Sarathi Laghubitta and Sabaiko Laghubitta publish financial highlights for the third quarter; both report exquisite growth in major indicators

Sarathi Laghubitta Bittiya Sanstha (SARATHI) has published its unaudited report for the third quarter of 2075/76.

Sarathi has reported a phenomenal 434% rise in net profit amounting to Rs.82.75 Lakhs from loss of Rs.24.71 Lakh in the corresponding quarter of the previous year.

Similarly, its net interest income stands at Rs.1.79 Crore, which was at Rs.13.40 Lakhs in Q3 of 2074/75. It has collected deposits worth Rs.14.90 Crore and disbursed loans worth Rs.68.82 Crore in Q3.

The Non-performing loan has also increased to 0.42% from 0.23% in the previous quarter of FY 75/76.

The paid up capital of the company stands at Rs.7 Crore with Reserves of Rs.55.18 Lakhs. Sarathi's annualized EPS stands at Rs.15.76. Since it isn't listed yet, the PE ratio can't be determined.

Similarly, Sabaiko Laghubitta Bittiya Sanstha Limited (SLBSL) has also published its third quarter report for the fiscal year 2075/76. 

The microfinance collected Rs.33.65 Crore as deposits and floated Rs.1.41 Arba as loans and advances by the end of the third quarter of the current fiscal year. The Non-Performing Loan (NPL) of the microfinance company stands at 0.19%.

It has reported its net interest income as Rs.5.04 Crore with Rs.3.44 Crore as operating profit for the third quarter.

The company has paid up capital equal to Rs.11.20 Crore and reserve of Rs.2.30 Crore.

In the third quarter of the fiscal year 2075/76, the net profit of the company has been reported to be Rs.2.19 Crore compared to a net loss of Rs.32.20 Lakhs reported in the corresponding quarter of the previous year.

Both these companies are yet to issue IPO to the general public.