Mahuli Laghubitta Posts Explosive 7,563% Profit Jump in Q1; Earnings and Interest Income Soar

Mahuli Laghubitta Bittiya Sanstha Limited has reported a remarkable surge in profit in the first quarter of the current fiscal year. The institution earned a net profit of NPR 34.4 million, marking an extraordinary rise of 7,563.62 percent compared to the same period last fiscal year. During the corresponding period last year, Mahuli Laghubitta had earned only NPR 449 thousand in net profit.
During this quarter, its net interest income increased by 31.90 percent to NPR 111.3 million. Likewise, the company’s net fees and commission income reached NPR 15.3 million, up from NPR 7.816 million in the same period last year. The total operating income of the institution stood at NPR 119.2 million, while its operating profit amounted to NPR 49.2 million. These indicators show significant improvement in the institution’s financial performance in the first quarter of FY 2082/83.