Himalayan Laghubitta Bittiya Sanstha Limited (HLBSL) has unveiled its third-quarter financial report for the fiscal year 2080/2081, showcasing an impressive 73.87% surge in net profit, despite challenges in the economic landscape.
The company’s net profit surged to Rs. 1.13 crore, marking a substantial increase from Rs. 65.55 lakhs reported in the corresponding quarter of the previous year. Despite a 6.49% decrease in deposits, which amounted to Rs. 92.94 Crores, HLBSL experienced a 1.65% rise in loans and advances, reaching 3.22 Arba in this quarter.
Core revenue, represented by net interest income, witnessed a notable 4.46% increase, totaling Rs. 15.98 Crores compared to Rs. 15.3 Crores in the corresponding quarter of the previous year.
The remarkable growth in net profit was supported by a significant decline of 92.34% in impairment charges, now standing at Rs. 17.60 lakhs.
HLBSL’s financial structure remains robust, with a paid-up capital of Rs. 31.98 Crores, complemented by a share premium, retained earnings, and reserves. The Non-Performing Loan (NPL) ratio decreased to 4.61%, signaling improved asset quality.
With an annualized earnings per share (EPS) of Rs. 4.75 and a net worth per share of Rs. 147.05, HLBSL traded at a P/E multiple of 152.58 times, reflecting investor confidence in its financial performance.
The third-quarter report underscores HLBSL’s resilience and strategic positioning in the microfinance sector, providing investors with valuable insights into its growth trajectory amidst evolving market conditions. For detailed financial analysis and insights, stakeholders can refer to the official Q3 report provided by HLBSL.