Asha Laghubitta reported net profit of Rs.81.64 lakh in Q2

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Asha laghubitta

Asha Laghubitta Bittiya Sanstha has published second quarter report of FY 2075/76. 

As per the published report, it has reported increase in net profit to Rs.81.64 lakh in this Q2 of Fiscal year 2075/76 from loss of Rs.26.77 lakh in the same period of fiscal year 2074/75.



It has collected deposit of Rs 34.75 crore & borrowing of Rs.1.01 arba. It has floated in loan & advances of Rs.1.47 arba in the second quarter. Deposit increased by 148.99% & loan flow increased by 72.05%

Its net interest income increased to Rs.4.89 crore in Q2 from Rs.2.09 crore in the last corresponding quarter. Operating profit increased to Rs.1.06 crore from loss of Rs.27.43 lakh in the last year.

Its paid up capital is Rs.14 crore with reserves of Rs.79.39 lakh. Currently, it had issued IPO worth Rs.6.74 crore. After IPO, paid up capital will reach to Rs.20.74 corre.

Its non performing loan stands at 2.38 from 0.32% in the last year. Its cost of fund stands at 11.06%.

Annualized earning per share is Rs.11.66 and Net worth per share is Rs.105.67.