Ganapati Laghubitta (GMFBS) Q1 Highlights; Net Profit Increases by 154.67% , Annualized EPS at Rs. 18.19
Sun, Nov 13, 2022 1:00 PM on Latest, Financial Analysis, Stock Market,
Ganapati Laghubitta Bittiya Sanstha Limited (GMFBS) published its first-quarter report for FY 2079/2080 with a huge incline in Net Profit by 154.67%. As per the report published by the company, the net profit inclined to Rs. 68.92 Lakhs as compared to Rs. 27.06 Lakhs in the corresponding quarter of the previous year.
The borrowings of the company increased by 6.22% (compared to the immediate previous year ending) to Rs. 1.55 Arba which was Rs. 1.45 Arba in the previous year. The company’s loans and advances have also increased by 3.39% (compared to the immediate previous year ending) to 2.27 Arba.
The net interest income (core revenue) has declined by 1.62% to Rs. 3.56 crores compared to Rs. 3.62 crores in the corresponding quarter of the previous year.
The company reported impairment charges worth Rs. 51.45 Lakhs for this period.
The paid-up capital of the company increased to Rs. 15.15 crores in this quarter and its reserve and surplus stood at Rs. 6.58 crores.
The company’s annualized earnings per share stood at Rs. 18.19 whereas the net worth per share stood at Rs. 143.47. The company traded at 45.18 times its earnings.
Major Highlights:
| Particulars (In Rs '000) | Ganpati Laghubitta Bittiya Sanstha | ||
| Q1 2079/80 | Q1 2078/79 | Difference | |
| Paid Up Capital | 151,554.53 | 151,554.53 | 0.00% |
| Retained Earnings | 35,253.29 | 20,487.02 | 72.08% |
| Reserves | 30,634.23 | 29,528.78 | 3.74% |
| Borrowings | 1,550,028.31 | 1,459,245.56 | 6.22% |
| Deposits | 569,691.20 | 573,242.85 | -0.62% |
| Loans & Advances | 2,275,275.32 | 2,200,644.70 | 3.39% |
| Impairment Charges for loans and advances | 5,145.76 | 8,136.28 | -36.76% |
| Net Interest Income | 35,634.36 | 36,222.96 | -1.62% |
| Personnel Expenses | 27,389.25 | 29,830.39 | -8.18% |
| Net Profit | 6,892.69 | 2,706.54 | 154.67% |
| Net Profit available for Distribution | 5,376.30 | ||
| Capital Adequacy (%) | 9.64 | 11.79 | -18.24% |
| NPL (%) | 2.19 | 3.18 | - |
| Cost of Fund (%) | 8.46 | 7.23 | 17.01% |
| EPS (In Rs.) | 18.19 | 7.14 | 154.67% |
| Net Worth per Share (In Rs.) | 143.47 | 133.00 | 7.87% |
| Qtr end PE Ratio (times) | 45.18 | - | - |
| Qtr End Market Price | 822 | - | - |
