Ganapati Microfinance reports net profit of Rs 1.51 crore in Q2; Sadhana Laghubitta's profit crosses Rs 50 lakh

Ganapati Microfinance Bittiya Sanstha Limited has published second quarter report for the FY 2075/76.

As per the financial report published today, the microfinance company reported net profit of Rs 1.51 crore in the second quarter. In the corresponding quarter of the FY 2074/75, the company had reported net loss of Rs 68.45 lakh.

The company was able to collect Rs 17.39 crore deposit and float loans and advances worth Rs 66.69 crore. Borrowings amounted to Rs 45.80 crore in the second quarter of the current fiscal year.

The paid up capital stands at Rs 7 crore. The capital will increase to Rs 10 crore after the issuance of 3 lakh unit IPO for the general public.

Sadhana Laghubitta Bittiya Sanstha Limited (SALBSL) has published second quarter report for the FY 2075/76.

As per the financial report published today, the microfinance company reported net profit of Rs 56.83 lakh in the second quarter. In the corresponding quarter of the FY 2074/75, the company had reported net loss of Rs 15.21 lakh.

The company was able to collect Rs 12.46 crore deposit and float loans and advances worth Rs 65.34 crore. Borrowings amounted to Rs 51.63 crore in the second quarter of the current fiscal year.

The paid up capital stands at Rs 4.90 crore.