Aarambha Chautari Laghubitta Bittiya Sanstha Limited (ACLBSL) has published its unaudited financial report for the fourth quarter of the fiscal year 2081/82. The report shows that the microfinance company has posted a remarkable growth in net profit compared to the same period last year.
At the end of the previous fiscal year, the company had earned only Rs. 6.8 lakh in net profit. However, by the end of the last fiscal year, it earned a net profit of Rs. 9.44 crore. This is a huge improvement in its financial performance.
The profit increased mainly due to the rise in net interest income and the reversal of impairment charges. During the review period, the net interest income increased by 31.89%, and other operating income grew by 26.75%. In total, the company’s operating income rose by 31.92%. Even more impressively, the operating profit jumped by 936.13%.
One major factor for this rise was the reversal of impairment charges worth Rs. 2.38 crore. This helped the company significantly boost its operating and net profit.
Along with profit growth, the company’s earnings per share (EPS) also increased notably. EPS rose by Rs. 25.53 to reach Rs. 25.72. As of the end of Ashad, the company’s price-to-earnings (P/E) ratio stands at 42.28 times, while its net worth per share is Rs. 156.18.
Aarambha Chautari Laghubitta has a paid-up capital of Rs. 36.71 crore and a reserve fund of Rs. 20.62 crore. By the end of the fiscal year, it had mobilized deposits totaling Rs. 5.25 Arba and disbursed loans amounting to Rs. 5.31 Arba.
Financial Highlights Table
(Amt. in ’000)
Balance Sheet Overview
| Particulars | Ashad 2082 | Ashad 2081 | Difference |
|---|---|---|---|
| Share Capital | 367,143 | 367,143 | 0.00% |
| Share Premium | – | – | – |
| Retained Earning | 52,120 | (49,155) | – |
| Reserves | 154,130 | 167,410 | – |
| Reserve and Surplus | 206,250 | 118,255 | 74.41% |
| Deposits and Borrowings | 5,254,177 | 4,358,955 | 20.54% |
| Loan and Advances | 5,315,265 | 4,242,635 | 25.28% |
Income Statement Highlights
| Particulars | Ashad 2082 | Ashad 2081 | Difference |
|---|---|---|---|
| Net Interest Income | 370,265 | 280,738 | 31.89% |
| Other Operating Income | 57,271 | 45,186 | 26.75% |
| Total Operating Income | 429,969 | 325,924 | 31.92% |
| Impairment Charges | (23,876) | (398) | – |
| Operating Profit | 134,883 | 13,018 | 936.13% |
| Profit for the Period | 94,418 | 680 | 13785.00% |
| Distributable Profit | 52,120 | – | – |
Key Indicators
| Particulars | Ashad 2082 | Ashad 2081 | Difference |
|---|---|---|---|
| EPS (Rs.) | 25.72 | 0.19 | 25.53 |
| PE Ratio | 42.28 | – | – |
| Net Worth per Share (Rs.) | 156.18 | 141.93 | 14.25 |
| Capital Fund to RWA | 8.68 | 8.03 | – |
| Non-Performing Loan (NPL) | 2.13 | 4.21 | -2.08 |
| Cost of Fund (%) | 7.39 | 8.84 | – |
| Base Rate (%) | 13.40 | 15.64 | – |
| Interest Rate Spread (%) | 7.61 | 6.16 | – |
Aarambha Chautari Laghubitta Q4 Report FY 2081/82
