Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) has released its third-quarter report for the fiscal year 2079/2080, revealing a net profit of Rs. 5.24 crores. This marks a significant decline of 52.80% compared to the corresponding quarter of the previous fiscal year, which reported a net profit of Rs. 11.11 crores.
MLBSL has witnessed a substantial increase in impairment charges, rising by 604.13% to reach Rs. 3.26 crores until the end of Q3 in the current fiscal year. Additionally, the Non-Performing Loan (NPL) of the company has surged, reaching 9.80% in the third quarter of FY 2079/80. It can be inferred that higher impairment charges and NPL have adversely affected the company’s profitability.
On a different note, MLBSL’s net interest income, which represents its core revenue, has experienced a slight decline of 3.57% and amounts to Rs. 20.58 crores until the end of Q3 in FY 2079/80. Meanwhile, the company’s personnel and staff expenses have increased to Rs. 12.59 crores, reflecting a growth of 22.52% compared to the third quarter of FY 2078/79.
MLBSL has successfully raised its paid-up capital by 47.50%, totaling Rs. 21.75 crores. The company also maintains a reserve and surplus, comprising reserves and retained earnings, amounting to Rs. 22.46 crores.
With an Earnings per Share (EPS) of Rs. 32.17, MLBSL showcases its profitability per share. The Net Worth per Share of the company stands at Rs. 203.24, indicating its value per share based on its net worth.
Overall, MLBSL’s Q3 report demonstrates a decline in profits, driven by increased impairment charges and NPL. The company also faces challenges related to net interest income and rising personnel expenses. However, it has managed to strengthen its financial position through an increase in paid-up capital and maintains a favorable EPS and net worth per share.
