CYC Nepal Laghubitta Bittiya Sanstha Limited (CYCL) has published its financial report for the second quarter of fiscal year 2081/82. The report shows a big improvement in the company’s performance.
Financial Performance
- Net Profit: The net profit jumped by 104.58%, reaching Rs. 4.31 crores, compared to Rs. 2.1 crores in the same quarter last year.
- Net Interest Income: This income grew by 32% to Rs. 17.40 crores from Rs. 13.18 crores in the previous year.
- Impairment Charges: The company reversed Rs. 2.53 lakhs in impairment charges, which helped increase overall profit.
Balance Sheet Summary
- Paid-up Capital: Rs. 26.64 crores.
- Reserves and Surplus: Rs. 34.65 crores, showing the profits kept in the company.
- Borrowings: Reduced by 7.13% to Rs. 2.66 Arba, indicating that the company is taking on less debt.
- Loans and Advances: These slightly decreased by 0.97% to Rs. 5.9 Arba.
Key Financial Ratios
- Earnings Per Share (EPS): The annualized EPS is Rs. 32.40, showing how much profit is made for each share.
- Net Worth Per Share: Rs. 251.75, which tells us the value of each share based on the company’s assets.
- Price-to-Earnings (P/E) Ratio: 48.05, which compares the share price to its earnings.
Comparison of Key Financial Highlights for Q2 of This Fiscal Year and the Previous Fiscal Year.
Conclusion
In summary, CYCL has delivered an excellent performance in Q2 of FY 2081/82. The significant rise in net profit and net interest income, along with the reversal in impairment charges, points to good financial management. The reduction in borrowings and the stable loan portfolio also support the company’s strong financial position. With an EPS of Rs. 32.40 and a net worth per share of Rs. 251.75, CYCL continues to show promise and strength in the microfinance sector. Investors and other stakeholders can be hopeful about the company’s future growth.