Hulas Finserv Hire Purchase reports 65.35 pc profit growth as loan book reaches Rs 10.28bn

KATHMANDU: Hulas Finserv Hire Purchase (formerly Hulas Finserv) has reported strong financial results for the third quarter of fiscal year 2025/26, with significant gains in profit and loan growth, according to its unaudited interim statement.

The company posted a net profit of Rs 241.34 million for the quarter, a rise of 65.35% compared with the same period in the previous fiscal year.

Total loan assets reached Rs 10.28 billion, reflecting a 75.10% expansion in business size over the review period.

The firm reported an improvement in asset quality, with the non-performing loan (NPL) ratio falling from 4.22% to 2.74% despite rapid growth in lending.

Hulas Finserv Hire Purchase attributed the results to business expansion combined with effective loan recovery and risk management measures, and reiterated its commitment to balanced and sustainable growth, strengthened loan recovery mechanisms, effective risk management, and protecting the long-term interests of its stakeholders.