Gharelu Laghubitta publishes Q2 report after first AGM; Net profit of Rs 12.68 lakh reported

Wed, Jan 29, 2020 12:13 PM on Financial Analysis, Latest, Stock Market,

Gharelu Laghubitta Bittiya Sanstha has published its second-quarter highlights of FY 2076/77.

According to the report published today, it net profit stands at Rs 12.68 lakh up from Rs 7.67 lakh of Q1 of this FY.

Its paid-up capital stands at Rs 7.03 crore with negative reserves and surplus of Rs 21.45 lakh. The microfinance has been able to collect borrowings of Rs 14.23 crore and deposits of Rs 3.10 crore till Q2 of 2076/77.

Likewise, it has floated loans and advances pf Rs 18.82 crore and has earned net interest income of Rs 66.62 lakh.

The operating profit and net profit of the microfinance stands at Rs 12.68 lakh. It's capital adequacy ratio fares well at 33.58%.

Quarterly Report