Strong growth in net interest income and operational earnings drive performance.
CYC Nepal Laghubitta Bittiya Sanstha Limited has posted an impressive 208.44% surge in net profit, reaching Rs. 11.75 crore by the fourth quarter of fiscal year 2081/82. The company had earned Rs. 3.81 crore in net profit during the same period last year.
The remarkable profit growth was primarily driven by a significant increase in net interest income and a notable improvement in operating profit. Net interest income grew by 41.30%, totaling Rs. 45.04 crore, while total operating income rose by 29.48% to Rs. 51.96 crore. Impairment charges were also reduced slightly, declining from Rs. 2.22 crore to Rs. 2.02 crore.
The company’s non-performing loan (NPL) ratio improved, dropping by 0.41 percentage points to settle at 4.54%.
During the review period, CYC Nepal Laghubitta mobilized Rs. 586.60 crore through deposits and borrowings, and disbursed loans worth Rs. 625.52 crore.
As of Q4, the company’s paid-up capital stood at Rs. 26.64 crore, while it maintained Rs. 9.10 crore as distributable profit and Rs. 47.20 crore in reserve funds. The earnings per share (EPS) rose by Rs. 29.79, reaching Rs. 44.09, and net worth per share reached Rs. 277.17.
This article was originally published on https://bajarkochirfar.com. Translated and restructured with AI support and editorial oversight.
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