See the major highlights from Q1 report of Asha Laghubitta and Sabaiko Laghubitta

Asha Laghubitta Bittiya Sanstha (ASHA) has reported increase in its net profit along with deposits for the first quarter of the fiscal year 2075/76.

Asha Laghubitta Bittiya Sanstha (ASHA) has published unaudited financial report for the first quarter today.  It has stated that net profit has been increased to 26.77 lakh in first quarter of fiscal year 2075/76 from loss of Rs 37.88 lakh reported in the corresponding quarter of the previous fiscal year 2074/75.

The finance company has borrowings of Rs 99.57 crore. Likewise, it extended loans of Rs 1.40 arba up from Rs 65.96 crore of the corresponding quarter. It has collected deposits of Rs 30 crore in the first quarter of the current fiscal year.

It has paid up capital of Rs 14 crore with reserve of Rs 27.34 lakh in the Q1.

ASHA’s net interest income has increased from Rs 86.42 lakh in the corresponding quarter last year to Rs 2.12 crore in the first quarter of fiscal year 2075/76.

Its non-performing loan (NPL) has increased to 1.27% in the first quarter. Currently, Net worth per share stands at Rs 101.96 and annualized EPS stands at Rs 7.65.

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

The microfinance collected Rs 17.03 crore as deposits and floated Rs 89.87 crore as loans and advances.

It has reported its net interest income as Rs 1.16 crore with Rs 65.37 lakh as operating profit for the first quarter.

The company has paid up capital equal to Rs 11.20 crore and reserve of Rs 52.79 lakh.

In the first quarter of the fiscal year 2075/76, the net profit of the company has been reported to be Rs 41.60 lakh.