Ganapati Microfinance earns Rs 1.66 crore till Q2 with EPS of Rs 32.10; Net worth per share stands at Rs 131.89

Tue, Jan 21, 2020 9:19 AM on Financial Analysis, Latest,

Ganapati Microfinance Bittya Sanstha Limited (GMFBS) published second quarterly report of FY 2076/77 with 9.41% profit growth.

According to the unaudited financial report for the second quarter, the microfinance has stated that its net profit increased to Rs 1.66 crore as compared to Rs 1.51 crore in the corresponding.

The borrowing of the microfinance has increased from Rs 45.80 crore in the corresponding quarter of the previous year to Rs 77.47 crore in the second quarter of the current fiscal year with 69.16% growth.

The net interest income has increased by 63.53% to Rs 4.37 crore from Rs 2.67 crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs 2.39 crore.

Ganapati Microfinance’s paid-up capital stand at Rs 10.35 crore and its reserve & surplus stands at Rs 3.30 crore.

It’s annualized Earnings per Share (EPS) stands at Rs 32.10. The net worth per share stands at Rs 131.89 and quarter end P/E ratio at Rs 21.46 times. The quarter end price of the stock is Rs 689.

Click here for Q2 report:

Major Highlights:

Particulars (In Rs '000)

Ganapati Mirofinance

Q2 2076/77

Q2 2075/76

Difference

Paid Up Capital

103,500.00

70,000.00

47.86%

Reserve & Surplus

33,006.63

2,022.70

1531.81%

Borrowings

774,783.30

458,020.79

69.16%

Deposits

288,257.19

173,909.39

-

Loans & Advances

1,098,749.58

666,911.42

64.75%

Net Interest Income

43,708.14

26,727.28

63.53%

Staff Expenses

23,281.49

14,701.55

58.36%

Provision for possible losses

4,892.08

5,038.19

-

Operating Profit

23,994.47

14,016.90

71.18%

Net Profit

16,612.89

15,183.41

9.41%

Capital Adequacy (%)

12.84

11.08

15.88%

NPL (%)

0.59

1.10

-

Cost of Fund (%)

10.23

10.58

-3.31%

EPS (In Rs.)

32.10

43.38

-26.00%

Net Worth per Share (In Rs.)

131.89

102.89

28.19%

Qtr end PE Ratio (times)

21.46

-

-

Qtr End Market Price

689

-

-