Nirdhan Utthan reports a 11% drop in Net Profit ; EPS OF Rs 53.22

Nirdhan Utthan Bank has published the report for 3rd quarter of the fiscal year 2074/75.

The company has earned a net profit of Rs 39.91 crores till the end of 3rd quarter. The net profit was Rs 44.72 crores in the corresponding quarter of the previous fiscal year. This accounts for a fall of 10.74%. NUBL now has an eps of Rs 53.22.

A growth is seen both in the interest income and interest expense of the company. The interest income has surged to Rs 1.83 arba, from Rs 1.59 arba. Interest expense too has grown by massivly to Rs 88.48 crores. As a result, the net interest income has slipped by nearly 12% to Rs 94.65 crores. 

Staff expense decreased by 4.74% at Rs Rs 42.78 crores. The operating expense also dipped slightly to Rs Rs 7.55 crores from Rs 7.79 crores. 

Company’s operating profit has decreased by 17.31% to Rs 57.13 crores. 

Deposit has surged to Rs 7.88 arba, up from 5.59 arba last year showing a growth of 41%. Company's lending has increased by 22.81% to Rs 14.78 arba.  

Key Ratios:

EPS                : Rs 53.22
Networth       : Rs 208.23
Cost of Fund  : 8.45%
NPL                : 0.83%
P/E Ratio        : 19.84 times

P/B Ratio        :  5.07 times