19 August 2024, Kathmandu
Manushi Laghubitta Financial Institution has reported a net profit of NPR 1.92 crore in the fourth quarter of the fiscal year 2080/81, marking a significant turnaround from the previous fiscal year.
Manushi Laghubitta Reports
In the same period of FY 2079/80, the institution recorded a net loss of NPR 4.42 crore. The positive financial performance in FY 2080/81 highlights the institution’s successful efforts in overcoming past challenges.
The financial institution reported an operating profit of over NPR 2.72 crore for the last fiscal year. Additionally, it managed to recover NPR 1.38 crore from impairment charges, further bolstering its profitability. As a result, Manushi Laghubitta’s reserve fund now stands at NPR 5.47 crore, with a share capital of NPR 10.93 crore.
Key financial indicators for the institution include earnings per share (EPS) of NPR 17.53 and a net worth per share of NPR 150.02. The institution also has a distributable profit of approximately NPR 1.43 crore, indicating a strong financial position.
As of the review period, Manushi Laghubitta has collected deposits totalling more than NPR 98.78 crore from its 33,718 members. The institution’s efforts to improve asset quality have also shown positive results, with the non-performing loan (NPL) ratio declining from 7.9 percent in FY 2079/80 to 4.46 percent in FY 2080/81. This improvement underscores the institution’s focus on maintaining a healthy loan portfolio and enhancing overall financial stability.
The positive financial performance of Manushi Laghubitta in FY 2080/81 reflects its resilience and commitment to growth, positioning it for continued success in the microfinance sector. The institution’s strong financial indicators and reduced NPL ratio demonstrate its ability to generate sustainable profits while serving its members effectively.