Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) has released its third-quarter financial report for the fiscal year 2080/81, revealing a significant decline in net profit. The company reported a net profit of Rs. 1.27 Crores, marking a noteworthy 71.52% decrease compared to the previous fiscal year’s corresponding quarter, where the profit stood at Rs. 4.46 crores.
While ANLB’s deposits remained stable at Rs. 84.57 Crores during the current quarter, loans and advances surged by 14.09%, reaching Rs. 1.46 Arba.
However, the core revenue represented by net interest income (NII) witnessed a downturn of 6.17%, amounting to Rs. 8.64 Crores in the current quarter, compared to Rs. 9.21 Crores in the same quarter of the previous fiscal year.
During the third quarter, ANLB reported a concerning development as impairment charges surged dramatically by 887.27%, amounting to Rs. 13.2 Crores.
Analyzing its financial structure, ANLB reported a paid-up capital of Rs. 6.85 Crores, complemented by reserves totaling Rs. 19.8 Crores.
The annualized earnings per share (EPS) stands at Rs. 24.70, with the net worth per share reported at Rs. 388.86. Notably, the Non-Performing Loans (NPL) witnessed a significant increase of 54.86%, resulting in a ratio of 11.94%.