Ganapati Laghubitta Reports 14.97% Rise in Net Profit in Q2 of FY 2081/82; EPS Stood at Rs. 16.30
Fri, Jan 31, 2025 10:52 AM on Latest, Financial Analysis, Company Analysis,
Ganapati Laghubitta Bittiya Sanstha Limited (GMFBS) has recorded a 14.97% surge in net profit for the second quarter of the fiscal year 2081/82. The company's net profit climbed to Rs. 1.23 crores, compared to Rs. 1.07 crores in the corresponding quarter of the previous year.
The microfinance institution saw a significant 42.94% growth in net interest income, reaching Rs. 7.5 crores. Operating profit also improved by 14.97% to Rs. 1.76 crores, supported by a reversal of impairment charges amounting to Rs. 53.37 lakh, which further boosted profitability.
Ganapati Laghubitta’s paid-up capital remained at Rs. 15.15 crores. Meanwhile, retained earnings soared by an impressive 300.37% to Rs. 83.3 lakhs, with total reserves standing at Rs. 4.02 crores. The company’s borrowings expanded by 8.22% to Rs. 1.62 Arba, while loans and advances to customers saw a modest increase of 2.79% to Rs. 2.11 Arba.
On the regulatory front, the company’s capital adequacy ratio declined by 5.61% to 8.42%. However, asset quality improved significantly, as the Non-Performing Loan (NPL) ratio fell by 11.37% to 4.13%. Additionally, the cost of funds decreased by 20.59% to 8.33%, easing financial pressure.
Key financial indicators remained stable, with annualized Earnings Per Share (EPS) standing at Rs. 16.30, reflecting the 14.97% profit growth. However, net worth per share dipped by 9.99% to Rs. 132.08. As of the quarter’s end, GMFBS shares were trading at Rs. 1,730, with a Price-to-Earnings (P/E) ratio of 106.15.
Major Financial Highlights:
* Figure is of Immediate Fiscal Year Ending
| Particulars (In Rs '000) | Ganapati Laghubitta | ||
|---|---|---|---|
| Q2 2081/82 | Q2 2080/81 | Difference | |
| Paid Up Capital | 151,554.53 | 151,554.53* | 0.00% |
| Share Premium | 0.00 | 0.00* | - |
| Retained Earnings | 8,330.24 | 2,080.62* | 300.37% |
| Reserves | 40,282.38 | 68,757.97* | -41.41% |
| Borrowings | 1,620,501.99 | 1,497,376.72* | 8.22% |
| Loans & Advances to Customers | 2,117,351.50 | 2,059,863.80* | 2.79% |
| Net Interest Income | 75,083.21 | 52,529.11 | 42.94% |
| Personnel Expenses | 51,035.71 | 48,075.07 | 6.16% |
| Impairment Charges | -5,337.87 | -13,285.90 | - |
| Operating Profit | 17,643.02 | 15,346.16 | 14.97% |
| Net Profit | 12,350.11 | 10,742.31 | 14.97% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 8,330.24 | 0.00 | - |
| Capital Adequacy (%) | 8.42 | 8.92 | -5.61% |
| NPL (%) | 4.13 | 4.66 | -11.37% |
| Cost of Fund (%) | 8.33 | 10.49 | -20.59% |
| Annualized EPS (In Rs.) | 16.30 | 14.18 | 14.97% |
| Net Worth per Share (In Rs.) | 132.08 | 146.74 | -9.99% |
| Qtr end PE Ratio (times) | 106.15 | - | - |
| Qtr End Market Price | 1730 | - | - |
