Nagbeli Laghubitta shows 34.98% decline in net profit in the third quarter; Suryodaya Laghubitta earns Rs 1.44 crore net profit with Rs 40.55 as EPS

Nagbeli Laghubitta Bikas Bank Limited (NBBL) has reported 34.98% decrease in profit in the third quarter of the current fiscal year 2074/75.

According to the unaudited financial report for the third quarter published today, the microfinance has stated that its net profit decreased to Rs 1.83 crore in third quarter as compared to Rs 2.82 crore in the corresponding quarter of the last fiscal year 2073/74.

Its deposits have increased to reach Rs 22.25 crore in the third quarter of the current fiscal year 2074/75 from Rs 15.29 crore in the corresponding quarter of the previous fiscal year. It has floated loans of Rs 67.67 crore in the third quarter of current fiscal year 2074/75. The borrowing of the microfinance has increased from Rs 37.10 crore in the corresponding quarter of the previous year to Rs 42.94 crore in the third quarter of the current fiscal year 2074/75.

Its net interest income has decreased to Rs 3.83 crore in the Q3 down from Rs 5.38 crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs. 2.13 crore in Q3 of the ongoing fiscal year.

NBBL’s paid up capital stand at Rs 7.66 crore and reserve and surplus is Rs 6.45 crore in third quarter of FY 2074/75. It will soon issue 100% right shares. Its paid up capital will reach to Rs 15.26 crore after right shares.

Its annualized Earnings per Share (EPS) stands at Rs 31.99, net worth per share stands is at Rs 158.13 and P/E ratio at 77.83 times.

Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS) net profit slides by 29.47 percent in the third quarter (Q3) of the current fiscal year 2074/75.

Publishing the unaudited financial report for the third quarter today, the microfinance company stated that its net profit slides to Rs 1.44 crore in the Q3 of current fiscal year 2074/75, down from Rs 2.05 crore in the corresponding period of the previous fiscal year 2073/74.

Its net interest income has also decreased from Rs 5.24 crore in corresponding quarter to Rs 4.39 crore in the third quarter. Its paid up capital remains at Rs 4.76 crore with reserve of Rs 4.78 crore in Q3. SLBS has issued 2.80 lakh unit (70%) right shares of worth Rs 100 per share to its shareholders.After the adjustment of the right shares, the paid up capital of the microfinance will stand at Rs 7.56 crore.

The company has borrowings of Rs 42.75 crore in the third quarter, up from Rs 41.70 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 78.50 crore in Q3 whereas in the same period last year the figure stood at Rs 60.57 crore.

Its non-performing loan (NPL) has increased to 1.17% in Q3 from 0.64 % in the previous year report.

Its annualized earning per share (EPS) stands at Rs 40.55, net worth per share at Rs 200.47 and the P/E ratio at 31.17 times.