Upakar Laghubitta registers Rs 45.63 lakh as net profit for Q1 of 2076/77; Net interest income of Rs 2.24 crore collected

Upakar Laghubitta Bittiya Sanstha Limited (ULBSL) has posted a net profit of Rs. 45.63 lakh in the unaudited first-quarter report for the fiscal year 75/76.

The young microfinance company posted net interest income of Rs. 2.24 Crore and total operating income of Rs. 60.02 lakh by the end of the first quarter of FY 75/76.

The company has collected deposits worth Rs.57.40 Crore while it has issued loans worth Rs.1 arba till Q1. As of the end of the first quarter, the borrowings of the company stands at Rs.33.17 Crore.

As per the first-quarter report, the paid-up capital of the company stands at Rs.4.20 Crore with reserves of Rs.7.03 Crore.

First Quarter Report