Adarsha Laghubitta reports net profit of Rs 12.02 lakhs till Q2 of 2076/77; Borrowings of Rs 2.62 crore collected

Fri, Jan 31, 2020 12:52 PM on Financial Analysis, Latest, Stock Market,

Adarsha Laghubitta Bittiya Sanstha Limited has posted a net profit of Rs.12.02 Lakhs in the unaudited second-quarter report for the fiscal year 2076/77.

The young microfinance company posted a net interest income of Rs.72.84 lakh and a total operating income of Rs.90.49 lakh by the end of the second quarter against Rs 41.49 lakh and Rs 49.64 lakh respectively in last year's second quarter.

The company has collected deposits worth Rs.10.40 Crore while it has issued loans worth Rs.12.14 Crore till the Q2 of 2076/77. Similarly, the borrowings of the company stands at Rs.2.62 Crore.

As per the second-quarter report, the paid-up capital of the company stands at Rs.1.40 Crore with reserves of Rs.29.34 Lakhs. The company is yet to float IPO to the general public.

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