Best Finance Rebounds to NPR 21.4 Million Net Profit in Q1 as NPL Declines to 9.30 Percent

3rd November 2026, Kathmandu

Best Finance Company Limited has published its unverified financial results for the first quarter of the fiscal year 2083/84 ending Mid-October 2026, marking a complete financial recovery.

Best Finance Rebounds

The finance institution earned a net profit of NPR 21.43 million during the review period, successfully turning around from a substantial net loss reported in the corresponding quarter of the previous fiscal year due to strong growth in core interest income and impairment write-backs.

Net Profit and Operational Revenue Turnaround

The return to profitability was underpinned by significant expansion in net interest income alongside the reversal of loan loss provisions.

Advertisement

• Net Profit: Reached NPR 21.43 million, recovering from a net loss of NPR 54.72 million reported in Q1 FY 2082/83.
• Net Interest Income: Expanded by 45.56 percent to NPR 46.88 million, up from NPR 32.21 million recorded in the baseline period.
• Net Fee and Commission Income: Recorded at NPR 4.25 million, compared to NPR 5.31 million in the base quarter.
• Total Operating Income: Grew by 29.37 percent to NPR 54.50 million, up from NPR 42.13 million in the prior year’s base quarter.
• Provision Reversal: Recovered NPR 21.47 million from loan loss provisions, compared to a provision expense of NPR 52.16 million in the baseline quarter.
• Operating Profit: Surged to NPR 30.52 million, turning around from an operating loss of NPR 58.48 million.
• Profit Before Tax (PBT): Stood at NPR 30.62 million, with income tax expense calculated at NPR 9.19 million.

Deposit Mobilization and Lending Activity

The institution registered steady growth in balance sheet size compared to figures recorded at the end of the previous fiscal year (Mid-July 2026).

• Total Deposit Mobilization: Rose to NPR 6.43 billion by quarter end, expanding from NPR 6.31 billion recorded at the end of the previous fiscal year.
• Total Credit and Advances: Expanded to NPR 4.37 billion, up from NPR 4.18 billion at the previous fiscal year-end.

Asset Quality Metrics and Per-Share Ratios

Enhanced asset recovery efforts resulted in reduced non-performing loans and positive earnings per share.

• Non-Performing Loan (NPL) Ratio: Dropped to 9.30 percent, down from 10.19 percent in the baseline quarter.
• Earnings Per Share (EPS): Rebounded to a positive NPR 9.63, recovering from a negative NPR 24.58 in Q1 FY 2082/83.
• Net Worth Per Share: Recorded at NPR 115.13.

For More: Best Finance Rebounds