Himalayan Laghubitta Achieves 395.69% Profit Growth in Q2 FY 2081/82 with 30.71% Increase in Net Interest Income
Tue, Jan 28, 2025 10:22 AM on Financial Analysis, Company Analysis, Latest,
Himalayan Laghubitta Bittiya Sanstha Limited (HLBSL) has showcased remarkable financial growth in the second quarter of the fiscal year 2081/82, reporting a significant increase in profitability and operational performance.
The company achieved an exceptional 395.69% growth in net profit, amounting to Rs. 2.6 crores, compared to Rs. 52.58 lakh in the corresponding quarter of the previous fiscal year. This surge in profitability was primarily driven by a 30.71% growth in net interest income, which stood at Rs. 15.33 crores.
Loans and advances expanded by 25.39% to Rs. 4.69 Arba, while borrowings witnessed a substantial rise of 67.82%, reaching Rs. 4.36 Arba.
Himalayan Laghubitta reported an annualized Earnings Per Share (EPS) of Rs. 16.30 and a net worth per share of Rs. 150.84, reflecting a 5.8% improvement from the previous year.
Additionally, the company demonstrated enhanced funding efficiency as the cost of funds decreased by 17.83% to 7.65%. However, the non-performing loan (NPL) ratio rose to 5.62%, marking a 56.55% increase with a quarter-end market price of Rs. 943 and a Price-to-Earnings (PE) ratio of 57.86.
Major Highlights:
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | Himalayan Laghubitta | ||
|---|---|---|---|
| Q2 2081/82 | Q2 2080/81 | Difference | |
| Paid Up Capital | 319,818.20 | 319,818.20* | 0.00% |
| Share Premium | 45,543.05 | 45,543.05* | 0.00% |
| Retained Earnings | -2,960.98 | -6,546.04* | - |
| Reserves | 120,020.80 | 97,161.84* | 23.53% |
| Borrowings | 4,367,730.90 | 2,602,697.96* | 67.82% |
| Loans & Advances to MFIs & Cooperatives | 4,694,231.28 | 3,743,795.73* | 25.39% |
| Net Interest Income | 153,301.88 | 117,279.81 | 30.71% |
| Personnel Expenses | 97,094.28 | 88,650.07 | 9.53% |
| Impairment Charges | 11,730.54 | 7,831.47 | 49.79% |
| Operating Profit | 37,234.16 | 7,511.63 | 395.69% |
| Net Profit | 26,063.91 | 5,258.14 | 395.69% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | -2,960.98 | 0.00 | - |
| Capital Adequacy (%) | 8.60 | 8.61 | -0.12% |
| NPL (%) | 5.62 | 3.59 | 56.55% |
| Cost of Fund (%) | 7.65 | 9.31 | -17.83% |
| Annualized EPS (In Rs.) | 16.30 | 3.29 | 395.69% |
| Net Worth per Share (In Rs.) | 150.84 | 142.57 | 5.80% |
| Qtr end PE Ratio (times) | 57.86 | - | - |
| Qtr End Market Price | 943 | - | - |
