Swabhiman Laghubitta’s net profit surged by 819.08% to Rs 7.24 crore in the fourth quarter of FY 2081/82, driven by increased interest income and lower impairment charges.
Swabhiman Laghubitta Financial Institution Limited has published its unaudited financial statements up to the fourth quarter of the previous fiscal year. According to the report, the company’s net profit increased by 819.08 percent, reaching Rs 7.24 crore. In the same period last year, the company had earned a net profit of Rs 78.72 lakh.
The significant increase in profit is attributed to a reversal of impairment charges amounting to Rs 2.10 crore, notable growth in net interest and operating income, and a reduction in the non-performing loan (NPL) ratio.
Up to the fourth quarter, Swabhiman Laghubitta’s net interest income rose by 86.43 percent to Rs 20.51 crore, while operating income grew by 73.96 percent to Rs 23.58 crore. Meanwhile, impairment charges decreased from Rs 2.28 crore to a negative Rs 1.10 crore.
The institution’s NPL ratio declined by 3.15 percentage points to 4.20 percent.
During the review period, Swabhiman Laghubitta mobilized deposits and borrowings totaling Rs 277.78 crore and disbursed loans worth Rs 288.41 crore.
With a paid-up capital of Rs 15.34 crore, the institution’s distributable profit stands at Rs 6.03 crore, while its reserve fund amounts to Rs 13.39 crore. Earnings per share (EPS) increased by Rs 6.40 to Rs 47.15, and net worth per share is reported at Rs 187.27.
Additionally, the price-to-earnings (P/E) ratio stands at 38.38 times, and the distributable earnings per share are Rs 39.32. The base lending rate has decreased from 13.83 percent to 11.11 percent, with an interest rate spread of 8.75 percent.
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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