हुलास फिनसर्भ हायर पर्चेज लिमिटेड
नेपाल राष्ट्र बैंकबाट हायर पर्चेज कर्जा लगानी गर्न इजाजत पत्र प्राप्त संस्था
केन्द्रीय कार्यालय, त्रिपुरेश्वर, काठमाडौँ
फोन नं. ०१-५९७००५२
आ.व. २०८२/०८३ को चौथो त्रैमासिक (Fourth Quarter) संक्षिप्त आर्थिक विवरण
प्रकाशित मिति २०८३/०४/२२
Unaudited Financial Results
1. Financial Statements
1.1 Statement of Financial Position
As on Fourth Quarter End (16th July 2026) of the Fiscal Year 2082/83 (2025/26) — Figures in NPR
Assets This Quarter Ending Immediate Previous Year Ending
| Cash and cash equivalent | 103,808,944 | 116,164,408 |
| Other trading assets | - | - |
| Loans and Advances to B/FIs | - | - |
| Loans and Advances to customers | 12,218,499,662 | 8,025,528,201 |
| Investment Securities | - | - |
| Current Tax Assets | 20,840,202 | 40,317,994 |
| Investment property | - | - |
| Property and equipment | 212,181,404 | 105,615,476 |
| Goodwill and Intangible assets | 5,143,366 | 5,842,887 |
| Deferred tax assets | 3,146,500 | 2,910,038 |
| Other assets | 75,730,879 | 137,215,405 |
| Total Assets | 12,639,350,957 | 8,433,594,408 |
| Borrowings | 9,279,878,523 | 6,150,213,305 |
| Current Tax Liabilities | - | - |
| Provisions | 12,164,639 | 13,320,305 |
| Deferred tax liabilities | - | - |
| Other liabilities | 1,459,352,323 | 780,828,470 |
| Total Liabilities | 10,751,395,485 | 6,944,362,081 |
| Share capital | 830,000,000 | 830,000,000 |
| Share premium | - | - |
| Retained earning | 774,066,195 | 455,087,679 |
| General Reserves | 283,889,277 | 204,144,649 |
| Total Equity attributable to equity holders | 1,887,955,472 | 1,489,232,328 |
| Non-controlling interests | - | - |
| Total Equity | 1,887,955,472 | 1,489,232,328 |
| Total Liabilities and Equity | 12,639,350,957 | 8,433,594,408 |
1.2 Statement of Profit or Loss
For the Fourth Quarter Ended 16th July 2026 of the Fiscal Year 2082/83 (2025/26) — Figures in NPR
| Particulars Current Year This Quarter Current Year Up to This Quarter (YTD) Previous Year This Quarter Previous Year Up to This Quarter (YTD) | ||||
| Interest Income | 280,364,137 | 939,179,770 | 164,567,090 | 482,383,171 |
| Interest Expenses | 126,365,574 | 454,532,711 | 92,209,126 | 261,370,028 |
| Net Interest Income | 153,998,563 | 484,647,058 | 72,357,964 | 221,013,143 |
| Fee and Commission Income | 159,414,178 | 560,690,209 | 143,456,702 | 468,580,618 |
| Fee and Commission Expense | - | - | 4,443,000 | 6,980,000 |
| Net Fee and Commission Income | 159,414,178 | 560,690,209 | 139,013,702 | 461,600,618 |
| Net Interest and Commission Income | 313,412,741 | 1,045,337,267 | 211,371,666 | 682,613,762 |
| Net Trading Income | - | - | - | - |
| Other Operating Income | - | - | - | - |
| Total Operating Income | 313,412,741 | 1,045,337,267 | 211,371,666 | 682,613,762 |
| Impairment Charge/(Reversal) for Loans and Other Losses | (12,906,717) | 50,016,118 | 9,065,697 | 60,989,865 |
| Net Operating Income | 326,319,458 | 995,321,149 | 202,305,969 | 621,623,896 |
| Operating Expenses | ||||
| Personnel Expenses | 56,887,334 | 231,151,959 | 52,082,200 | 168,083,328 |
| Other Operating Expenses | 24,458,430 | 120,522,570 | 40,340,858 | 102,881,718 |
| Depreciation and Amortization | 8,066,014 | 28,968,047 | 6,884,607 | 15,377,274 |
