Company posts NPR 9.44 crore profit due to higher interest income and impairment reversal.
Aarambha Chautari Laghubitta Bittiya Sanstha Limited has published its unaudited financial report for the fourth quarter of the fiscal year 2081/82. According to the report, the company’s net profit has surged by 13,785%, reaching NPR 9.44 crore. In the same period last year, the company had earned only NPR 6.80 lakh in net profit. This extraordinary growth is mainly due to an increase in net interest income and a reversal of NPR 2.38 crore in impairment charges.
By the end of the fourth quarter, the company’s net interest income had risen by 31.89%, reaching NPR 37.02 crore. Likewise, its operating income climbed by 31.92% to NPR 45.38 crore. The impairment charge improved from a negative NPR 4 lakh last year to a negative NPR 2.38 crore, contributing significantly to the bottom line. The company’s non-performing loan (NPL) ratio also showed improvement, dropping by 2.08 percentage points to stand at 2.13%.
During the review period, Aarambha Chautari Laghubitta mobilized a total of NPR 5.25 arba through deposits and borrowings and disbursed NPR 5.31 arba in loans. Of the total funding, NPR 3.35 arba was obtained through borrowings and NPR 1.89 arba through deposits.
The company’s paid-up capital stands at NPR 36.71 crore. It has reported distributable profit of NPR 5.21 crore and a reserve fund totaling NPR 20.62 crore. Earnings per share (EPS) increased by NPR 25.53, reaching NPR 25.72, while the net worth per share is reported at NPR 156.18.
Looking at other key financial indicators, the company’s price-to-earnings (P/E) ratio stands at 42.28 times. The capital adequacy ratio (CAR) is 8.68%, the cost of funds is 7.39%, and the base rate is 13.40%. The interest rate spread or margin remains healthy at 7.61%.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
