Ganapati Laghubitta starts making profit; company reserve was in loss by Rs 1.86 crore in corresponding Q3

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Tue, Apr 23, 2019 8:59 AM on Financial Analysis, Latest, Stock Market,
Ganapati L...

Ganapati Laghubitta Bittiya Sanstha Limited has stated that its net profit surged to Rs 2.23 crore in third quarter as compared to negative Rs 64.80 lakh in the corresponding quarter of the last fiscal year 2074/75.

The microfinance company’s borrowing has increased from Rs 39.31 crore in the corresponding quarter of the previous year to Rs 54.85 crore in the third quarter of the fiscal year 2075/2076 and it has Rs 20.80 as deposits. Its loan and advances rises from Rs 45.02 crore in the corresponding quarter to Rs 77.92 crore.

Its net interest income has also increased to Rs 4.19 crore in the Q3 up from Rs 1.52 crore compared to the corresponding quarter of the last fiscal year.

Ganapati Laghubitta existing paid up capital is Rs 7 crore. Its reserve has increased to Rs 90.54 lakh from negative Rs 1.86 crore last year.

Ganapati non-performing loan has increased to 0.97% from 0.03% as stated by the third quarter financial report.

Its annualized Earning Per Share (EPS) stands at Rs 42.50 and net worth per share stands at Rs 112.93.

Ganapati Microfinance Bittiya Sanstha Limited is issuing 3,35,000 units ordinary shares worth Rs 3.35 crore to the general public from Baisakh 9, 2076.

Company Analysis of Ganapati Laghubitta Bittiya Sanstha:

Major Highlights:

Particulars (In Rs '000)

Ganapati Laghubitta

Q3 2075/76

Q3 2074/75

Difference

Paid Up Capital

700,00.00

70,000.00

900.00%

Reserve & Surplus

9,054.18

-18,661.08

-148.52%

Deposits

208,015.50

98,123.88

111.99%

Borrowings

548,521.83

393,188.01

39.51%

Loans & Advances

779,224.43

450,209.30

73.08%

Net Interest Income

41,946.50

15,215.52

175.68%

Provision for possible losses

5,453.32

4,103.48

-

Operating Profit

26,053.59

-6,522.77

-

Net Profit

22,309.89

-6,480.11

-

Capital Adequacy (%)

10.66

11.57

-7.87%

NPL (%)

0.97

0.03

3133.33%

Annualized EPS (In Rs.)

42.50

-12.34

-

Net Worth per Share (In Rs.)

112.93

73.34

53.98%

Click Here for Q3 report: