Nerude Laghubitta Shows Impressive Growth

Aug 06, 2019 10:48 AM Merolagani

Nerude Laghubitta (NLBBL) has earned a net profit of Rs 126.8 million in the fourth quarter of the last FY. The net profit increased by 125 percent compared to Rs 56.4 million of the corresponding period of the previous FY.

In the review period, the company that raised its paid-up capital to Rs 397.6 million by distributing 15 percent bonus share increased its EPS by 95 percent to Rs 31.90  from earlier Rs 16.31.

Similarly, the company boosted its reserve fund by 39.55 percent to Rs 473.9 million. The net worth per share of the company grew by Rs 21 to Rs 219.19 during the period.

In the review period, the company collected deposit of Rs 1.94 billion, borrowed Rs 2.25 billion and extended loan of Rs 5.03 billion. Through this, the company earned net interest income to Rs 391.5 million.

The company maintained non-performing loan of 1.51 percent, cost of fund of 10.51 percent and P/E ratio of 14.70 times.

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