| Total Operating Expenses | 89,411,777 | 380,642,576 | 99,307,665 | 286,342,320 |
| Operating Profit | 236,907,681 | 614,678,573 | 102,998,304 | 335,281,577 |
| Non-operating Income | 362,058 | 1,453,373 | 119,364 | 185,198 |
| Non-operating Expense | 13,233,804 | 17,873,539 | 511,090 | 511,090 |
| Profit Before Income Tax | 224,035,935 | 598,258,407 | 102,606,579 | 334,955,685 |
| Income Tax Expenses | 66,655,120 | 199,535,263 | 32,395,845 | 118,785,988 |
| Current Tax | 66,543,644 | 199,771,724 | 33,085,918 | 118,041,411 |
| Deferred Tax | 111,476 | (236,461) | (690,073) | 744,577 |
| Profit for the Year | 157,380,816 | 398,723,145 | 70,210,734 | 216,169,697 |
| Other Comprehensive Income, Net of Income Tax | - | - | - | - |
| Total Comprehensive Income for the Period | 157,380,816 | 398,723,145 | 70,210,734 | 216,169,697 |
| Profit Attributable To: | ||||
| Equity Holders | 157,380,816 | 398,723,145 | 70,210,734 | 216,169,697 |
| Non-controlling Interests | - | - | - | - |
| Profit for the Year | 157,380,816 | 398,723,145 | 70,210,734 | 216,169,697 |
1.3 Statement of Distributable Profit or Loss
For the Fourth Quarter Ended 16th July 2026 — Amount in NPR
| Particulars Current Year YTD Previous Year Corresponding YTD | ||
| Opening Retained Earnings | 455,087,679 | 284,006,221 |
| Net Profit/(Loss) as per Statement of Profit or Loss | 398,723,145 | 216,169,697 |
| Appropriations: | ||
| a. General Reserve | (79,744,629) | (43,233,939) |
| b. Foreign Exchange Fluctuation Fund | - | - |
| c. Capital Redemption Reserve | - | - |
| d. Corporate Social Responsibility Fund | - | - |
| e. Employee Training Fund | - | - |
| f. Bonus Share Issued | - | - |
| g. Cash Dividend Paid | - | - |
| h. Others | - | (1,854,300) |
| Profit or (Loss) Before Regulatory Adjustment | 774,066,195 | 455,087,679 |
| Regulatory Adjustment: | ||
| a. Interest Receivables (-)/Previous Accrued Interest Received (+) | - | - |
| b. Short Loan Loss Provision in Accounts (-)/Reversal (+) | - | - |
| c. Short Provision for Possible Losses on Investment (-)/Reversal (+) | - | - |
| d. Short Loan Loss Provision on Non-Banking Assets (-)/Reversal (+) | - | - |
| e. Deferred Tax Assets Recognized (-)/Reversal (+) | - | - |
| f. Goodwill Recognized (-)/Impairment of Goodwill (+) | - | - |
| g. Bargain Purchase Gain Recognized (-)/Reversal (+) | - | - |
| h. Actuarial Loss Recognized (-)/Reversal (+) | - | - |
| i. Others (+/-) | - | - |
| Distributable Profit or (Loss) as at 16th July 2026 | 774,066,195 | 455,087,679 |
1.4 Key Financial Indicators
Key Financial Indicators Current Year YTD Previous Year Corresponding YTD
| Basic EPS (Annualized) | 48.04 | 26.04 |
| Diluted EPS (Annualized) | 48.04 | 26.35 |
Return on Equity (Annualized) 21.12% 14.52%
Net Worth per Share 227.46 179.43
Non-Performing Loan 1.87% 3.40%
Cost of Fund 5.77% 6.40%
Interest Rate Spread 3.39% 1.88%
Gearing Ratio (Borrowings / Equity) 4.92 4.13
Provision Coverage Ratio (Loan Loss Provision / NPL) 92.34% 76.83%
1.5 Basis of Preparation and Notes
1. These unaudited financial statements have been prepared in accordance with Nepal Financial Reporting Standards (NFRS) and the section 10.8 of directives governing hire purchase lending companies issued by Nepal Rastra Bank (NRB).
