Company returns to profit after operational losses; impairment charges significantly reduced.
Aatmanirbhar Laghubitta Bittiya Sanstha Limited has reported a sharp 218.64% increase in net profit, reaching Rs. 4.47 crore by the fourth quarter of fiscal year 2081/82. During the same period last year, the microfinance institution had posted a net profit of Rs. 1.40 crore. The improvement is mainly attributed to a return from operating losses and a substantial reduction in impairment charges.
Net interest income rose by 9.66% to Rs. 13.57 crore during the review period. More notably, impairment charges fell sharply from Rs. 17.65 crore to Rs. 4.04 crore, contributing significantly to the profit recovery.
The company also saw a modest improvement in its non-performing loan (NPL) ratio, which declined by 0.42 percentage points to 12.80%.
During the fourth quarter, Aatmanirbhar Laghubitta disbursed loans worth Rs. 1.55 arba after collecting deposits and borrowings totaling Rs. 98 crore. Meanwhile, the company’s borrowing volume declined by 32.70%, down to Rs. 9.97 crore.
The company’s paid-up capital stands at Rs. 7.83 crore, with a reserve fund of Rs. 22.31 crore. Earnings per share (EPS) surged by Rs. 36.61 to reach Rs. 57.07, while the net worth per share reached Rs. 384.82.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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