City express, Gurkhas, Guheshwori and Lalitpur Finance companies' performance for Q1 of 2076/77
Sun, Nov 17, 2019 1:14 PM on Financial Analysis, Latest, Stock Market,
City Express Finance Limited (CEFL) has published an unaudited financial report for the first quarter today. It has stated that its net loss has decreased to Rs.25.06 lakh from loss of Rs.1.09 crore reported in the corresponding quarter of the previous fiscal year 2075/76.
The finance company’s deposit collection has decreased to Rs 12.07 Crore in the first quarter of the current fiscal year. It has a paid-up capital of Rs.40.21 Crore.
Net Interest income is the primary source of income for a finance company, which has grown from Rs.13.65 Lakhs to Rs.49.83 Lakhs by the end of the first quarter. Currently, the Net worth per share stands at Rs.64.46.
Gurkhas Finance Limited (GUFL) profit has decreased by 18.52% from Rs 2.50 crore in the first quarter of the fiscal year 2075/76 to Rs 2.04 crore in the first quarter of the fiscal year 2076/77.
The finance company’s deposit from customers decreased to Rs 6.52 arba whereas loans and advances to customers increased to Rs 5.47 arba till the first quarter. The net interest income of the finance has increased by 344.65% to Rs 8.18 crore from Rs 1.83 crore of the corresponding quarter.
Gurkhas Finance’s paid-up capital stands at Rs 86.65 crore with Rs 63.34 crore as its reserve and surplus. Its retained earnings is still negative by Rs 12.56 crore.
The Non-Performing Loan (NPL) is still in the higher side of 4.42% and the capital adequacy ratio is at 16.93%. The base rate is 12.87 %.
In the first quarter, the annualized EPS stands at Rs 9.41. The net worth per share stands at Rs 141.75 and PE ratio stands at 11.58 times.
Guheswori Merchant Banking and Finance Company Limited (GMFIL) has registered a net profit fall of 12.32% in the first quarter of the FY 2076/77.
According to the unaudited financial report published by the finance today, its net profit has decreased to Rs 1.63 crore in the first quarter, from Rs 1.86 crore in the corresponding quarter of the previous fiscal year.
GMFIL’s net interest income has increased to Rs 4.6 crore till Q1 as compared to Rs 4.12 crore in the corresponding quarter of the last fiscal year.
As of Q1, it has a paid-up capital of Rs 80 crore with a reserve of Rs 17.29 crore.
The bank also collected deposits of Rs 3.81 arba till Q1, increased from Rs 3.61 arba in the previous quarter (Q4 2075/76). Likewise, it has extended loans and advances of Rs. 3.03 arba till Q1 whereas in the last quarter, the figure stood at Rs 3 arba.
The NPL of the company has increased to 0.60% from 0.25% in the corresponding quarter of the previous year.
GMFIL’s annualized Earnings per Share (EPS) stands at Rs 8.18, net worth per share at Rs 129.64 and P/E ratio at 14.05 times.
Lalitpur Finance Limited (LFC) has reported a net profit for the first quarter of the fiscal year 2076/77.
Publishing the unaudited financial report for the first quarter (Q1) today, the finance company has stated that its net profit is Rs 1.84 crore in Q1 of FY 2076/77 up from a net loss of Rs 1.15 crore reported in the corresponding quarter of the previous FY 2075/76.
It has a paid-up capital of Rs 23.68 crore. However, it has a negative reserve of Rs 7.79 crore in Q1. It extended loans of Rs 40.90 crore. Likewise, the collected deposit of the company is Rs 27.72 crore in the first quarter of 2076/77.
The company’s non-performing loan (NPL) has increased from 60.56% in the corresponding quarter to 74.57% in Q1. Its annualized Earning per Share (EPS) now stands at Rs 7.78 and net worth per share at Rs 67.10. The company is in the acquisition process by Prime Commercial Bank Limited.
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