Strong growth in net interest income and operating profit drives record earnings.
Asha Laghubitta Bittiya Sanstha Limited has posted a remarkable 248.28% growth in net profit, reaching Rs. 20.92 crore by the fourth quarter of fiscal year 2081/82. In the same period last year, the company had reported a profit of Rs. 6.01 crore. The sharp increase in profit is mainly attributed to a significant rise in net interest income and operating profit.
During the review period, the company’s net interest income climbed 67.47% to Rs. 73.88 crore, while operating income grew 50.05% to Rs. 89.20 crore. However, impairment charges also increased from Rs. 5.31 crore to Rs. 10.03 crore.
The company’s non-performing loan (NPL) ratio improved, declining by 0.36 percentage points to 4.48%. As of the fourth quarter, Asha Laghubitta had collected deposits worth Rs. 3.21 arba and borrowings of Rs. 6.45 arba, totaling Rs. 9.66 arba in funding, and disbursed loans amounting to Rs. 10.44 arba.
With a paid-up capital of Rs. 73.30 crore, the institution has distributable profit of Rs. 16.36 crore and reserves of Rs. 53.43 crore. Earnings per share (EPS) surged by Rs. 19.18 to Rs. 28.55, while net worth per share stood at Rs. 172.90.
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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