Shrijanshil Laghubitta reports net profit of Rs 3.04 lakh in Q4 2075/76 down from Rs 51.42 lakh in Q3; Provision for possible losses reaches Rs 1.47 crore

Shrijanshil Laghubitta Bittiya Sanstha has published its financial highlights for fourth quarter of 2075/76.

The company has posted a net profit figure of Rs 3.04 lakh which was Rs 51.42 lakh in the third quarter of 2075/76. The profit has fallen significantly from the previous quarter and this has been resulted by a drastic rise in provision for possible losses.

The provision for possible losses has risen from Rs 9.47 lakh to Rs 1.47 crore in a period of one quarter only.

The microfinance's paid-up capital stands at Rs 7 crore with Rs 4.55 crore in reserves.

It has collected deposits worth Rs 49.18 crore and floated loans and advances worth Rs 1.17 arba. Similarly, it has borrowings worth of Rs 51.28 crore.

Q4 report