Hulas Finserv Hire Purchase posts 99 pc rise in Q2 net profit

KATHMANDU: Hulas Finserv Hire Purchase has posted a strong financial performance for the second quarter of fiscal year 2025/26, reporting 99% increase in net profit compared with the same period last year.

According to the company’s unaudited results for the quarter ended Poush 30, 2082 (January 14, 2025), net profit reached Rs 134.44 million, up from Rs 67.44 million in the corresponding quarter of the previous fiscal year.

The company’s loan and advance portfolio more than doubled, expanding to Rs 10.648 billion, a growth of over 100% compared with the corresponding period. Interest income rose to Rs 417.70 million, an increase of 220.07%, while operating profit climbed to Rs 219.91 million, reflecting improved cost efficiency and disciplined risk management.

Asset quality also improved, with the non-performing loan (NPL) ratio falling to 3.05% from 4.68% a year earlier, supported by enhanced recovery and credit-monitoring mechanisms.

Key performance indicators showed notable gains, with annualised earnings per share (EPS) rising to Rs 32.39, return on equity (ROE) increasing to 16.56%, and net worth per share reaching Rs 195.62.

In its management commentary, the company said it successfully navigated sector-wide challenges and external disruptions by focusing on portfolio quality, operational efficiency and sustainable growth. The firm reaffirmed its commitment to strengthening asset quality, expanding responsible lending and safeguarding long-term value for shareholders and stakeholders.