Mahalaxmi’s profit increases by 27.55%; Hamro’s by 200% in Q4 of 70/71
Fri, Jul 18, 2014 12:00 AM on Others,
ShareSansar, July 18:
Mahalaxmi Finance has earned a profit of Rs 14 crore 13 lakh 56 thousands in the fiscal year 2070/71.The company’s profit has increased by 27.55 percent as compared to last fiscal year, according to its press release.
Moreover the finance company has accumulated Rs 3 arba 81 crore in deposit and has Rs 3 arba 13 crore in loan. The company further states that the deposit has increased by 34.89 percent and the loan by 29.34 percent.
Likewise the NPL stands at 0.88 percent. Mahalaxmi Finance currently has 10 branches in total throughout the country.
Similarly, Hamro Bikas Bank earned a operating profit of Rs 2 crore 23 lakh 53 thousands in this fiscal year which the bank states is 2.02 times rise in the profit compared to last fiscal year.
The development bank has loan flow of Rs 42 crore and the deposits are Rs 54 crore which has increased by 35.25 percent in comparison to last fiscal year.
