Himalayan Laghubitta Posts Strong Profit Growth; Distributable Profit Up 49%

Kathmandu – Himalayan Laghubitta Financial Institution has released its financial results for the third quarter of the current fiscal year, covering the period up to mid-April.

The company reported a net profit of NPR 81 million for the period, marking a robust 51.53% increase compared to NPR 53.4 million recorded in the same period last year.

Net interest income rose significantly by 30.23% to NPR 318.6 million, up from NPR 244.7 million a year earlier. Total operating income also grew by 22.25%, reaching NPR 354.1 million compared to NPR 289.6 million in the corresponding period last fiscal year.

Driven by higher income, operating profit surged by 149.24% to NPR 115.6 million, up from NPR 46.4 million. Distributable profit also saw a substantial rise of 48.88%, increasing to NPR 57.5 million from NPR 38.6 million.

Earnings per share (EPS) improved to NPR 31.68 from NPR 22.30. However, non-performing loans (NPL) climbed to 10.04%, up from 5.34%. The company’s net worth per share stands at NPR 150.76, while its base rate is 11.99%.

With a paid-up capital of NPR 341 million, the company has a share premium of NPR 45.5 million and reserves totaling NPR 162.9 million. As of mid-April, it had disbursed loans worth NPR 5.01 billion and mobilized deposits of NPR 1.22 billion. Total assets have exceeded NPR 5.75 billion.