Ganapati Microfinance shows improved performance in the Q1; IPO to be floated soon
Mon, Oct 29, 2018 2:06 PM on Financial Analysis, Latest, Stock Market,
Ganapati Microfinance Bittiya Sanstha Limited has published first quarter report for the FY 2075/76.
As per the financial report published today, the microfinance company reported net profit of Rs 49.40 lakh in the first quarter. In the corresponding quarter of the FY 2074/75, the company had reported net loss of Rs 50.08 lakh.
The company was able to collect Rs 15.37 crore deposit and float loans and advances worth Rs 62 crore. Borrowings amounted to Rs 51.46 crore in the first quarter of the current fiscal year.
The paid up capital stands at Rs 7 crore. The capital will increase to Rs 10 crore after the issuance of 3 lakh unit IPO for the general public.
Major Highlights:
|
Particulars (In Rs '000) |
GMBSL |
||
|
Q1 2075/76 |
Q1 2074/75 |
Difference |
|
|
Paid Up Capital |
70,000 |
70,000 |
0.00% |
|
Reserve & Surplus |
-9,824 |
-17,189 |
-42.85% |
|
Deposits |
153,755 |
37,261 |
312.64% |
|
Borrowings |
514,642 |
223,712 |
130.05% |
|
Loans & Advances |
620,085 |
255,716 |
142.49% |
|
Net Interest Income |
11,657 |
3,417 |
241.13% |
|
Provision for possible losses |
5,087 |
1,459 |
248.71% |
|
Operating Profit |
3,155 |
-6,905 |
- |
|
Net Profit |
4,940 |
-5,008 |
- |
|
NPL (%) |
1.37 |
0.16 |
756.25% |
|
Annualized EPS (In Rs.) |
28.23 |
-28.62 |
- |
|
Net Worth per Share (In Rs.) |
85.97 |
75.44 |
13.95% |
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