Asha Laghubitta Bittiya Sanstha Limited (ALBSL) has delivered an exceptional fourth-quarter performance for the fiscal year 2081/82, posting a net profit of Rs. 20.92 crore, up by a massive 248.27% compared to Rs. 6 crore in the same period of the previous year.
This remarkable surge in profitability is backed by a 67.47% rise in net interest income, which climbed to Rs. 73.88 crore from Rs. 44.11 crore. The microfinance institution also reported a 255.36% jump in operating profit, reaching Rs. 30.17 crore versus Rs. 8.49 crore in Q4 of FY 2080/81.
Asha Laghubitta’s paid-up capital increased by 14.25% to Rs. 73.30 crore, while retained earnings rose by 62.70% to Rs. 16.36 crore. Its total reserves now stand at Rs. 37.07 crore, reflecting a 13.86% annual growth. In terms of lending activity, loans and advances to customers grew by 9.35% to Rs. 10.44 arba, and customer deposits rose by 14.54% to Rs. 3.21 arba. Borrowings slightly increased by 0.93%, totaling Rs. 6.45 arba. Despite an 88.69% rise in impairment charges to Rs. 10.02 crore, the company’s earnings per share (EPS) saw a sharp increase from Rs. 9.37 to Rs. 28.55, while net worth per share improved to Rs. 172.90. On the risk front, the non-performing loan (NPL) ratio declined to 4.48% from 4.81%, and the cost of funds decreased significantly to 7.13%, compared to 8.44% a year earlier. However, the capital adequacy ratio (CAR) slightly dipped to 9.97% from 10.11%. The company closed the quarter with a price-to-earnings (PE) ratio of 31.38 times, and its stock was last traded at Rs. 895.81.
| Particulars | Q4 FY 2081/82 | Q4 FY 2080/81 | Change (%) |
|---|---|---|---|
| Paid-up Capital (Rs ‘000) | 733,046.28 | 641,616.00 | +14.25% |
| Retained Earnings (Rs ‘000) | 163,645.74 | 100,581.47 | +62.70% |
| Reserves (Rs ‘000) | 370,748.74 | 325,604.34 | +13.86% |
| Loans & Advances to Customers (Rs ‘000) | 10,449,350.30 | 9,555,877.72 | +9.35% |
| Customer Deposits (Rs ‘000) | 3,211,170.13 | 2,803,571.68 | +14.54% |
| Borrowings (Rs ‘000) | 6,454,107.26 | 6,394,859.36 | +0.93% |
| Net Interest Income (Rs ‘000) | 738,844.67 | 441,180.31 | +67.47% |
| Personnel Expenses (Rs ‘000) | 356,551.41 | 343,915.27 | +3.67% |
| Impairment Charges (Rs ‘000) | 100,268.40 | 53,140.63 | +88.69% |
| Operating Profit (Rs ‘000) | 301,692.75 | 84,897.03 | +255.36% |
| Net Profit (Rs ‘000) | 209,277.98 | 60,089.87 | +248.27% |
| Capital Adequacy Ratio (%) | 9.97 | 10.11 | â–¼ -1.38% |
| Non-Performing Loans (NPL) (%) | 4.48 | 4.81 | â–¼ -6.86% |
| Cost of Funds (%) | 7.13 | 8.44 | â–¼ -15.52% |
| Earnings Per Share (EPS in Rs.) | 28.55 | 9.37 | +204.84% |
| Net Worth per Share (in Rs.) | 172.90 | 166.42 | +3.89% |
| Quarter-End PE Ratio (Times) | 31.38 | – | – |
| Quarter-End Market Price (in Rs.) | 895.81 | – | – |
