Nerude Mirmire Laghubitta Bittiya Sanstha (NLBBL) has recently released its third-quarter report for the current fiscal year, shedding light on its financial standing post-merger.
During this period, NLBBL recorded a net profit of Rs 198.3 million, showcasing its continued financial resilience and operational strength. The merger, which commenced joint transactions on Falgun 30, has evidently contributed to the company’s performance.
Key financial highlights from the report include:
- Net Interest Income: NLBBL reported a net interest income of Rs 640.5 million, indicating robust earnings from its core lending activities.
- Net Fee and Commission Income: The company generated Rs 95.1 million in net fee and commission income, reflecting additional revenue streams beyond interest income.
- Total Operating Income: NLBBL’s total operating income stood at Rs 803.9 million, underscoring its diversified revenue sources.
- Operating Profit: With an operating profit of Rs 256.2 million, NLBBL demonstrated efficient management of its operational expenses.
Despite its overall profitability, NLBBL reported a distributable loss of Rs 129 million, indicating potential challenges that may need to be addressed in the future.
In terms of per-share metrics, NLBBL recorded an Earnings Per Share (EPS) of Rs 32.81 and a Net Worth Per Share of Rs 178.58, providing investors with insights into the company’s profitability and intrinsic value.
With a paid-up capital of Rs 1.29 billion, NLBBL boasts a strong reserve fund of Rs 1.09 billion, highlighting its financial stability and ability to withstand market fluctuations.
Furthermore, NLBBL has actively mobilized funds during the period, collecting deposits and borrowing Rs 17.16 billion while extending loans amounting to Rs 20.51 billion. This demonstrates the company’s commitment to facilitating financial inclusion and supporting economic activities at the grassroots level.
Overall, NLBBL’s third-quarter performance underscores its resilience and strategic positioning in the microfinance sector, following the successful merger of Nerude Laghubitta and Mirmire Laghubitta. As the company continues to navigate through dynamic market conditions, stakeholders can look forward to sustained growth and value creation in the future.
