Despite Growth In Core Business Revenue In Q3, Global IME Laghubitta Reported Decline In Net Profit
Mon, Apr 18, 2022 7:42 AM on Latest, Company Analysis,
Global IME Laghubitta Bittiya Sanstha (GILB) published its third-quarter report of FY 2078/2079 with a decline in Net Profit by 3.19%. As per the report published by the company, the net profit declined to Rs. 20.48 crores as compared to Rs. 21.57 crores in the corresponding quarter of the previous year.
The borrowings of the company increased by 47.78% to Rs. 4.65 Arba which was Rs. 3.14 Arba in the corresponding quarter of the previous year. The company’s loans and advances have also increased by 71.64% to 7.69 Arba in this quarter.
The net interest income (core revenue) has increased by 32.58% to Rs. 43.39 crores compared to Rs. 32.72 crores in the corresponding quarter of the previous year.
The paid-up capital of the company increased to Rs. 55.25 crores in this quarter and its reserve and surplus stood at Rs. 42.06 crores which is an increase of 51.22% in this quarter.
Its annualized earnings per share (EPS) stand at Rs. 49.42. The net worth per share is Rs. 176.13 and the company traded at a P/E multiple of 29.72 times.
Financial Highlights:
|
Particulars |
Global IME Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q3, 2078/2079 |
Q3, 2078/2079 |
Difference |
|
|
Paid-Up Capital |
552,589.33 |
330,884.23 |
67.00% |
|
Reserve & Surplus |
420,691.78 |
278,190.03 |
51.22% |
|
Deposits |
2,702,878.35 |
1,733,766.70 |
55.90% |
|
Borrowings |
4,583,775.40 |
3,231,064.52 |
41.87% |
|
Loans and Advances |
8,235,986.58 |
4,872,433.96 |
69.03% |
|
Net Interest Income |
433,947.67 |
327,298.13 |
32.58% |
|
Provision for possible losses |
16,733.76 |
42,848.95 |
- |
|
Operating Profit |
325,124.08 |
257,935.88 |
- |
|
Write Back of provision for possible losses |
0.00 |
77,897.06 |
- |
|
Net Profit |
204,828.17 |
211574.12 |
-3.19% |
|
CD Ratio (%) |
312.89% |
281.03% |
- |
|
NPL (%) |
1.98% |
2.32 |
- |
|
Cost of Fund (%) |
8.97% |
5.30% |
- |
|
Annualized EPS (In Rs.) |
49.42 |
63.94 |
-22.71% |
|
Net Worth per share (In Rs.) |
176.13 |
184.07 |
-4.32% |
|
Price to Earnings Ratio (times) |
29.72 |
- |
- |
