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After a successful merger with Swadesi Laghubitta, Nic Asia Laghubitta net profit increased by 247.93%

By: Nepse Direct Apr 23, 2021

In 3rd quarter of the current fiscal year 2077/78 after a successful merger with swadesi laghubitta, Nic Asia Laghubitta NICLBSL increased net profit by 247.93%. Company make huge profit after merger with Swadesi Laghubitta. As per as 3rd quarter of current year company earn Rs.42.72 crore increased by 247.93% as compared to last year fiscal year.

The company earned 92.98 crore net interest income increased by 242.94% and operating profit increased by 220.18% to Rs.62.40 crore compared to last year. Its annualized earnings per share (EPS) stands at Rs.32.75. The net worth per share is Rs.145.72. The company traded at a P/E multiple of 51.88 times.

Nic Asia Laghubitta paid up capital increased by 73.16% to Rs.1.73 arba and borrowings increased by 144.23% to Rs.13.69 compared to last year.

After Merger with Swadesi Laghubitta now there are 135 branches all over Nepal.

Fundamental Analysis of NICLBSL:

Particulars

Amount in NPR

Interest Income

1,516,640,000

Interest Expenses

586,822,000

Net Interest Income

929,818,000

Operating Profit

624,013,000

Net Profit Before Tax

687,102,000

Net Profit

427,204,000

Net Interest Income Margin

61.30%

Net Profit Margin

28.16%

EPS

32.75

PE

51.88

Total Assets

20,237,632,000

Current Assets

19,684,694,000

Non-Current Assets

552,938,000

Total Liabilities and Equity

20,237,632,000

Total Liabilities

17,702,890,000

Current Liabilities

16,457,831,000

Non-Current Liabilities

1,245,059,000

Total Equity

2,534,742,000

Outstanding Share

17,394,400

Paid-up Capital

1,739,440,000

Reserve and Surplus

795,302,000

Total Debt

13,691,706,000

Current Ratio

1.19

Book Value per Share

145.72

PB Ratio

12.60

ROE

27%

Total Debt to Equity

540.16%

Capital Adequacy Ratio

15.59%

Non-Performing Loan

1.49%

Total Loan Loss Provision to Total NPL

230.63%

Cost of Fund

5.48%

CD Ratio

574.24%

 

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