Nagbeli Laghubitta Bikas Bank Limited (NBBL) has reported 47.18% increase in net profit in the fourth quarter of the fiscal year 2075/76.

According to the unaudited financial report for the fourth quarter published today, the microfinance has stated that its net profit increased to Rs 3.55 crore in this quarter as compared to Rs 2.41 crore in the corresponding quarter of the last fiscal year 2074/75.

Its deposits have increased to reach Rs 32.84 crore in the Q4 of the FY 2075/76 from Rs 24.68 crore in the corresponding quarter of the FY 2074/75. It has floated loans of Rs 93.60 crore in this quarter and the borrowing of the microfinance has decreased by 9.58% from Rs 45.79 crore in the corresponding quarter of the previous year to Rs 41.40 crore in the fourth quarter of current fiscal year.

Its net interest income has increased to Rs 9.13 crore in this Q4 up from Rs 5.95 crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs 5.09 crore till the fourth quarter.

NBBL’s paid-up capital stands at Rs 16.76 crore and reserve and surplus is Rs 12.07 crore. The non-performing loans of the company has decreased from 2.75% to 2.36% by the end of the fourth quarter.

Its annualized EPS stands at Rs 21.19, net worth per share stands at Rs 172 with P/E ratio at 27.75 times.