Ganapati Laghubitta Bittiya Sanstha Limited has reported a significant increase in its net profit for the fourth quarter of fiscal year 2081/82. According to the unaudited financial statement published by the company, its net profit surged by 179.51%, reaching Rs. 4.25 crore, compared to Rs. 1.52 crore in the same period last year. This growth is largely attributed to a rise in net interest income, which increased by 41.71% to Rs. 17.28 crore. However, net fee and commission income fell sharply by 86.57%, totaling only Rs. 8 lakh. Despite that, total operating income rose by 42.26% to Rs. 18.22 crore. Notably, the company recorded a negative impairment charge of Rs. 1.65 crore during the period.
In terms of asset quality, the non-performing loan (NPL) ratio declined by 1.33 percentage points to 4.51%. Ganapati Laghubitta collected Rs. 2.27 arba in deposits and loans and disbursed Rs. 2.29 arba in credit. With a paid-up capital of Rs. 15.15 crore, the company reported Rs. 2.64 crore in distributable profit and Rs. 11.73 crore in statutory reserves. The earnings per share (EPS) rose to Rs. 28.04 from the previous Rs. 18.01, while distributable EPS stood at Rs. 17.42. The net worth per share was recorded at Rs. 177.45, reflecting the company’s improved financial health and operational efficiency over the fiscal year.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
