Sadhana Laghubitta net profit increases to Rs.1.61 Crore after acquisition of Aarthik Samriddhi Laghubitta; other indicators suggest decent growth

Sadhana Laghubitta Bittiya Sanstha Limited has published fourth quarter report for the FY 2075/76.

As per the financial report published today, the microfinance company reported net profit of Rs.1.61 Crore in the fourth quarter. In the corresponding quarter of the FY 2074/75, the company had reported net profit of Rs.41.93 Thousand. The net interest income of the microfinance company stood at Rs.4.62 Crore which was Rs.52.22 Lakhs in the corresponding quarter of the previous year.

The company was able to collect Rs.28 Crore deposit and float loans and advances worth Rs.1.19 Arba. Borrowings amounted to Rs.84.66 Crore in the fourth quarter of the current fiscal year up from Rs.26.78 Crore posted in the corresponding quarter of the previous year.

The paid up capital stands at Rs.7.35 Crore with reserves of Rs.1.54 Crore by the end of the fourth quarter.

The microfinance company had recently acquired Aarthik Samriddhi Laghubitta at share swap ratio of 100:80. The newly form entity will also be issuing 100% right shares, as per decision made during the SGM. This will jack up the paid up capital of the company to Rs.14.70 Crore.