Nerude Mirmire Laghubitta Posts 672% Profit Surge in Q4 FY 2080/81 Driven by Spike Interest Income Growth; Distributable Profit at Rs. 5.29 Crores
Sun, Aug 11, 2024 9:17 AM on Financial Analysis, Company Analysis, Latest,
Nerude Mirmire Laghubitta Bittiya Sanstha Limited (NMLBBL) has announced its financial results for the fourth quarter of the fiscal year 2080/2081, revealing a dramatic improvement in its financial performance. The company reported a staggering 672.04% increase in net profit, which soared to Rs. 44.7 crore, a significant leap from Rs. 5.78 crore in the same quarter last year.
The report underscores a 138.12% growth in core revenue, particularly in net interest income, which climbed to Rs. 1.03 Arba from Rs. 43.62 crore in the corresponding quarter of the previous fiscal year. NLBBL’s loan and advance portfolio expanded by 100.27%, reaching Rs. 20.14 Arba during the fourth quarter. In parallel, borrowings saw a significant rise of 126.95%, amounting to Rs. 11.02 Arba.
The financial report also noted impairment charges of Rs. 55.41 lakhs recorded during the quarter.
In terms of its financial position, NLBBL reported a paid-up capital of Rs. 1.39 Arba, retained earnings of Rs. 5.29 crores, and reserves and surplus totaling Rs. 1.26 Arba.
The company’s annualized earnings per share (EPS) was recorded at Rs. 31.98, while the net worth per share stood at Rs. 194.39. During the period, NLBBL shares traded at a price-to-earnings (P/E) multiple of 22.52 times.
Additionally, the company reported a distributable profit of Rs. 5.29 crores.
Major Highlights:
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | Nerude Mirmire Laghubitta | ||
|---|---|---|---|
| Q4 2080/81 | Q4 2079/80 | Difference | |
| Paid Up Capital | 1,397,764.55 | 732,000.00* | 90.95% |
| Share Premium | 0.00 | 0.00 | - |
| Retained Earnings | 52,902.76 | 32,214.66* | 64.22% |
| Reserves | 1,266,404.15 | 32,214.66* | 3831.14% |
| Borrowings | 11,028,290.09 | 4,859,309.99* | 126.95% |
| Loans & Advances to MFIs & Cooperatives | 20,142,227.62 | 10,057,471.15* | 100.27% |
| Net Interest Income | 1,038,880.45 | 436,283.37 | 138.12% |
| Personnel Expenses | 516,178.07 | 393,007.18 | 31.34% |
| Impairment Charges | 5,541.79 | 19,149.96 | -71.06% |
| Operating Profit | 599,139.45 | 86,101.62 | 595.85% |
| Net Profit | 447,006.12 | 57,899.58 | 672.04% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 52,902.76 | - | - |
| Capital Adequacy (%) | 9.48 | 9.78 | -3.07% |
| NPL (%) | 6.60 | 5.05 | 30.69% |
| Cost of Fund (%) | 8.03 | 11.47 | -29.99% |
| EPS (In Rs.) | 31.98 | 7.91 | 304.31% |
| Net Worth per Share (In Rs.) | 194.39 | 108.80 | 78.66% |
| Qtr end PE Ratio (times) | 22.52 | - | - |
| Qtr End Market Price | 720.2 | - | - |
