Sarathi Laghubitta reports 622% rise in net profit reaching Rs 3.11 crore; Loans worth Rs 1.28 arba

Sarathi Laghubitta Bittiya Sanstha (SARATHI) has published its unaudited report for the second quarter of 2076/77.

Sarathi has reported a phenomenal rise in net profit amounting to Rs.3.11 crore up from profit of Rs.43.12 Lakh in the corresponding quarter of the previous year, increasing by 622.75%.

Similarly, its net interest income stands at Rs.4.47 Crore, which was at Rs.1.02 crore in Q2 of 2075/76. It has collected deposits worth Rs. 34.37 Crore and disbursed loans worth Rs. 1.28 arba in Q2.

The Non-performing loan has also increased to 0.25% from 0.23% in the corresponding quarter of previous year.

The paid up capital of the company stands at Rs 11.04 Crore with Reserves of Rs.4.62 Crore.

Sarathi Laghubittta had recently merged with Satyawoti Laghubitta Bittiya Sanstha. Rastra bank had provided the final approval to the merger to begin joint transaction from Poush 04, 2076.

Quarterly Report