Ganapati Microfinance shows good performance in the third quarter
April 23, 2019 | Investopaper
Ganapati Microfinance, which is issuing IPO to the general public from Baisakh 9, 2076 has published the third quarter report of this fiscal year. The microfinance has shown good performance in the 3rd quarter. The net profit has climbed to Rs. 2.23 crores from loss of Rs. 65 lakh in the corresponding quarter of the previous year.
The paid-up capital until the third quarter is Rs. 7 crores. After the issue of the IPO, the capital will rise to Rs. 10.35 crores. The loans and advances have grown by 73 percent to Rs. 77.92 crores. The annualized earnings per share (EPS) stands at Rs. 42.48.
The financial highlights of Ganapati Microfinance until quarter 3 of F.Y. 2075/76 is shown in the table below:
Ganapati Microfinance: Financial Highlights of 3rd Quarter, 2075/76 |
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| Headings | 3rd Qtr, F.Y. 2075/76 | 3rd Qtr, F.Y. 2074/75 | % Change |
| Paid up capital (Rs.’ crores’) | 7 | 7 | 0.00 |
| Reserve and Surplus (Rs.’ crores’) | 0.9 | -1.87 | – |
| Borrowings (Rs.’ crores’) | 54.85 | 39.32 | 39.50 |
| Deposits (Rs.’ crores’) | 20.8 | 9.81 | 112.03 |
| Loans & Advances(Rs.’crores’) | 77.92 | 45.02 | 73.08 |
| Net Interest Income (Rs.’ crores’) | 4.19 | 1.52 | 175.66 |
| Net Profit(Rs.’crores’) | 2.23 | -0.65 | – |
| Earnings Per Share, EPS(Rs.) | 42.48 | – | – |
| Non Performing Loans, NPL(%) | 0.97 | 0.03 | 3133.33 |
| Cost of the fund(%) | 10.18 | 10.51 | -3.14 |
