Ganapati Laghubitta’s Profit Tanks As Cost Of Fund Climbs To 10.99 Percent

May 5, 2022 | Investopaper

Ganapati Laghubitta Bittiya Sanstha Limited (GMFBS) has posted a net profit of Rs 1.31 crores in the nine months of the current fiscal year 2078/79. As per the unaudited report, the profit has declined by 48 percent as compared to the corresponding period of the previous fiscal year. In the previous fiscal year, the microfinance had earned Rs 2.54 crores in net profit until the third quarter.

The decline in profit is due to the fall in net interest income as well as increase in the operating expenses. Likewise, the company has maintained Rs. 4.13 crores as provision for possible losses.

The table below presents the performance of Ganapati Laghubitta until the third quarter of the fiscal year 2078/79.

Ganapati Laghubitta (GMFBS): Q3 Report Summary, FY 2078/79

Financial Indicators Q3, F.Y. 2078/79 Q3, F.Y. 2077/78 Percent Change
Paid up capital (Rs.’crores’) 15.15 12.73 19.01
Reserve and Surplus (Rs.’ crores’) 4.24 3.98 6.53
Borrowings (Rs.’Arba’) 1.48 0.97 52.58
Deposits (Rs.’Arba’) 0.55 0.42 30.95
Loans & Advances (Rs.’Arba’) 2.19 1.52 44.08
Net Interest Income (Rs.’crores’) 9.22 9.47 -2.64
Operating Profit (Rs. ‘crores’) 0.68 2.17 -68.66
Net Profit (Rs.’crores’) 1.31 2.54 -48.43
Non Performing Loans, NPL (%) 2.63 2.69 -2.23
Cost of Funds (%) 10.99 6.24 76.12
Earnings Per Share, EPS (Rs.) 11.57
Networth Per Share ( Rs.) 128
Market Price Per Share (Rs.) [Chaitra end, 2078 BS] 1121
P/E Ratio 96.89

Source: Unaudited Q3 Report, FY 2078/79


Note:

The above figures are based on the un-audited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.

To see the reports of other companies, CLICK HERE.

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