Global IME Laghubitta reports massive increment in net profit in Q3; EPS at Rs. 85.26, NPL at 2.32%
Mon, Apr 26, 2021 7:23 AM on Latest, Company Analysis,
Global IME Laghubitta Bittiya Sanstha (GILB) has published its third quarterly report of FY 2077/2078 with an increase in Net Profit a massive 149.90%.
As per the unaudited financial report for the third quarter, the company has stated that its net profit increased to Rs. 21.15 crores as compared to Rs. 8.46 crores in the corresponding quarter of the previous year.
The borrowing of the company has increased to Rs. 3.23 Arba while deposits have increased by 32.66% to Rs. 1.73 arba in the current quarter. Similarly, the company has floated loans of Rs. 4.87 arba in the third quarter of the fiscal year 2077/2078.
The net interest income of the company has increased by 84.81% compared to the corresponding quarter of the previous year and stood at Rs. 32.72 crores in Q3, 2077/2078.
GILB’s paid-up capital stood at Rs. 33.08 crores with a reserve and surplus of Rs. 27.81 crores in the third quarter of the fiscal year 2077/2078.
Its earnings per share (EPS) stood at Rs. 85.26 and net worth per share stood at Rs. 184.07. The company’s Non-performing loan slightly increased to Rs. 2.32%. The company traded at a PE multiple of 29.42 times during the report preparation.
(NOTE: Global IME Laghubitta recently commenced its operation after a successful merger with Sparsha Laghubitta)
Major Highlights:
|
Particulars |
Global IME Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q3, 2077/2078 |
Q3, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
330,884.23 |
259,575.13 |
27.47% |
|
Reserve & Surplus |
278,189.90 |
171,010.68 |
62.67% |
|
Borrowings |
3,231,064.52 |
2,819,608.40 |
14.59% |
|
Deposits |
1,733,766.70 |
1,306,877.75 |
32.66% |
|
Loans & Advances |
4,872,433.96 |
3,892,200.56 |
25.18% |
|
Net Interest Income |
327,298.13 |
177,095.23 |
84.81% |
|
Provision for possible Losses |
42,848.95 |
25,804.83 |
- |
|
Write Back of Provision |
77,897.06 |
- |
- |
|
Net Profit |
211,574.12 |
84,663.77 |
149.90% |
|
Capital Adequacy (%) |
11.70% |
10.26% |
- |
|
NPL (%) |
2.32% |
1.71% |
- |
|
Cost of fund (%) |
5.30% |
10.68% |
- |
|
EPS (Rs.) |
85.26 |
43.49 |
- |
|
Net worth per share (Rs.) |
184.07 |
165.88 |
- |
|
Qtr end PE ratio (Times) |
29.42 |
- |
- |
|
Qtr End Market Price |
2508 |
- |
- |
