Global IME Laghubitta Earns Rs 14.78 Crores in Profit (Q2 Report)
January 20, 2022 | Investopaper
Global IME Laghubitta Bittiya Sanstha Limited (GILB) has delivered a strong performance until the second-quarter of the current fiscal year 2078/79. Based on the unaudited report, the profit of the microfinance has increased by 22 percent as compared to the corresponding period of the previous fiscal year. The company earned a net profit of Rs. 14.78 crores, up from Rs. 12.09 crores in the corresponding quarter of the last year.
The profit has increased due to the rise in the net interest income by 56 percent as well as writeback of provision for possible losses. The company has earned Rs 30.37 crores as the net interest income. Likewise, it has Rs 8.40 crores as the writeback income.
As of Poush end 2078 BS, Global IME Laghubitta has a paid-up capital of Rs 55.25 crores. The company has floated loans and advances of Rs 7.69 Arba until this period.
The Annualized Earnings Per Share (EPS) is at a satisfactory Rs 53.53. Likewise, the per-share net worth is Rs. 166.13.
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The second-quarter report of Global IME Laghubitta is also summarized in the table below:
Global IME Laghubitta (GILB): Financial Highlights, Q2, FY 2078/79
| Financial Indicators | Q2, F.Y. 2078/79 | Q2, F.Y. 2077/78 | Percent Change |
| Paid up capital (Rs.’crores’) | 55.25 | 33.08 | 67.02 |
| Reserve and Surplus (Rs.’crores’) | 36.54 | 18.79 | 94.47 |
| Borrowings (Rs.’Arba’) | 4.65 | 3.14 | 48.09 |
| Deposits (Rs.’Arba’) | 2.52 | 1.59 | 58.49 |
| Loans & Advances (Rs.’Arba’) | 7.69 | 4.48 | 71.65 |
| Net Interest Income (Rs.’crores’) | 30.37 | 19.47 | 55.98 |
| Operating Profit (Rs.’crores’) | 15.07 | 13.32 | 13.14 |
| Net Profit (Rs.’crores’) | 14.78 | 12.09 | 22.25 |
| Non Performing Loans, NPL(%) | 1.95 | 3.46 | -43.64 |
| Cost of Funds (%) | 7.14 | 5.7 | 25.26 |
| Earnings Per Share, EPS(Rs.) | 53.53 | ||
| Networth Per Share ( Rs.) | 166.13 | ||
| Market Price Per Share (Rs.) [Poush end, 2078 BS] | 1845 | ||
| P/E Ratio | 34.47 |
Source: Unaudited Q2 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.
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