Three non-listed microfinance companies published the third quarter reports; look at the major highlights

Sun, May 19, 2019 1:59 PM on Financial Analysis, Latest, Others,
Three non-...

Sajilo Laghubitta Bittiya Sanstha Limited (SLBBSL) has reported a net profit of Rs 1.02 crore till Chaitra end of fiscal year 2075/76. It was Rs 38.89 lakh in the corresponding quarter of the previous year.

As per the third quarter report, its net interest income is reported to be Rs 2.21 crore, up from Rs 68.93 lakhs posted in the previous year.

Its deposit is Rs 6.62 crore. Likewise, it has floated loans worth Rs 59.21 crore and its borrowings have reached Rs 44.32 crore till Q3 of this fiscal year.

It's paid up capital at the end of Q3 stands at Rs 14 crore with a reserve of Rs 7.94 lakh.

Aarthik Samriddhi Laghubitta Bittiya Sanstha (ARTHIK) has published the unaudited third-quarter report for the fiscal year 2075/76.

The company has posted a paid-up capital worth Rs. 3.06 Crore. The company currently has negative reserves worth Rs. 58.03 Lakhs by the end of the third quarter with a borrowings worth Rs. 15.20 Crore compared to borrowings of Rs. 7.77 Crore posted in the corresponding quarter of the previous year.

The deposits and loans and advances stood at Rs. 5.14 Crore and Rs. 21.07 Crore respectively by the end of the third quarter of FY 2075/76.

The company posted net interest income of Rs. 63.55 Lakhs. However, the company is currently running at loss. The operating losses of the company stand at Rs. 33.30 Lakhs while the net loss stands at Rs. 21.07 Lakhs.

The microfinance currently has provision for loss of Rs. 32.92 lakhs and NPL of 0.75%.

Upakar Laghubitta Bittiya Sanstha Limited (ULBSL) has posted a net profit of Rs.1.01 Crore in the unaudited third quarter report for the fiscal year 75/76.

The young microfinance company posted net interest income of Rs.90.10 Lakhs and total operating income of Rs.1.49 Crore by the end of the third quarter of FY 75/76.

The company has collected deposits worth Rs.46.44 Crore while it has issued loans worth Rs.88.48 Crore till the month of Chaitra. As of the end of the third quarter, the borrowings of the company stands at Rs.27.35 Crore.

As per the third quarter report, the paid up capital of the company stands at Rs.4.20 Crore with reserves of Rs.4.97 Crore.