Infinity Laghubitta Bittiya Sanstha Limited has published its unaudited financial results for the fourth quarter of the fiscal year. According to the report, the microfinance institution’s net profit surged by 104.71 percent to NPR 9.38 crore, compared to NPR 4.58 crore during the same period last year.
The profit increase is attributed to significant growth in net interest income and other operating income.
Net interest income rose by 39.64 percent to NPR 40.50 crore, while operating income increased by 40.93 percent to NPR 47.78 crore. However, impairment charges rose from NPR 2.90 crore to NPR 4.21 crore.
The microfinance’s non-performing loan (NPL) ratio improved, falling by 2.76 percentage points to 7.43 percent.
During the review period, Infinity Laghubitta mobilized deposits totaling NPR 139.10 crore, took loans worth NPR 397.02 crore, and disbursed loans amounting to NPR 583.82 crore.
The institution’s paid-up capital stands at NPR 49.74 crore, with distributable profit of NPR 8 crore and reserves of NPR 28.18 crore. Earnings per share (EPS) increased by NPR 9.64 to NPR 18.85, while net worth per share is NPR 156.65.
Additional financial indicators include a price-to-earnings (P/E) ratio of 46.16 times, capital adequacy ratio of 11.28 percent, cost of funds at 7.41 percent, base rate of 13.23 percent, and an interest rate spread of 7.59 percent.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
