Nirdhan Utthan Laghubitta Bittiya Sanstha has published First quarter report of Fiscal Year 2076/77. Net profit surged by 43.49% in the comparing period.
As per the published report, the microfinance company has reported surge in net profit to Rs.21.63 crore in this Q1 of Fiscal year 2076/77 from Rs.15.07 crore in the same period of fiscal year 2075/76.
It has borrowed Rs 7.56 arba and collected deposit of Rs.11.65 arba in this period which was Rs.8.98 arba in last year. It had floated loan & advances of Rs 20.13 arba in this first quarter which was Rs.16.05 arba in Q1 of FY 2075/76.
Its net interest income increased to Rs.45.88 crore in Q1 from Rs 38.12 crore in the last corresponding quarter of FY 2075/76.
Likewise, Operating profit increased to Rs.34.17 crore from the operating profit of Rs.23.34 crore in the FY 2074/75
Its paid up capital is Rs.1.20 arba with reserves of Rs.2.29 arba.
Its non performing loan (NPL) increased to 1.30% from 1.02%. Cost of fund stands at 8.65% and capital adequacy at 14.65%.
Annualized earning per share (EPS) stands at Rs 72.12, Net worth per share at Rs.292 and PE ratio at 11.92 times.
