Global IME Laghubitta profit grew by massive 301.44%; Laxmi Laghubitta earns Rs 4.85 crore till Q2
Thu, Jan 23, 2020 9:39 AM on Financial Analysis, Latest,
Global IME Laghubitta Bittiya Sanstha Limited (GILB) published second quarterly report of FY 2076/77 with massive 301.44% profit growth.
According to the unaudited financial report for the second quarter, the microfinance has stated that its net profit increased to Rs 7.87 crore as compared to Rs 1.96 crore in the corresponding quarter.
The borrowing of the microfinance has increased from Rs 1.76 arba in the corresponding quarter of the previous year to Rs 3.05 arba in the second quarter of the current fiscal year with 73.51% growth. The microfinance floated loans of Rs 4.05 arba till this quarter.
The net interest income has increased by 177.27% to Rs 14.37 crore from Rs 5.18 crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs 12.36 crore.
Global IME Laghuibtta’s paid-up capital stand at Rs 25.95 crore and its reserve & surplus stands at Rs 16.60 crore.
It’s annualized Earnings per Share (EPS) stands at Rs 60.65. The net worth per share stands at Rs 163.98 and quarter end P/E ratio at Rs 18.47 times. The quarter end price of the stock is Rs 1,120.
Major Highlights:
|
Particulars (In Rs '000) |
Global IME Laghubitta |
||
|---|---|---|---|
|
Q2 2076/77 |
Q2 2075/76 |
Difference |
|
|
Paid Up Capital |
259,575.13 |
187,777.75 |
38.24% |
|
Reserve & Surplus |
166,065.99 |
35,046.89 |
373.84% |
|
Borrowings |
3,059,952.03 |
1,763,605.07 |
73.51% |
|
Deposits |
1,208,797.26 |
566,496.71 |
113.38% |
|
Loans & Advances |
4,059,497.33 |
2,204,429.82 |
84.15% |
|
Net Interest Income |
143,758.10 |
51,847.88 |
177.27% |
|
Staff Expenses |
51,905.19 |
32,265.56 |
60.87% |
|
Provision for possible losses |
16,951.60 |
13,100.51 |
- |
|
Operating Profit |
123,691.49 |
29,101.43 |
325.04% |
|
Net Profit |
78,712.76 |
19,607.41 |
301.44% |
|
Capital Adequacy (%) |
10.30 |
10.40 |
-0.96% |
|
NPL (%) |
0.99 |
0.53 |
- |
|
Cost of Fund (%) |
10.37 |
10.16 |
2.07% |
|
EPS (In Rs.) |
60.65 |
20.88 |
190.41% |
|
Net Worth per Share (In Rs.) |
163.98 |
118.66 |
38.19% |
|
Qtr end PE Ratio (times) |
18.47 |
- |
- |
|
Qtr End Market Price |
1120 |
- |
- |
Likewise; Laxmi Laghubitta Bittiya Sanstha Limited (LLBS) has also published its second quarter report for the FY 2076/77 with net profit of Rs 7.08 crore. The profit has increased by 46.13% from Rs 4.85 crore in the corresponding quarter last FY.
The deposits of the microfinance company amounts Rs 1.53 arba and the microfinance floated loans of Rs 4.32 arba till this quarter. The borrowings of the microfinance increased by 37.74% to Rs 2.39 arba from the previous year’s figure of Rs 1.73 arba.
The paid up capital of the company stands at Rs 27.83 crore with Rs 24.75 crore in the reserve and surplus.
The annualized EPS of the microfinance company is Rs 50.95 and net worth of the company stands at Rs 188.95. The quarter end price to earnings (P/E) stands at 17.33 times.
Major Highlights:
|
Particulars (In Rs '000) |
Laxmi Laghubitta |
||
|---|---|---|---|
|
Q2 2076/77 |
Q2 2075/76 |
Difference |
|
|
Paid Up Capital |
278,300.00 |
242,000.00 |
15.00% |
|
Reserve & Surplus |
247,536.00 |
184,307.00 |
34.31% |
|
Borrowings |
2,390,811.00 |
1,735,742.00 |
37.74% |
|
Deposits |
1,533,311.00 |
1,098,714.00 |
39.56% |
|
Loans & Advances |
4,329,123.00 |
3,128,045.00 |
38.40% |
|
Net Interest Income |
182,229.00 |
136,629.00 |
33.38% |
|
Staff Expenses |
81,943.00 |
69,815.00 |
17.37% |
|
Provision for possible losses |
23,474.00 |
13,641.00 |
- |
|
Operating Profit |
111,129.00 |
76,224.00 |
45.79% |
|
Net Profit |
70,898.00 |
48,517.00 |
46.13% |
|
Capital Adequacy (%) |
12.04 |
13.22 |
-8.93% |
|
NPL (%) |
1.55 |
1.21 |
- |
|
Cost of Fund (%) |
9.71 |
10.13 |
-4.15% |
|
EPS (In Rs.) |
50.95 |
40.10 |
27.07% |
|
Net Worth per Share (In Rs.) |
188.95 |
176.16 |
7.26% |
|
Qtr end PE Ratio (times) |
17.33 |
- |
- |
|
Qtr End Market Price |
883 |
- |
- |
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