Net Profit growth of more than 600% reported by Sarathi Laghubitta; paid up capital increases to Rs.8.10 Crore

Sarathi Laghubitta Bittiya Sanstha (SARATHI) has published its unaudited report for the first quarter of 2076/77.

Sarathi has reported a phenomenal rise in net profit amounting to Rs.87.88 Lakhs from profit of Rs.11.92 Lakh in the corresponding quarter of the previous year, increasing by 637.25%.

Similarly, its net interest income stands at Rs.1.31 Crore, which was at Rs.43.78 Lakhs in Q1 of 2075/76. It has collected deposits worth Rs.22.26 Crore and disbursed loans worth Rs.85.29 Crore in Q1.

The Non-performing loan has also increased to 0.45% from 0% in the corresponding quarter of previous year.

The paid up capital of the company stands at Rs.8.10 Crore with Reserves of Rs.2.39 Crore.