Non Listed microfinance companies improving their performance; See the highlights of Asha Laghubitta and Sabaiko Laghubiita based on the fourth quarter report

Asha Laghubitta Bittiya Sanstha (ASHA) has reported increase in its net profit along and deposits for the fourth quarter of the fiscal year 2074/75.

Asha Laghubitta Bittiya Sanstha (ASHA) has published unaudited financial report for the fourth quarter today.  It has stated that net profit has been increased to 1.10 crore in fourth quarter of fiscal year 2074/75 from loss of Rs 1.38 crore reported in the corresponding quarter of the previous fiscal year 2073/74.

The finance company has borrowings of Rs 89.72 crore. Likewise, it extended loans of Rs 1.27 arba up from Rs 38.72 crore of the corresponding quarter. It has collected deposits of Rs 25.72 crore in the fourth quarter of the current fiscal year. It has paid up capital of Rs 14 crore with reserve of Rs 16,670 in the Q4.

ASHA’s net interest income has increased from Rs 95 lakh in the corresponding quarter last year to Rs 3.68 crore in the fourth quarter of fiscal year 2074/75.

Its non-performing loan (NPL) has increased to 0.78% in the last quarter. Currently, Net worth per share stands at Rs 100.01 and EPS stands at Rs 7.88.

Sabaiko Laghubitta Bittiya Sanstha Limited (SLBSL) has also published its fourth quarter report for the fiscal year 2074/75. 

The microfinance collected Rs 11.64 crore as deposits and floated Rs 65.04 crore as loans and advances.

It has reported its net interest income as Rs 1.93 crore Rs 17.92 lakh as operating profit for the fourth quarter.

The company has paid up capital equal to Rs 11.20 crore and reserve of Rs 12.90 lakh.

In the third quarter of the fiscal year 2074/75, the net profit of the company has been reported to be Rs 11.40 lakh.