High Provision and administrative expenses; low other operating income in Q4 results 75.84% decline in net profit of Gurans Laghubitta
Wed, Aug 12, 2020 8:56 AM on Company Analysis, Latest,
Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) has published its unaudited fourth-quarter report of FY 2076/2077 with a decrease in its net profit by 75.84%.
The Net Profit of the company in Q4, 2076/2077 stood at Rs. 35.89 lakhs compared to Rs. 1.48 crores in the corresponding quarter of the previous year. As per the financial statement, despite a 16.79% increase in the net interest income, the decrease in other operating income by 42%, an increase in administrative expenses by 34%, and an increase in provisions in Q4 resulted in the decrease in the bottom line of the company.
GLBSL’s paid-up capital stood at Rs. 8.34 crores with a reserve and surplus of 1.82 crores in the fourth quarter.
Gurans Laghubitta has increased its Borrowings by 6.39% which stood at Rs. 55.19 crores in Q4, 2076/2077. Similarly, the company has also increased its loans and advances to Rs. 73.69 crores; an increase of 7.62% compared to the corresponding quarter of the previous year.
The earnings per share (EPS) of Gurans stands at Rs. 4.30 and Net worth per share at Rs. 123.75. Similarly, non-performing loans for the company increased to 3.94% in the fourth quarter of FY 2076/2077.
Major Highlights
|
Particulars ('000) |
Gurans Laghubitta Bittiya Sanstha Ltd |
||
|---|---|---|---|
|
Q4, 2076/2077 |
Q4,2075/2076 |
Difference |
|
|
Paid-up Capital |
83,400.00 |
77,500.00 |
- |
|
Reserves & Surplus |
18,267.25 |
17,721.46 |
3.08% |
|
Deposits |
141,146.61 |
106,215.70 |
32.89% |
|
Borrowings |
551,923.43 |
518,772.63 |
6.39% |
|
Loans & Advances |
736,957.54 |
684,768.94 |
7.62% |
|
Net Interest Income |
47,472.13 |
40,647.94 |
16.79% |
|
Staff Expenses |
38,403.46 |
28,455.26 |
34.96% |
|
Provision for possible losses |
3,926.68 |
2,873.78 |
36.64% |
|
Operating Profit |
5,639.97 |
21,591.53 |
-73.88% |
|
Net Profit |
3,589.07 |
14,856.53 |
-75.84% |
|
Capital Adequacy Ratio (%) |
11.87% |
13.62% |
- |
|
NPL (%) |
3.94% |
2.70% |
- |
|
Cost of Fund (%) |
9.84% |
11.31% |
- |
|
EPS (Rs.) |
4.30 |
19.17 |
-77.57% |
|
Net worth per share (Rs.) |
123.75 |
122.87 |
0.72% |
|
P/E Ratio (times) |
195.75 |
- |
- |
|
Qtr end price |
851 |
- |
- |
|
P/B Ratio (times) |
6.87 |
- |
- |
