Global IME Laghubitta not affected by pandemic as anticipated; Net Profit rises by 14.30%; EPS at Rs. 30.03
Thu, Aug 13, 2020 12:08 PM on Latest, Company Analysis,
Global IME Laghubitta Bittiya Sanstha (GILB) has published its fourth quarterly report of FY 2076/2077 with an increase in Net Profit of 14.30%.
As per the unaudited financial report for the fourth quarter, the company has stated that its net profit increased to Rs. 7.79 crores as compared to Rs. 6.81 crores in the corresponding quarter of the previous year.
The borrowing of the company has increased to Rs. 2.57 arba while deposits have increased by 50.61% to Rs. 1.31 arba in the current quarter. Similarly, the company has floated loans of Rs. 3.62 arba in the fourth quarter of fiscal year 2076/2077.
The net interest income of the company has increased by 83.50% compared to the corresponding quarter of the previous year and stood at Rs. 26.26 crores in Q4, 2076/2077. Despite the company has created a higher provision, it has been able to increase its operating profit to Rs. 12.37 crore which is an increment of 20.53% in this quarter.
GILB’s paid-up capital stood at Rs. 25.97 crores with a reserve and surplus of Rs. 16.20 crores in the fourth quarter of fiscal year 2076/2077. The company’s reserve and surplus took a massive increment of 283.46% in this quarter.
Its earnings per share (EPS) stood at Rs. 30.03 and net worth per share stood at Rs. 155.54. The company’s Non-performing loan slightly increased to Rs. 1.94%. The company traded at a PE multiple of 43.50 times during the report preparation.
Major Highlights:
|
Particulars ('000) |
Global IME Laghubitta Bittiya Sanstha Ltd |
||
|---|---|---|---|
|
Q4, 2076/2077 |
Q4,2075/2076 |
Difference |
|
|
Paid-up Capital |
259,757.13 |
226,523.28 |
- |
|
Reserves & Surplus |
162,074.21 |
42,266.76 |
283.46% |
|
Deposits |
1,317,368.38 |
874,677.77 |
50.61% |
|
Borrowings |
2,571,253.11 |
2,522,856.88 |
1.92% |
|
Loans & Advances |
3,624,115.49 |
3,188,368.76 |
13.67% |
|
Net Interest Income |
262,696.28 |
143,157.12 |
83.50% |
|
Staff Expenses |
99,668.49 |
71,819.82 |
38.78% |
|
Provision for possible losses |
81,895.83 |
24,920.14 |
228.63% |
|
Operating Profit |
123,711.71 |
102,641.91 |
20.53% |
|
Net Profit |
77,938.38 |
68,187.23 |
14.30% |
|
Capital Adequacy Ratio (%) |
11.21% |
9.01% |
- |
|
NPL (%) |
1.94% |
0.43% |
- |
|
Cost of Fund (%) |
10.05% |
10.24% |
- |
|
EPS (Rs.) |
30.03 |
30.10 |
-0.23% |
|
Net worth per share (Rs.) |
155.54 |
118.67 |
31.07% |
|
Qtr End P/E ratio |
43.90 |
- |
- |
|
Qtr End Price |
1318 |
- |
- |
