Sabaiko Laghubitta posts net profit of Rs.97.68 Lakhs for Q1; Rastra Utthan Laghubitta and Sajilo Laghubitta post decent growth

Sabaiko Laghubitta Bittiya Sanstha Limited (SLBSL) has published its first quarter report for the fiscal year 2076/77. 

The microfinance collected Rs.49.49 Crore as deposits and floated Rs.1.72 Arba as loans and advances by the end of the first quarter of the current fiscal year. The Non-Performing Loan (NPL) of the microfinance company stands at 0.68%.

It has reported its net interest income as Rs.3.23 Crore with Rs.1.53 Crore as operating profit for the first quarter. The company has paid up capital equal to Rs.18.64 Crore and reserve of Rs.1.89 Crore.

In the first quarter of the fiscal year 2076/77, the net profit of the company has been reported to be Rs.97.68 Lakhs compared to a net profit of Rs.41.60 Lakhs reported in the corresponding quarter of the previous year.

Rastra Utthan Laghubitta Bittiya Sanstha Limited has posted a net profit of Rs.24.94 Lakhs in the unaudited first quarter report for the fiscal year 76/77.

The young microfinance company posted net interest income of Rs.2.33 Crore and total operating income of Rs.3.45 Crore by the end of the first quarter of FY 76/77.

The company has collected deposits worth Rs.53.10 Crore while it has issued loans worth Rs.1.09 Arba till the month of Ashwin. As of the end of the first quarter, the borrowings of the company stands at Rs.50.38 Crore.

As per the first quarter report, the paid up capital of the company stands at Rs.17.50 Crore with Rs.1.74 Crore as reserves.

The microfinance institution with issued capital of Rs.26 Crore will issue Rs.8.50 Crore shares to general public as IPO in a near future, as per the institution in its media statement.

Sajilo Laghubitta Bittiya Sanstha Limited (SLBBSL) has reported a net profit of Rs.16.57 Lakhs till Ashwin end of fiscal year 2076/77. It was Rs.10.72 Lakhs in the corresponding quarter of the previous year.

As per the first quarter report, its net interest income is reported to be Rs.1.48 Crore, up from Rs.46.72 Lakhs posted in the previous year.

Its deposit is Rs.12.15 Crore. Likewise, it has floated loans worth Rs.90.49 Crore and its borrowings have reached Rs.78.67 Crore till Q1 of this fiscal year.

It's paid up capital at the end of Q1 stands at Rs.14 Crore with a reserve of Rs.1.50 Crore.