Guheswori Merchant Banking and Finance reports fall in net profit till Q2 of 2076/77; Annualized EPS at Rs 9.55

Guheswori Merchant Banking and Finance Company Limited (GMFIL) has registered a net profit fall of 4.74% in the second quarter of the FY 2076/77.

According to the unaudited financial report published by the finance today, its net profit has decreased to Rs 3.82 crore in the second quarter, from Rs 4.01 crore in the corresponding quarter of the previous fiscal year.

GMFIL’s net interest income has increased to Rs 9.03 crore till Q2 as compared to Rs 8.55 crore in the corresponding quarter of the last fiscal year.

As of Q2, it has a paid-up capital of Rs 80 crore with a reserve of Rs 18.50 crore.

The bank also collected deposits of Rs 4.31 arba till Q2, increased from Rs 3.81 arba in the previous quarter (Q4 2075/76). Likewise, it has extended loans and advances of Rs. 3.22 arba till Q2 whereas in the last quarter, the figure stood at Rs 3.03 arba.

The NPL of the company has increased to 1.10% from 0.68% in the corresponding quarter of the previous year.

GMFIL’s annualized Earnings per Share (EPS) stands at Rs 9.55, net worth per share at Rs 127.75 and P/E ratio at 13.82 times.

Second Quarter Report