Sadhana Laghubitta reports 413% rise in net profit reaching Rs 76.6 lakh; Borrowings till Q1 2076/77 at Rs 1.04 arba
Tue, Nov 5, 2019 1:58 PM on Financial Analysis, Latest,
Sadhana Laghubitta Bittiya Sanstha Limited has published the first-quarter report for the FY 2076/77.
As per the financial report published today, the microfinance company reported net profit of Rs.76.63 lakh in the first quarter. In the corresponding quarter of the FY 2075/76, the company had reported net profit of Rs.14.93 lakh. The net interest income of the microfinance company stood at Rs.2.46 Crore which was Rs.66.31 Lakhs in the corresponding quarter of the previous year.
The company was able to collect Rs 32.59 Crore deposit and float loans and advances worth Rs.1.36 Arba. Borrowings amounted to Rs.1.04 Crore in the first quarter of the current fiscal year up from Rs.44.72 Crore posted in the corresponding quarter of the previous year.
The paid-up capital stands at Rs 14.6 Crore with reserves of Rs.3.41 Crore by the end of the first quarter.
Major Highlights
| Particulars (In Rs '000) | Sadhana Laghubitta | ||
|---|---|---|---|
| Q1 2076/77 | Q1 2075/76 | Difference | |
| Paid Up Capital | 146,000 | 49,000 | 197.96% |
| Reserve & Surplus | 34,111 | 2,390 | 1327.24% |
| Borrowings | 1,041,667 | 447,283 | 132.89% |
| Deposits | 325,919 | 85,616 | 280.68% |
| Loans & Advances | 1,361,934 | 507,474 | 168.38% |
| Net Interest Income | 24,602 | 6,631 | 271.01% |
| Staff Expenses | 15,772 | 6,620 | 138.25% |
| Provision for possible losses | 4,645 | 1,566 | 196.62% |
| Operating Profit | 10,542 | 2,346 | 349.36% |
| Net Profit | 7,663 | 1,493 | 413.26% |
| Capital Adequacy (%) | 13.21 | 10.51 | 25.69% |
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