Gurans Laghubitta Financial Institution Ltd. has released its unaudited financial results for the first half of the current fiscal year. The company reported a net profit of NPR 2.66 crore, up 72.15% from NPR 1.54 crore in the same period last year. The growth in profit was driven by increases in net interest income, fee and commission income, and operating profit.
During the review period, Gurans Laghubitta’s net interest income rose by 55.18% to NPR 8.76 crore, while fee and commission income increased by 63.10% to NPR 6.10 lakh. Total operating income grew by 36.15% to NPR 9.71 crore, and operating profit surged by 67.77% to NPR 3.05 crore. Impairment charges for the period stood at NPR 26.48 lakh.
The institution’s asset quality saw a slight decline, with the non-performing loan (NPL) ratio increasing by 0.35 percentage points to 3.13%.
In terms of deposits and lending, Gurans Laghubitta mobilized NPR 1.9539 arba (195.39 crore) in deposits and borrowings, and disbursed NPR 2.106 crore (210.06 crore) in loans during the first half of the fiscal year.
As of the end of the second quarter, the company’s distributable profit stood at NPR 1.95 crore, providing a potential dividend payout capacity of 29.48% to shareholders. The paid-up capital of the institution is NPR 13.23 crore, and the reserve fund has accumulated NPR 7.85 crore. Earnings per share (EPS) increased by NPR 5.13 to NPR 40.22, while net worth per share reached NPR 159.33. The price-to-earnings (P/E) ratio of Gurans Laghubitta was 47.98 times at the end of Poush.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
