Manushi Laghubitta Bittiya Sanstha Limited (MLBS) has released its unaudited financial report for the first quarter of the fiscal year 2082/83, showing a notable recovery. The microfinance institution posted a net profit of Rs. 42.91 lakh, reversing a net loss of Rs. 56.16 lakh from the same period last fiscal year.
The company’s deposit portfolio increased by 10.71%, reaching Rs. 1.12 arba, while loans and advances grew by 9.53% to Rs. 1.41 arba. Its reserves also climbed by 39.36% to Rs. 5.73 crore, although retained earnings slipped into a negative Rs. 2.05 crore, compared to a positive Rs. 1.12 crore previously.
Despite a 6.24% decline in net interest income to Rs. 2.43 crore, MLBS benefited from a sharp 60.10% drop in impairment charges to Rs. 40.43 lakh, improving profitability. However, the capital adequacy ratio fell to 8.70% (from 10.19%), and the non-performing loan (NPL) ratio rose to 6.14% (from 5.13%), signaling higher credit risk.
By the end of Q1 FY 2082/83, the institution reported:
- Earnings Per Share (EPS): Rs. 15.69
- Net Worth Per Share: Rs. 133.66
- Market Price: Rs. 1,474 per share
- P/E Ratio: 93.93 times
Major Financial Highlights (In Rs ‘000)
| Particulars | Q1 2082/83 | Q1 2081/82 | Change (%) |
|---|---|---|---|
| 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 | -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 (Rs.) | 15.69 | -20.54 | - |
| Net Worth per Share (Rs.) | 133.66 | 147.84 | -9.59% |
| Qtr End P/E Ratio (times) | 93.93 | - | - |
| Qtr End Market Price (Rs.) | 1,474.00 | - | - |
Overall, Manushi Laghubitta has demonstrated a strong financial recovery in Q1 FY 2082/83, signaling improved operational efficiency and profitability despite a slight dip in capital adequacy and a rise in NPLs.