Ganapati Microfinance reports profit above Rs.50 Lakhs by Ashwin end; EPS stands at Rs.21.12

Ganapati Laghubitta Bittiya Sanstha Limited (GMFBS) has stated that its earned net profit of Rs.54.64 Lakhs in first quarter as compared to profit of Rs.49.39 Lakhs in the corresponding quarter of the last fiscal year 2075/76.

The microfinance company’s borrowing has increased from Rs.51.46 Crore in the corresponding quarter of the previous year to Rs.70.05 Crore in the first quarter of the fiscal year 2076/2077 and it has Rs.26.49 Crore as deposits. Its loan and advances rises from Rs.62 Crore in the corresponding quarter to Rs.99.67 Crore till Ashwin end of FY 76/77.

Its net interest income has also increased to Rs.1.96 Crore till Q1 up from Rs.1.16 Crore compared to the corresponding quarter of the last fiscal year.

Ganapati Laghubitta’s existing paid up capital is Rs.10.35 Crore. Its reserve has increased to Rs.2.21 Crore from negative Rs.98.23 Lakhs last year.

Ganapati non-performing loan has decreased to 0.82% from 1.37% as stated by the first quarter financial report.

Its annualized Earning Per Share (EPS) stands at Rs.21.12 and net worth per share stands at Rs.121.41.