Asha Laghubitta publishes Q2 report with profit of Rs. 81.65 lakhs; EPS and Net worth stand at Rs. 11.66 and Rs. 106.57 respectively

Asha Laghubitta Bittiya Sanstha (ASHA) has reported massive increases in its net profit and deposits for the second quarter of the fiscal year 2075/76.

Asha Laghubitta has published an unaudited financial report for the second quarter today. It has stated that net profit has been increased to Rs. 81.65 lakh in Q2 of fiscal year 2075/76 from loss of Rs 26.77 lakh reported in the corresponding quarter of the previous fiscal year 2074/75.

The finance company has borrowings of Rs 1.01 arba. Likewise, it has extended loans to Rs 1.46 arba up from Rs 85.34 crore of the corresponding quarter. The collection of deposits reaches to Rs 34.75 crore in this quarter with respect to the same quarter of the previous fiscal year.

It has paid up capital of Rs 14 crore with a reserve of Rs 79.35 lakh in the Q2.

ASHA’s net interest income has increased from Rs 2.09 crore in the corresponding quarter of FY 2074/75 to Rs 4.90 crore in the second quarter of FY 2075/76.

Its non-performing loan (NPL) has increased to 2.38% in Q2 from 0.32% in last year’s corresponding year which is the increment of 643.75%. Currently, annualized EPS stands at Rs 11.66 and Net worth per share stands at Rs 105.67.

The company has recently floated 6.74 lakh units IPO shares, afterwards its paid up capital will reach Rs 20.74 crores.