Gurans Laghubitta (GLBSL) Publishes Q4 Report with Reduced Net Profit of Rs. Rs. 28.53 Lakhs
Thu, Aug 3, 2023 8:47 AM on Latest, Financial Analysis,
Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) has published its fourth quarter report for the recently concluded financial year 2079-80 with a considerable decrease in Net profit by 31.07 percent. In the last quarter of the financial year 2079-80, the company earned Rs. 28.53 lakhs while in the corresponding quarter of the FY 2078-79, the company had earned Rs. 41.39 lakhs.
Both Net Interest Income and Operating profit of the company have declined by 17.14 and 32.83 percent, respectively. As of FY 2079-80 last quarter, the company has made Rs.5.59 crores and 44.74 lakhs in core business revenue and Operating Profits, respectively.
The Earnings per Share (EPS) of the microfinance company stands at Rs. 2.81 after a comparative decline of 31.07 percent, while its shares have a Net worth of Rs. 120.26.
There is a negligible decline in the Staff expenses totaling Rs. 5.17 crores up to the last quarter of the recently concluded financial year 2079-80.
The Non-performing loan (NPL) of the company has improved slightly at 4.63 percent from 4.94 percent in the last quarter of FY 2078-79.
The financial institution has Rs. 10.14 crores as paid-up capital and Rs. 2.05 crores in the form of reserves and surplus.
Major Financial Highlights:
| Particulars (In Rs '000) | Gurans Laghubitta | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 101,400.00 | 101,400.00 | 0.00% |
| Reserves and Surplus | 20,540.92 | 20,256.00 | 1.41% |
| Borrowings | 813,394.94 | 848,326.00 | -4.12% |
| Deposits | 308,837.24 | 294,981.00 | 4.70% |
| Loans & Advances to Customers | 1,228,220.62 | 1,239,031.00 | -0.87% |
| Net Interest Income | 55,938.02 | 67,511.00 | -17.14% |
| Staff Expenses | 51,715.09 | 52,067.00 | -0.68% |
| Impairment Charges | 2,093.71 | 5,417.00 | -61.35% |
| Operating Profit | 4,474.38 | 6,661.00 | -32.83% |
| Net Profit | 2,853.47 | 4,139.45 | -31.07% |
| Capital Adequacy (%) | 9.12 | 8.83 | 3.28% |
| NPL (%) | 4.63 | 4.94 | -6.28% |
| Cost of Fund (%) | 11.54 | 10.62 | 8.66% |
| EPS (In Rs.) | 2.81 | 4.08 | -31.07% |
| Net Worth per Share (In Rs.) | 120.26 | 119.98 | 0.23% |
| Base Rate (%) | 18.19 | ||
| Qtr End Market Price | 738 | - | - |
