Grameen Bikas Laghubitta registers fall in profit in the third quarter; EPS stand at Rs 29.26 with decrease in net profit by 26.59%
Thu, May 10, 2018 2:45 AM on Financial Analysis, Latest, Stock Market,
Grameen Bikas Laghubitta Bittiya Sanstha Limited (GBLBS) has shown fall in net profit by 26.59 percent in the third quarter (Q3) of the current fiscal year 2074/75.
Publishing the unaudited financial report for the third quarter today, the microfinance company stated that its net profit falls to Rs 14.37 crore in the Q3 of current fiscal year 2074/75, down from Rs 19.58 crore in the corresponding period of the previous fiscal year 2073/74.
Its net interest income has also fallen from Rs 73.20 crore in corresponding quarter to Rs 59.89 crore in the third quarter of the current fiscal year.
Its paid up capital remains at Rs 65.50 crore with reserve of Rs 28.40 crore in the third quarter.
The company has borrowings of Rs 4.81 arba in the third quarter, which was Rs 4.49 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 8.51 arba in Q3 whereas in the same period last year the figure stood at Rs 7.57 arba.
Its non-performing loan (NPL) has increased to 4.96% in Q3 from 4.66% in the previous year report.
Its annualized earning per share (EPS) stands at Rs 29.26, net worth per share at Rs 143.37 and the P/E ratio at 19.06 times.
Major Highlights:
|
Particulars (In Rs '000) |
GBLBS |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
655,000 |
557,500 |
17.49% |
|
Reserve & Surplus |
284,087 |
207,714 |
36.77% |
|
Deposits |
2,602,788 |
2,145,004 |
21.34% |
|
Borrowings |
4,819,604 |
4,497,395 |
7.16% |
|
Loans & Advances |
8,519,332 |
7,579,421 |
12.40% |
|
Net Interest Income |
598,946 |
732,010 |
-18.18% |
|
Provision for possible losses |
80,312 |
65,563 |
22.50% |
|
Operating Profit |
185,995 |
261,331 |
-28.83% |
|
Net Profit |
143,753 |
195,816 |
-26.59% |
|
NPL (%) |
4.96 |
4.66 |
6.44% |
|
Annualized EPS (In Rs.) |
29.26 |
46.83 |
-37.52% |
|
Net Worth per Share (In Rs.) |
143.37 |
137.26 |
4.45% |
|
P/E Ratio (In times) |
19.06 |
- |
- |
