Guheswori Merchant Banking and Finance's profit rises by 9.66% in Q2; EPS rises to RS 8.37 with improved performance
Mon, Jan 21, 2019 7:47 AM on Financial Analysis, Latest, Stock Market,
Guheswori Merchant Banking and Finance Company Limited (GMFIL) has registered a net profit rise of 9.66% in the second quarter of the FY 2075/76.
According to the unaudited financial report published by the finance today, its net profit has increased to Rs 3.34 crore in second quarter, from Rs 3.05 crore in the corresponding quarter of the previous fiscal year.
GMFIL’s net interest income has increased to Rs 7.45 crore in Q2 as compared to Rs 5.86 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 15.96 crore.
The bank also collected deposits of Rs 3.29 arba in Q2, increased from Rs 2.77 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 2.90 arba in Q2 whereas in the same period last year, the figure stood at Rs 2.40 arba.
The NPL of the company has increased to 0.68% from 0.56% in the corresponding quarter of previous year.
GMFIL’s annualized Earnings per Share (EPS) stands at Rs 8.37, net worth per share at Rs 119.96 and P/E ratio at 15.53 times.
Major Highlights:
|
Particulars (In Rs '000) |
GMFIL |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
800,000 |
800,000 |
0.00% |
|
Reserve & Surplus |
159,655 |
136,503 |
16.96% |
|
Deposits |
3,296,487 |
2,775,262 |
18.78% |
|
Borrowings |
50,000 |
- |
- |
|
Loans & Advances |
2,903,263 |
2,409,936 |
20.47% |
|
Net Interest Income |
74,586 |
58,639 |
27.20% |
|
Provision for possible losses |
13,847 |
560 |
2372.68% |
|
Operating Profit |
52,244 |
50,415 |
3.63% |
|
Net Profit |
33,493 |
30,542 |
9.66% |
|
NPL (%) |
0.68 |
0.56 |
21.43% |
|
Annualized EPS (In Rs.) |
8.37 |
7.64 |
9.66% |
|
Net Worth per Share (In Rs.) |
119.96 |
117.06 |
2.47% |
|
P/E Ratio (In times) |
15.53 |
- |
|
.png)
