Sadhana Laghubitta reports net profit of Rs.1.14 Crore for the quarter end; publishes high growth in the net interest income

Tue, Apr 23, 2019 12:37 PM on Financial Analysis, Latest, Others,
Sadhana La...

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

As per the financial report published today, the microfinance company reported net profit of Rs.1.14 Crore in the third quarter. In the corresponding quarter of the FY 2074/75, the company had reported net loss of Rs.28.53 Lakh. The net interest income of the microfinance company stood at Rs.3.19 Crore which was Rs.15.80 Lakhs in the corresponding quarter of the previous year.

The company was able to collect Rs.16.81 Crore deposit and float loans and advances worth Rs.81.53 Crore. Borrowings amounted to Rs.59.94 Crore in the third quarter of the current fiscal year up from Rs.22.30 Crore posted in the corresponding quarter of the previous year.

The paid up capital stands at Rs.4.90 Crore with reserves of Rs.1.14 Crore by the end of the third quarter.