Asha Laghubitta Bittiya Sanstha Limited (ALBSL) has announced a remarkable surge in its net profit during the final quarter of FY 2081/82, hitting Rs. 20.92 crore—a breathtaking 248.27% jump compared to Rs. 6 crore during the same quarter of the prior fiscal year.
The microfinance organization’s net interest income skyrocketed by 67.47% to Rs. 73.88 crore, up from Rs. 44.11 crore in the corresponding quarter of FY 2080/81. Operating profit surged to Rs. 30.17 crore from Rs. 8.49 crore, indicating an impressive increase of 255.36%.
Paid-up capital appreciated by 14.25% year-over-year to Rs. 73.30 crore. Retained earnings reached Rs. 16.36 crore, reflecting a 62.70% growth, while reserves grew by 13.86% to Rs. 37.07 crore.
Loans and advances granted to clients climbed to Rs. 10.44 arba, demonstrating a 9.35% enhancement. Customer deposits increased by 14.54% to Rs. 3.21 arba, while borrowings edged up slightly by 0.93% to Rs. 6.45 arba.
The company’s impairment charges for loans and advances nearly doubled, soaring by 88.69% to Rs. 10.02 crore. Nonetheless, the earnings per share (EPS) significantly improved to Rs. 28.55, compared to Rs. 9.37 previously. The net worth per share rose to Rs. 172.90.
Concerning risk, the Non-Performing Loan (NPL) ratio enhanced to 4.48% from 4.81%, and the cost of funds decreased to 7.13% from 8.44%. The capital adequacy ratio was recorded at 9.97%, marginally lower than last year’s 10.11%.
The company’s price-to-earnings (PE) ratio at quarter-end stood at 31.38 times, with the closing market price noted at Rs. 895.81.
