Adhikhola Laghbitta publishes second quarter report for 2076/77; Net profit at Rs 88.66 lakh

Adhikhola Laghubitta Bittiya Sanstha Limited (AKBSL) has reported an increase in net profit in the second quarter of the fiscal year 2076/77.

According to the unaudited financial report for the second quarter published today, the microfinance has stated that its net profit increased to Rs.88.66 lakh in the second quarter as compared to Rs. 45.58 Lakhs in the corresponding quarter of the last fiscal year 2075/76.

Its deposits have increased to reach Rs.26.58 Crore in the second quarter of the fiscal year 2076/77 from Rs.15.94 Crore in the corresponding quarter of the previous fiscal year. It has floated loans of Rs.70 Crore in the second quarter of fiscal year 2076/77.

The borrowing of the microfinance has increased from Rs.39.98 Crore in the corresponding quarter of the previous year to Rs.41.88 Crore in the second quarter of the fiscal year 2076/77.

Its net interest income has also increased to Rs.3.24 Crore in the Q2 up from Rs.1.56 Crore compared to the corresponding quarter of the last fiscal year.

Adhikhola Laghubitta’s paid up capital stand at Rs.10 Crore and reserve and surplus is Rs.2.91 Crore in the second quarter of FY 2076/77. The NPL by the end of the second quarter stood at 4.62%.

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Second Quarter Report