Asha Laghubitta’s Stellar Performance: Q4 Results and Financial Analysis**
Asha Laghubitta has released its unaudited financial statements for the fourth quarter of the last fiscal year, and the results are impressive! This microfinance institution has shown remarkable growth, with a massive profit increase of 248.28% compared to the same period last year. That’s right, Asha Laghubitta’s net profit soared to NPR 20.92 crore, a significant jump from NPR 6.01 crore in the previous year. Let’s delve into the details of this financial performance and see what drove this positive growth.
The surge in net profit can be primarily attributed to substantial increases in net interest income and operating profit.
The financial data reveals further positive trends. Asha Laghubitta’s net interest income jumped by 67.47% to reach NPR 73.88 crore. Similarly, operating income also saw a healthy increase, rising by 50.05% to NPR 89.20 crore. However, impairment charges increased from NPR 5.31 crore to NPR 10.03 crore. This is important for financial analysts to keep an eye on in the coming quarters.
A key indicator of the microfinance company’s financial health is the non-performing loan (NPL) ratio. In this regard, Asha Laghubitta shows improvement, with the bad debt ratio decreasing by 0.36 percentage points, settling at 4.48%. This suggests improved loan portfolio management and better asset quality.
During the review period, the microfinance institution mobilized NPR 9.66 crore in total – this includes NPR 3.21 crore in deposits and NPR 6.45 crore in borrowings, which it then deployed in loans and advances totaling NPR 10.44 crore.
Looking at the company’s financial standing, the paid-up capital stands at NPR 73.30 crore. The distributable profit is a significant NPR 16.36 crore, and the reserve fund holds NPR 53.43 crore. Earnings per share (EPS) experienced a substantial increase, rising by NPR 19.18 to reach NPR 28.55. Furthermore, the net worth per share is NPR 172.90. These figures paint a positive picture of Asha Laghubitta’s financial stability and growth potential.
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