Support Laghubitta Shows Strong Q3 Growth with 148% Surge in Net Profit
Author
NepseTrading
Support Laghubitta Bittiya Sanstha has delivered an impressive performance in the third quarter of fiscal year 2081, posting a net profit of NPR 30.64 million, a staggering 148.37% growth compared to the same period last year.
Financial Growth Highlights
Paid-up Capital rose by 28.57%, reaching NPR 122.44 million, reflecting the institution's stronger capital base.
Reserve and Surplus increased by 11.62%, indicating a steady buildup of internal financial strength.
Although Borrowings saw a minor dip of 0.71%, the Deposits surged by 22.50%, a sign of growing public trust and outreach.
Lending & Income
Loan and Advances increased by 6.39%, now totaling NPR 1.84 billion, which suggests healthy credit growth.
Net Interest Income shot up by a massive 77.47%, reaching NPR 87.28 million—driven likely by efficient interest margin management.
Total Operating Income jumped 55.96%, reflecting overall operational improvements.
Profitability Boost
The company reported an Operating Profit of NPR 46.57 million, up by a huge 249.28% from the previous year.
Write Back of Provision stood at NPR 2.08 million, while Provision for Possible Losses recorded nil—indicating stronger asset quality.
As a result, the Earnings Per Share (EPS) more than doubled to NPR 33.37 from NPR 17.28 last year.
Declines & Risks
The Non-Performing Loan (NPL) ratio improved significantly, falling to 1.64% from 3.25% last year.
Cost of Fund has come down to 7.19% from 11.91%, indicating more efficient fund management.
However, Networth Per Share dropped by 8.01%, which could reflect dividend distributions or changes in valuation metrics.
Valuation & Ratios
PE Ratio stands at 71.8, slightly lower than last year’s 77.97—signaling slightly improved valuation attractiveness.
Capital Fund to RWA ratio increased to 9.53, showcasing stronger capital adequacy.
