Aarthik Samriddhi Laghubitta publised its Q2 report showing net loss of Rs. 28.08 lakhs; Net Interest Income is Rs. 1.35 crore

Aarthik Samriddhi Laghubitta Bittiya Sanstha (ARTHIK) has published the unaudited second-quarter report for the fiscal year 2075/76.

In its short period of operation, the company has posted a paid-up capital worth Rs. 3.06 Crore. The company currently has negative reserves worth Rs. 65.04 Lakhs by the end of the second quarter with a borrowings worth Rs. 12.18 Crore compared to borrowings of Rs. 9.62 Crore posted in the first quarter.

The deposits and loans and advances stood at Rs. 3.36 Crore and Rs. 14.61 Crore respectively by the end of the second quarter of FY 2075/76.

The company posted net interest income of Rs. 1.35 crore. However, the company is currently running at loss. The operating losses of the company stand at Rs. 32.63 Lakhs while the net loss stands at Rs. 28.08 Lakhs.

The microfinance currently has provision for loss of Rs. 18.6 lakhs and NPL of 0.35%.