August 2, 2021 | Investopaper
Global IME Laghubitta Bittya Sanstha Limited (GILB) has reported decent growth in the performance in the fiscal year 2077/78 as compared to the previous fiscal year. As per the unaudited fourth quarterly report, the net profit has climbed by 283 percent to Rs 22.76 crores. The company’s net interest income grew by 83 percent to Rs 45.31 crores. Likewise, the operating profit surged by 241 percent to Rs 31.32 crores.
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The summarized version of the fourth-quarterly (Q4) report is shown in the table below:
Global IME Laghubitta Report Summary, FY 2077/78
|Financial Indicators||Q4, FY 2077/78||Q4, 2076/77||Percent Change|
|Paid-up capital (Rs. ‘crores’)||43.17||33.08||30.50|
|Reserve and Surplus (Rs. ‘crores’)||34.54||7.04||390.63|
|Borrowings (Rs. ‘Arba’)||3.43||2.57||33.46|
|Deposits (Rs. ‘Arba’)||2.13||1.31||62.60|
|Loans & Advances (Rs. ‘Arba’)||6.12||3.47||76.37|
|Net Interest Income (Rs. ‘crores’)||45.31||26.26||72.54|
|Operating Profit (Rs. ‘crores’)||31.32||9.18||241.18|
|Net Profit (Rs. ‘crores’)||22.76||5.94||283.16|
|Non Performing Loans, NPL (%)||2.66||1.94||37.11|
|Cost of Funds (%)||5.94||10.05||-40.90|
|Earnings Per Share, EPS (Rs.)||52.73|
|Networth Per Share ( Rs.)||180.02|
|Market Price Per Share (Rs.) [Ashad end, 2078 BS]||2815|
The above figures are based on the unaudited 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.
Note: If you want to see the reports of other companies, Click Here.
Paid-up Capital and Reserve
As of Ashad’s end 2078 BS, Global IME Laghubitta has a paid-up capital of Rs. 43.17 crores. The capital has grown by 30.50 percent in a fiscal year. At the end of 2076/77, the paid-up capital stood at Rs. 33.08 crores.
Similarly, the reserve has increased by 390 percent to Rs. 34.54 crores. In the same period of the previous year, the company’s reserve was only Rs. 7.04 crores.
Borrowings, Deposits, And Loans
Global IME Laghubitta has borrowed Rs.3.43 Arba. Likewise, the microfinance has collected the total deposits of Rs 2.13 Arba.
Similarly, It has provided loans and advances of Rs. 6.12 Arba, up from Rs. 3.47 Arba. This is a growth of 76 percent in a fiscal year.
Net Interest Income and Net Profit
Global IME Laghubitta has earned Rs 45.31 crores in net interest income in the fiscal year 2077/78. The net interest income has surged by 72.50 percent. The company had earned Rs. 26.26 crores in the previous fiscal year as net interest income.
Similarly, the net profit has grown by 283 percent. The net profit stands at Rs 22.76 crores which was Rs. 5.94 crores during the same period of the previous fiscal year.
NPL and Cost of Fund
The Non-Performing Loans (NPL) has increased to 2.66 percent. NPL stood at 1.94 percent in the end of the previous fiscal year. However, the cost of the fund has declined to 5.94 percent from 10.05 percent in the previous year.
EPS, Networth per share, Market Price Per Share, and P/E ratio
Global IME Laghubitta has an Earnings Per Share (EPS) of Rs. 52.73 in the fiscal year 2077/78. Likewise, per share net-worth of the microfinance stands at Rs. 180.02
The market share price at the end of Ashad 2078 BS is Rs. 2815 which gives the stock the P/E ratio of 53.39. This indicates that the stock is relatively overpriced as compared to its earnings.