Janasewi Laghubitta posts exceptional growth by the end of fourth quarter; net profit stands at Rs.1.46 Crore

Janasewi Laghubitta Bittiya Sanstha Limited has reported net profit of Rs 1.46 Crore in the fourth quarter for the FY 2075/76, up from Rs 38.49 lakhs posted in the Q4 of previous year.

The microfinance company has reported net interest income of Rs 4.88 crore with operating profit reported at Rs 2.29 crore, which were Rs 2.63 crore and Rs 60.48 lakh respectively in the corresponding quarter of the previous year

The paid-up capital of the company stands at Rs 14.43 crore with reserve and surplus of Rs 1.89 crore.

Till the end of the fourth quarter, the microfinance company has collected Rs 19.62 crore as deposits and lent out Rs 66.10 crore as loans and advances. The Non-Performing Loan has increased from 1.43% to 1.87% by the end of the fourth quarter.

The microfinance company is currently under merger process with Kalika Laghubitta Bittiya Sanstha Limited (KMCDB).