Trilok Laghubitta's net profit till Q1 2076/77 at Rs 70.41 lakh; Company under talks of merger with Suryodaya Laghubitta
Fri, Oct 25, 2019 12:50 PM on Financial Analysis, Latest, Stock Market,
Trilok Laghubitta Bittiya Sanstha Limited has published its first quarter report for the FY 2076/77 with net profit of Rs 70.41 lakh. The profit has increased from loss of Rs 14.53 lakhs in the corresponding quarter last FY.
The deposits of the microfinance company amounts Rs 18.17 crore and the microfinance floated loans of Rs 77.03 crore till the end of first quarter.
The borrowings of the microfinance increased to Rs 55.98 crore from the previous year’s figure of Rs 19.58 crore.
The paid up capital of the company stands at Rs 6.09 crore with Rs 1.14 crore in the reserve and surplus.
The microfinance company is currently in the process of merger with Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS). The name of the merged entity will be Suryodaya Laghubitta Bittiya Sanstha Limited and the head office will be located at Pokhara in Gandaki Province.
Major highlights
| Particulars (In Rs '000) | Trilok Laghubitta | ||
|---|---|---|---|
| Q1 2076/77 | Q1 2075/76 | Difference | |
| Paid Up Capital | 60,953 | 30,100 | 102.50% |
| Reserve & Surplus | 11,422 | (7,200) | -258.62% |
| Borrowings | 559,838 | 195,835 | 185.87% |
| Deposits | 181,781 | 32,115 | 466.02% |
| Loans & Advances | 770,314 | 233,034 | 230.56% |
| Net Interest Income | 15,212 | 1,663 | 814.52% |
| Staff Expenses | 6,814 | 3,721 | 83.14% |
| Provision for possible losses | 1,252 | 1,376 | -9.01% |
| Operating Profit | 11,053 | (1,453) | -860.70% |
| Net Profit | 7,041 | (1,453) | -584.63% |
| Capital Adequacy (%) | 10.02 | 10.37 | -3.38% |
| Cost of Fund (%) | 10.52 | 12.19 | -13.70% |
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