Himalayan Laghubitta's Q4 Profit Jumps 49%, EPS Climbs to Rs. 31.26
Summary
Himalayan Laghubitta Bittiya Sanstha Limited reported a 49.18% jump in fourth-quarter net profit to Rs. 10.66 crore, driven by higher net interest income and lower funding costs. EPS rose to Rs. 31.26, though the NPL ratio and impairment charges also increased.
Key Points
- Himalayan Laghubitta Bittiya Sanstha Limited posted net profit of Rs. 10.66 crore in Q4 of FY 2082/83, up 49.18% year-on-year.
- Net interest income increased 19.22% to Rs. 44.21 crore and operating profit rose 44.39% to Rs. 15.21 crore.
- EPS climbed to Rs. 31.26, while customer deposits and retained earnings also improved.
- Asset quality weakened as the NPL ratio rose to 9.04% and impairment charges surged 58.97%.
