Global IME Laghubitta Reported Decline In Net Profit By 58.15% in Q1; EPS at Rs. 19.36 & NPL at 2.73%
Mon, Nov 7, 2022 11:57 AM on Latest, Financial Analysis, Stock Market,
Global IME Laghubitta Bittiya Sanstha (GILB) published its First-quarter report of FY 2079/2080 with a decline in Net Profit by 58.15%. As per the report published by the company, the net profit declined to Rs. 2.67 crores as compared to Rs. 6.39 crores in the corresponding quarter of the previous year.
The deposits of the company increased by 3.28% to Rs. 3.05 Arba which was Rs. 2.961 Arba in the corresponding quarter of the previous year. The company’s loans and advances have also increased by 1.90% to 8.48 Arba in this quarter.
The net interest income (core revenue) has decreased by 13.83 % to Rs. 13.68 crores compared to Rs. 15.87 crores in the corresponding quarter of the previous year.
The paid-up capital of the company remains at Rs. 55.25 crores in this quarter as well and its reserve and surplus stood at Rs. 54.82 crores which is an increase of 5.11% in this quarter.
Its annualized earnings per share (EPS) stand at Rs. 19.36. The net worth per share is Rs. 199.22 and the company traded at a P/E multiple of 60.17 times.
Major Financial Highlights
| Particulars (In Rs '000) | Global IME Laghubitta | ||
|---|---|---|---|
| Q1 2079/80 | Q1 2078/79 | Difference | |
| Paid Up Capital | 552,589.33 | 552,589.33 | 0.00% |
| Reserve & Surplus | 548,286.44 | 521,651.54 | 5.11% |
| Borrowings | |||
| Deposits | 3,058,255.88 | 2,961,270.61 | 3.28% |
| Loans & Advances | 8,481,082.63 | 8,323,097.39 | 1.90% |
| Net Interest Income | 136,806.91 | 158,767.16 | -13.83% |
| Personnel Expenses | 73,965.67 | 72,849.45 | 1.53% |
| Provision for possible losses | 38,475.99 | 28,193.59 | - |
| Operating Profit | 38,347.77 | 91,297.71 | -58.00% |
| Net Profit | 26,746.73 | 63,908.40 | -58.15% |
| Capital Adequacy (%) | 12.27 | 11.69 | 4.96% |
| NPL (%) | 2.73 | 2.57 | - |
| Cost of Fund (%) | 9.27 | 6.23 | 48.80% |
| EPS (In Rs.) | 19.36 | 46.26 | |
| Net Worth per Share (In Rs.) | 199.22 | 194.40 | 2.48% |
| Qtr end PE Ratio (times) | 60.17 | - | - |
| Qtr End Market Price | 1165 | - | - |
