Himalayan Laghubitta Bittiya Sanstha has announced a net gain of Rs. 9.17 crores for the fourth quarter of Fiscal Year 2081/82, representing a significant recovery from the deficit of Rs. 20.07 lakhs observed in the same quarter of the previous financial year.
The microfinance institution recorded an operating profit of Rs. 13.11 crores, an impressive bounce back from a loss of Rs. 35.04 lakhs in the last year. The company’s retained earnings have turned positive to Rs. 6.31 crores, with reserves increasing by 22.72% to Rs. 11.92 crores. Meanwhile, the paid-up capital and share premium have remained steady at Rs. 31.98 crores and Rs. 4.55 crores respectively.
In terms of assets, loans and advances surged by 31.54% to Rs. 4.92 arba, while borrowings rose by 47.08% to Rs. 3.82 arba. Deposits climbed to Rs. 1.10 arba, marking a 22.17% increase year-on-year. The net interest income experienced a remarkable increase of 58.50% to reach Rs. 35.30 crores, indicating enhanced lending operations. Personnel expenses rose by 13.37%, totaling Rs. 19.59 crores.
Although there was a negative impairment charge of Rs. 30.33 lakhs (signifying a reversal or reduced provisioning), the institution’s non-performing loan (NPL) ratio sharply escalated to 5.33%, up from 3.49%. At the same time, the cost of funds significantly decreased to 6.48%, down from 8.76%, contributing to better margins.
The capital adequacy ratio dipped to 9.49% from 10.71%, yet it still exceeds regulatory standards. The company reported an annualized earnings per share (EPS) of Rs. 28.70, with a net worth per share of Rs. 171.28. Its quarter-end price-to-earnings (PE) ratio was recorded at 35.38 times, with a market price of Rs. 1,015.30 per share.
