net interest income fallen to Rs 28.85 crore from Rs.31.61 crore in the last corresponding quarter. Operating profit decreased by 40.41% to Rs.8.86 crore from Rs.14.88 crore in the comparing period.
Increasing interest rate & expanses leads to decreased operating profit & net profit.
Its paid up capital is Rs.34.57 crore with reserves fund of Rs.33.96 crore.
Its non performing loan stands at 1.60% from 0.87% from the last year. Cost of fund is Rs.10.76% & CD ratio at 260.93%.
Annualized earning per share is Rs.16.32. Net worth per share is Rs.198.22. PE ratio stands at 39.04 times.
Also read: net profit of Support microfinance fall by 52% in Q4
