Gurkhas Finance (GUFL) Reports Incline in Net Profit by Huge 246.97% Margin in Q2; EPS Stands At Rs. 15.47
Sun, Jan 22, 2023 10:42 AM on Latest, Financial Analysis, Stock Market,
Gurkhas Finance Limited (GUFL) reported a Net Profit of Rs. 6.71 crores; an increment of 246.97% in the second quarter of the fiscal year 2079/80. On the relevant quarter of previous year, the company had managed to earn net profit of Rs. 1.93 Crores.
Its net interest income increased to Rs. 17.35 crores till Q2 from Rs. 6.19 Crores in the corresponding quarter previous year.
The company has also reported write back of possible losses worth Rs. 5.78 crores which has also contributed towards the incline in net profit of GUFL for Q2.
The finance company has collected deposits of Rs. 7.33 Arba while it has mobilized loans and advances to customers worth Rs. 5.85 Arba till Q2 of FY 2079/2080.
Gurkhas Finance has a paid-up capital of Rs. 86.79 crores and reserve stood at Rs. 73.29 Crores.
The Earnings per Share (annualized) stood at Rs. 15.47 and net worth per share stands at Rs. 189.89.
| Particulars (In Rs '000) | Gurkhas Finance Limited | ||
| Q2 2079/80 | Q2 2078/79 | Difference | |
| Paid Up Capital | 867,993.00 | 867,993.00 | 0.00% |
| Share Premium | 22,399.27 | 22,399.27 | 0.00% |
| Retained Earnings | 24,940.98 | 18,760.37 | 32.95% |
| Reserves | 732,925.51 | 672,593.19 | 8.97% |
| Deposits | 7,339,238.63 | 7,540,749.32 | -2.67% |
| Loans & Advances to Banks and FIs | 607,082.03 | 694,601.25 | -12.60% |
| Loans & Advances to Customers | 5,851,139.03 | 5,709,796.48 | 2.48% |
| Net Interest Income | 173,597.93 | 61,929.81 | 180.31% |
| Personnel Expenses | 74,033.80 | 59,869.87 | 23.66% |
| Impairment Charges | 48,949.67 | ||
| Write off | 57,878.28 | ||
| Operating Profit | 120,779.87 | 27,650.58 | 336.81% |
| Net Profit | 67,157.10 | 19,355.41 | 246.97% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 24,940.98 | ||
| Capital Adequacy (%) | 16.55 | 17.36 | -4.67% |
| NPL (%) | 6.76 | 8.17 | |
| Cost of Fund (%) | 9.85 | 7.63 | 29.10% |
| EPS (In Rs.) | 15.47 | 4.46 | 246.97% |
| Net Worth per Share (In Rs.) | 189.89 | 182.23 | 4.21% |
| Qtr End Market Price | 579.9 | - | - |
