Nerude Laghubitta reported surge in net profit by 124.85% in Q4

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Nerude Laghubitta Bittiya Sanstha

Nerude Laghubitta Bittiya Sanstha has published fourth quarter report of FY 2075/76. Net profit surged by 124.85% in comparing period.

As per the published report, it has reported surge in net profit to Rs.12.68 crore in this Q4 of Fiscal year 2075/76 from Rs.5.64 crore in the same period of fiscal year 2074/75.




It has borrowed Rs 2.25 arba in Q4 and collected deposit of Rs.1.94 arba from Rs.1.51 arba in the last year. It had floated loan & advances of Rs.5.03 arba in this fourth quarter which was Rs 3.95 arba in Q4 of FY 2074/75. Deposit risen by 28.72% and loan by 27.50%.

Its net interest income increased to Rs.39.15 crore in Q4 from Rs.28.85 crore in the last corresponding quarter of FY 2074/75.

Likewise, Operating profit increased to Rs.19.93 from the operating profit of Rs.88.65 crore in the FY 2074/75

Its paid up capital is Rs.39.76 crore with reserves of Rs.47.39 crore.

Its non performing loan stands at 1.51%. Cost of fund stands at 10.76% and capital adequacy at 13.47%.

Annualized earning per share (EPS) stands at Rs 31.90, Net worth per share at Rs.219.19 and PE ratio at 14.70 times.