Kathmandu : Hulas Finserv Hire Purchase Ltd. has posted a strong financial performance for the second quarter of FY 2082/83, reporting a 99 percent increase in net profit compared to the same period last year, despite a challenging operating environment.
According to the company’s unaudited financial results for the quarter ended Poush 30, 2082 (January 14, 2025), net profit reached NPR 134.44 million, up from NPR 67.44 million in the corresponding quarter of the previous fiscal year.
The company’s loan and advance portfolio more than doubled, expanding to NPR 10.648 billion, a growth of over 100 percent compared to corresponding period. Hulas Finserv recorded interest income of NPR 417.70 million, marking a 220.07 percent increase, while improved cost efficiency and disciplined risk management helped maintain healthy margins. Operating profit rose to NPR 219.91 million, reflecting strong operational performance.
Importantly, the company also reported an improvement in asset quality, with its non-performing loan (NPL) ratio declining to 3.05 percent from 4.68 percent a year earlier, supported by enhanced recovery and credit monitoring mechanisms.
Key performance indicators showed notable improvement, with annualized earnings per share (EPS) rising to NPR 32.39, return on equity (ROE) increasing to 16.56 percent, and net worth per share reaching NPR 195.62. In its management commentary, the company stated that it successfully navigated sector-wide challenges and external disruptions by focusing on portfolio quality, operational efficiency, and sustainable growth
The company reaffirmed its commitment to strengthening asset quality, expanding responsible lending, and safeguarding long-term value for shareholders and stakeholders.
