Gurans Laghubitta Earns Rs. 2.71 Crore Net Profit in Q3, Up by 20.62% Backed by Strong Interest Income

Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) has published its financial report for the third quarter of fiscal year 2081/82, showing a net profit of Rs. 2.71 crores, which is 20.62% higher than the Rs. 2.24 crores earned in the same period last year. The rise in profit was mainly due to a big jump in net interest income, which increased by 56.66% to Rs. 8.92 crores. Operating profit also rose by 39.54% and reached Rs. 4.14 crores. The cost of fund decreased to 7.29% from 9.90%, helping the company manage its expenses better.

The company’s paid-up capital grew by 14.25% to Rs. 11.58 crores, and customer deposits rose by 33.28%, reaching Rs. 40.38 crores. Loans and advances to customers also went up by 14.83% to Rs. 1.88 Arba. Staff expenses increased by 24.03%, and write-back for possible loss dropped by 73.92%.

Despite these changes, Gurans Laghubitta improved its annualized earnings per share (EPS) to Rs. 31.20 from Rs. 29.56 in the same quarter last year.

Looking at other indicators, the capital adequacy ratio slightly improved to 8.37%, but the Non-Performing Loan (NPL) ratio increased to 3.01%. The net worth per share rose by 2.11% to Rs. 146.26. At the end of Q3, the market price of the company’s shares stood at Rs. 2,939.54, with a PE ratio of 94.20 times.

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