Grameen Swayamsewak Laghubitta reports 209% growth in net profit till Q2; Capital at Rs 4.20 crore

Grameen Swayamsewak Laghubitta Bittiya Sanstha Limited has posted a net profit of Rs.70.50 Lakhs in the unaudited second-quarter report for the fiscal year 2076/77 compared to previous years Rs 22.80 Lakhs. The profits grew by 209.24%.

The young microfinance company posted net interest income of Rs.2.92 Crore and total operating income of Rs.4.16 Crore by the end of the second quarter of FY 76/77.

The company has collected deposits worth Rs.31 Crore while it has issued loans worth Rs.71.84 Crore till the second quarter. As of the end of the second quarter, the borrowings of the company stands at Rs.42.22 Crore.

As per the second-quarter report, the paid-up capital of the company stands at Rs.4.20 Crore with Rs.58.31 Lakhs as reserves. The company is yet to issue IPO to the general public.

The non-performing loans of the microfinance company increased to 1.65% from 1.15% in the corresponding quarter of the previous year. The annualized EPS stood at Rs.33.57 and net worth per share stood at Rs.100.

Second Quarter Report