2. Loan loss provisions have been recognized at the higher of the provisioning requirement prescribed by Nepal Rastra Bank (NRB) and the Expected Credit Loss (ECL) requirement under NFRS 9.
3. Previous period figures have been regrouped, rearranged, or restated wherever necessary for the purpose of comparability.
4. These figures are unaudited and are subject to change based on the review of the Company's statutory auditor and/or directions of the Regulator.
5. This publication is made pursuant to the applicable Nepal Rastra Bank and Securities Board of Nepal disclosure requirements for licensed hire purchase lending companies.
2. Management Analysis
Operating Environment
Nepal's economy recorded moderate growth during FY2082/83, despite challenges arising from civil unrest and regional geopolitical disruptions. Private sector credit growth remained subdued at around 5.7% while the Company achieved a loan portfolio growth of 52.25% and profit growth of 84.45%, significantly outperforming the overall market. Meanwhile, Nepal Rastra Bank identified deteriorating asset quality as the banking sector's key challenge, with system-wide non-performing loans increasing from 1.31% to over 4.6% over the past three years. In contrast, the Company's non-performing loan ratio improved from 3.40% to 1.87% during the same period, demonstrating strong credit risk management and effective recovery performance.
Company Performance
Within this environment, the Company delivered strong financial performance during the quarter. The quarter experienced episodic disruptions and localized market volatility, which temporarily increased recovery intensity and collection pressures in select customer segments. Despite these pressures, our disciplined underwriting standards, early warning monitoring and focused recovery efforts have enabled us to maintain portfolio stability and protect asset quality. The loan portfolio expanded significantly by 52.25% as compared to the previous period, supported primarily by growth in the automobile segment. Profits increased by 84.45%, reflecting overall business growth and improved operational efficiency. Notably, this growth was achieved alongside an improvement in asset quality, with non-performing loans declining from 3.40% to 1.87%, and the balance sheet remains conservatively funded at a gearing of approximately 4.92 times equity - well within the Company's regulatory borrowing ceiling of 10 times net worth. The Company remains committed to strengthening asset quality, enhancing recovery mechanisms, and maintaining a balanced and diversified portfolio. We continue to focus on sustainable growth while prioritizing prudent risk management and safeguarding long-term stakeholder value.
Analysis of Interim Financial Statements
The Company reported a profit of NPR 398.72 million, a growth of 84.45%, and the overall loan portfolio stands at NPR 12,218.49 million, a growth of 52.25% in business size as compared to the corresponding previous period. This strong business growth and focused recovery effort has also improved asset quality, with non-performing loans decreasing from 3.40% to 1.87% even as the overall loan portfolio expanded significantly.
3. Details of Legal Proceedings
a) No information regarding any lawsuit by or against the Company has been filed during the period under review, except the regular cases of debt recovery.
4. Corporate Governance
The Company is committed to maintaining a high level of ethical standards, corporate governance, and compliance. The Board of Directors and management strictly comply with the regulatory norms issued by Nepal Rastra Bank (NRB) and other regulatory authorities. Further, the Company adheres to all regulatory and legal requirements and industry best practices.
नोट: कम्पनी ऐन, २०६३ को दफा ८४ तथा नेपाल राष्ट्र बैंकको हायर पर्चेज कर्जा दिने कम्पनीलाई स्वीकृति दिने नीतिगत एवम् प्रक्रियागत व्यवस्था, २०७० (चौथो संशोधन, २०८०) को नियम नं. १०.८ को प्रयोजनार्थ यस हायर पर्चेज कर्जा दिने कम्पनी हुलास फिनसर्भ हायर पर्चेज लिमिटेड (साविक हुलास फिन सर्भ लि.) को आ.व. २०८२/०८३ को चौथो त्रैमासिक संक्षिप्त आर्थिक विवरण प्रकाशन गरिएको व्यहोरा सम्बन्धित सबैको जानकारीको लागि सूचित गरिन्छ ।
