Net profit rises to Rs. 8.49 crore as income grows and impairment charges fall.
Samata Gharelu Laghubitta Bittiya Sanstha Limited has published its unaudited financial statement for the fourth quarter of fiscal year 2081/82. According to the report, the company’s net profit rose by 240.91%, reaching Rs. 8 crore 49 lakh, compared to Rs. 2 crore 50 lakh in the same period last year.
The sharp increase in net profit was attributed to a significant rise in net interest income, fee and commission income, as well as a notable reduction in impairment charges.
Financial Performance
As of the end of Q4, the company’s net interest income rose by 73.75%, reaching Rs. 33.78 crore. Its operating income also grew by 74.61%, totaling Rs. 38.99 crore. Meanwhile, impairment charges decreased from Rs. 1 crore 70 lakh to Rs. 50 lakh.
The Non-Performing Loan (NPL) ratio saw a major improvement, declining from 10.48% to 3.61%, a reduction of 6.87 percentage points.
Deposits and Lending
During the review period, Samata Laghubitta collected a total of Rs. 4 arba 97 crore through deposits and borrowings and disbursed Rs. 5 arba 49 crore in loans.
Capital & Shareholder Indicators
The company’s paid-up capital stands at Rs. 62 crore 90 lakh, while its reserve fund has reached Rs. 22 crore 24 lakh. The Earnings Per Share (EPS) increased by Rs. 9.09, reaching Rs. 13.51. The Net Worth Per Share stands at Rs. 135.37.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
