Gurans Laghubitta post exceptional growth in the net profits for Q3 of FY 75/76; company to go public on Baisakh 16

Gurans Laghubitta Bittiya Sanstha (GLBSL) has published the unaudited quarterly report for the third quarter (Q3) of FY 2075/76.

The paid-up capital of the non-listed microfinance company stands at Rs.5.25 Crore till the month of Chaitra of this fiscal year. The company has reserves of Rs.52.32 Lakh from the negative reserve of Rs.94.42 Lakhs in the previous year's corresponding quarter.

The borrowings stand at Rs.50.89 Crore and the deposits stand at Rs.9.05 Crore while the loans and advances stand at Rs.61.36 Crore.

The net interest income grew from Rs.1.18 Crore to Rs.2.17 Crore from the corresponding quarter of last FY 2074/75 to current FY 2075/76. The company posted an operating profit of Rs.90.99 Lakhs and a net profit of Rs.69.07 Lakhs in Q3.

The NPL grew from 1.84% in the corresponding quarter of the previous year to 3.49% with the CD Ratio of 677.98%. The company will be going public via IPO as it will be offering 2.50 Lakh units of shares to the general public from Baisakh 16^th, 2076.