Manushi Laghubitta Bittiya Sanstha Limited (MLBS) has posted an unaudited net profit of Rs. 42.91 lakh for the first quarter of FY 2082/83, marking a remarkable turnaround from a net loss of Rs. 56.16 lakh in the same period last fiscal year.
The microfinance institution saw a 10.71% increase in deposits, reaching Rs. 1.12 arba, while loans and advances grew by 9.53% to Rs. 1.41 arba. Reserves rose sharply by 39.36% to Rs. 5.73 crore, although retained earnings declined to a negative Rs. 2.05 crore from Rs. 1.12 crore previously.
During the quarter, net interest income slightly decreased by 6.24% to Rs. 2.43 crore, but impairment charges fell drastically by 60.10% to Rs. 40.43 lakh, reflecting improved asset quality. The capital adequacy ratio dropped to 8.70% from 10.19%, while the non-performing loan (NPL) ratio increased to 6.14% from 5.13% last year.
By the end of Q1 FY 2082/83, MLBS reported:
- Earnings Per Share (EPS): Rs. 15.69
- Net Worth Per Share: Rs. 133.66
- Market Price: Rs. 1,474 per share
- Price-to-Earnings (P/E) Ratio: 93.93 times
Major Financial Highlights (Q1 FY 2082/83 vs Q1 FY 2081/82)
| Particulars | Q1 2082/83 (Rs ‘000) | Q1 2081/82 (Rs ‘000) | Change |
|---|---|---|---|
| Paid-up Capital | 109,375 | 109,375 | 0% |
| Retained Earnings | -20,494 | 11,207 | - |
| Reserves | 57,310 | 41,122 | +39.36% |
| Customer Deposits | 1,125,459 | 1,016,548 | +10.71% |
| Loans & Advances | 1,414,723 | 1,291,662 | +9.53% |
| Net Interest Income | 24,370 | 25,993 | -6.24% |
| Personnel Expenses | 19,301 | 21,588 | -10.60% |
| Impairment Charges | 4,044 | 10,133 | -60.10% |
| Operating Profit | 6,127 | -5,616 | - |
| Net Profit | 4,291 | -5,616 | - |
| Capital Adequacy (%) | 8.70 | 10.19 | -14.62% |
| NPL (%) | 6.14 | 5.13 | +19.69% |
| EPS (Rs.) | 15.69 | -20.54 | - |
| Net Worth per Share (Rs.) | 133.66 | 147.84 | -9.59% |
| P/E Ratio (times) | 93.93 | - | - |
| Market Price (Rs.) | 1,474 | - | - |
The Q1 results highlight MLBS’s strong recovery in profitability, improved deposit mobilization, and controlled impairment charges, signaling a positive momentum for the ongoing fiscal year.