Manushi Laghubitta Swings Back to Profit in Q1 FY 2082/83; Impairment Charges Fall Sharply by 60%

Manushi Laghubitta Bittiya Sanstha Limited (MLBS) has published its unaudited financial report for the first quarter of fiscal year 2082/83, recording a net profit of Rs. 42.91 lakh, a significant turnaround from a net loss of Rs. 56.16 lakh in the same period last fiscal year.

The company’s deposit portfolio expanded by 10.71% to Rs. 1.12 arba, while loans and advances rose by 9.53% to Rs. 1.41 arba. Likewise, reserves increased by 39.36% to Rs. 5.73 crore, though retained earnings declined to a negative Rs. 2.05 crore from Rs. 1.12 crore previously.

During the review period, the net interest income fell slightly by 6.24% to Rs. 2.43 crore, while impairment charges dropped sharply by 60.10% to Rs. 40.43 lakh. The company’s capital adequacy ratio decreased to 8.70% from 10.19%, whereas the non-performing loan (NPL) ratio climbed to 6.14% from 5.13% last year.

By the end of Q1 FY 2082/83, the microfinance institution reported an Earnings Per Share (EPS) of Rs. 15.69, Net Worth Per Share of Rs. 133.66, and traded at Rs. 1,474 per share, with a P/E ratio of 93.93 times.

Report:

Major Financial Highlights:

* Figures are of the Immediate Previous Year Quarter Ending

Particulars (In Rs '000) Manushi Laghubitta
Q1 2082/83 Q1 2081/82 Difference
Paid Up Capital 109,375.00 109,375.00* 0.00%
Share Premium 0.00 0.00 -
Retained Earnings -20,494.07 11,206.69* -
Reserves 57,310.28 41,122.46* 39.36%
Deposit from Customers 1,125,459.28 1,016,548.22* 10.71%
Loans and Advances 1,414,722.87 1,291,662.24* 9.53%
Net Interest Income 24,369.65 25,992.79 -6.24%
Personnel Expenses 19,300.75 21,588.08 -10.60%
Impairment Charges 4,043.53 10,133.10 -60.10%
Operating Profit 6,127.35 -5,616.13 -
Net Profit 4,291.03 -5,616.13 -
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments  -20,494.07 0.00 -
Capital Adequacy (%) 8.70 10.19 -14.62%
NPL (%) 6.14 5.13 19.69%
Cost of Fund (%) 7.61 8.14 -6.51%
EPS (In Rs.) 15.69 -20.54 -
Net Worth per Share (In Rs.) 133.66 147.84 -9.59%
Qtr end PE Ratio (times) 93.93 - -
Qtr End Market Price 1474.00 - -