Young microfinances start taking leap in profit margin; Janasewi Laghubitta posts Rs 79.25 lakh as profit in Q2 up from just Rs 18 lakh last year

Janasewi Laghubitta has improved its financial performance by earning a profit of Rs 79.25 lakh by the end of second quarter of the current fiscal year. Last year in the same review period, the microfinance had posted a profit of Rs 18  lakh.

The microfinance has already begun a process to issue IPO shares of Rs 4.53 crore to general public and is waiting to get SEBON’s nod.

The young microfinance from Parbat, has its presence in 10 districts through 25 branches so far and has Rs 14.43 crore as paid up value.