Global IME Laghubitta Publicizes Q4 Report With Net Loss of 46.44 Percent; Rs. 6.21 Crores Maintained in Distributable Profits
Fri, Aug 11, 2023 12:19 PM on Latest, Financial Analysis,
Global IME Laghubitta Bittiya Sanstha Limited (GILB) has published its fourth-quarter report for the recently concluded financial year 2079-80, with a comparative Net Loss of 46.44 percent. Until the last quarter of FY 2079-80, the company has made only Rs.12.87 crores as opposed to earning Rs. 24.04 crores up to the corresponding quarter of previous FY 2078-79.
The Net Interest Income—core business revenue stream—has declined by 7.27 percent, totaling Rs. 50.20 crores as of the last quarter of the FY 2079-80. As of the same period, the Operating profits of the company had declined sharply by 45.89 percent.
The microfinance company has Rs. 6.21 crores available for distribution amongst its shareholders as of Ashad 31, 2080.
The impairment allocation of the financial institution has climbed massively to amount Rs. 8.45 crores as of the last quarter of FY 2079-80, which has negatively affected the profitability of the company.
With a decline in Net profits, the Earnings per Share (EPS) of the company has declined as well to stand at Rs. 20.81, alongside a Net worth per Share of Rs. 185.43, as of Q4 of FY 2079-80.
GIBL maintains Rs. 61.89 crores in paid-up capital and has Rs. 52.87 crores in the form of reserves and surplus, which puts the company in good financial standing.
Major Financial Highlights:
| Particulars (In Rs '000) | Global IME Laghubitta | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 618,900.05 | 552,589.33 | 12.00% |
| Share Premium | - | - | - |
| Reserve and Surplus | 528,709.59 | 455,277.06 | 16.13% |
| Deposits from customers | 3,120,659.83 | 2,961,270.61 | 5.38% |
| Loans & Advances to Customers | 7,826,797.04 | 8,242,145.74 | -5.04% |
| Net Interest Income | 502,069.71 | 541,404.20 | -7.27% |
| Personnel Expenses | 257,240.07 | 264,720.04 | -2.83% |
| Impairment Charges | 84,517.66 | 16,734.88 | - |
| Operating Profit | 185,862.73 | 343,492.36 | -45.89% |
| Net Profit | 128,778.79 | 240,444.65 | -46.44% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 62,183.10 | - | - |
| Capital Adequacy (%) | 13.18 | 12.30 | 7.15% |
| NPL (%) | 4.30 | 1.64 | - |
| Cost of Fund (%) | 9.72 | 9.36 | 3.85% |
| EPS (In Rs.) | 20.81 | 43.51 | -52.18% |
| Net Worth per Share (In Rs.) | 185.43 | 182.39 | 1.67% |
| Base Rate (%) | 15.20 | 14.76 | 2.98% |
| Qtr end PE Ratio (times) | 50.99 | - | - |
| Qtr End Market Price | 1061 | - | - |
