Shrijanshil Laghubitta posts net profit of Rs.61.32 Lakhs till first quarter; deposits worth Rs.53 Crore collected
Wed, Nov 6, 2019 1:15 PM on Financial Analysis, Latest,
Shrijanshil Laghubitta Bittiya Sanstha has published its financial highlights for first quarter of 2076/77.
The company has posted a net profit figure of Rs.61.32 Lakh which was Rs.2.81 Lakh in the fourth quarter of 2075/76. The profit has grown from the previous quarter and this has been resulted by a fall in provision for possible losses. The provision for possible losses has fallen from Rs.1.47 Crore to Rs.30.48 Lakhs in a period of one quarter.
The net interest income stood at Rs.3.11 Crore compared to previous quarters Rs.4.28 Crore. The microfinance's paid-up capital stands at Rs.7 Crore with Rs.5.18 Crore in reserves.
It has collected deposits worth Rs.52.99 Crore and floated loans and advances worth Rs.1.19 Arba. Similarly, it has borrowings worth of Rs.60.26 Crore.
