Gurans Laghubitta Achieves Astonishing 1448.53% Net Profit Surge in Q4 FY 2080-81; EPS Inclined to Rs. 25.61
Sun, Jul 28, 2024 8:35 AM on Financial Analysis, Company Analysis, Latest,
Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) has published its fourth quarter report for the recently concluded financial year 2080-81, showing a remarkable increase in net profit by 1448.53 percent.
The company earned Rs. 2.59 crores in the last quarter of FY 2080-81, compared to Rs. 16.76 lakhs in the corresponding quarter of FY 2079-80. Both net interest income and operating profit of the company have shown significant growth, increasing by 47.94% and 1417.65%, respectively. As of the last quarter of FY 2080-81, the company reported Rs. 8.28 crores in core business revenue and Rs. 3.6 crores in operating profits.
The annualized earnings per share (EPS) of the microfinance company stands at Rs. 25.61, while its shares have a net worth of Rs. 146.52. The company's non-performing loan (NPL) ratio has improved significantly, reducing to 2.46 percent from 6.36 percent in the last quarter of FY 2079-80.
Additionally, the financial institution has Rs. 10.14 crores as paid-up capital and Rs. 4.71 crores in reserves and surplus.
Major Financial Highlights:
| Particulars (In Rs '000) | Gurans Laghubitta | ||
|---|---|---|---|
| Q4 2080/81 | Q4 2079/80 | Difference | |
| Paid Up Capital | 101,400.00 | 101,400.00 | 0.00% |
| Reserve & Surplus | 47,168.29 | 21,979.94 | 114.60% |
| Deposits | 349,406.32 | 308,837.24 | 13.14% |
| Borrowings | 1,183,617.93 | 813,310.06 | 45.53% |
| Loans & Advances | 1,681,732.82 | 1,225,470.91 | 37.23% |
| Net Interest Income | 82,881.89 | 56,025.14 | 47.94% |
| Staff Expenses | 55,651.94 | 51,715.09 | 7.61% |
| Provision for possible losses | 0.00 | 2,617.41 | - |
| Operating Profit | 36,043.58 | 2,374.96 | 1417.65% |
| Net Profit | 25,963.59 | 1,676.66 | 1448.53% |
| EPS (In Rs.) | 25.61 | 1.65 | 1448.53% |
| Net Worth per Share (In Rs.) | 146.52 | 121.68 | 20.42% |
| Capital Adequacy (%) | 8.27 | 8.54 | -3.16% |
| NPL (%) | 2.46 | 6.36 | -61.32% |
| Cost of Fund (%) | 8.79 | 11.89 | -26.07% |
| Qtr end PE Ratio (times) | 71.12 | - | - |
| Qtr End Market Price | 1821 | - | - |
