Nerude Mirmire Laghubitta Swings to Rs. 23.59 Crore Profit in Q4 FY 2082/83
Summary
Nerude Mirmire Laghubitta Bittiya Sanstha Limited swung to a net profit of Rs. 23.59 crore in Q4 FY 2082/83 from a loss a year earlier, helped by negative impairment charges. Deposits rose and the NPL ratio improved sharply, while operating profit and net interest income declined.
Key Points
- Nerude Mirmire Laghubitta Bittiya Sanstha Limited reported a net profit of Rs. 23.59 crore in Q4 FY 2082/83, reversing a loss of Rs. 18.25 crore in the same quarter last year.
- Customer deposits increased 19.15% to Rs. 7.69 arba, while loans and advances slipped 0.99% to Rs. 19.32 arba.
- The non-performing loan ratio improved to 19.86% from 31.64%, and capital adequacy rose to 9.38%.
- Earnings per share turned positive at Rs. 16.88, and the stock ended the quarter at Rs. 534.90 per share.
