Gurans Laghubitta’s Net Profit Rises 42.57% to Rs. 1.44 Crore in Q1 FY 2082/83; EPS Rose to Rs. 50.03

Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) reported a net profit of Rs. 1.44 crore in the first quarter of FY 2082/83, reflecting a 42.57% growth compared to Rs. 1.01 crore in the corresponding period of the previous fiscal year. The increase was primarily supported by higher net interest income and lower cost of funds.

The company’s net interest income climbed by 36.73% to Rs. 4.29 crore from Rs. 3.14 crore last year. Borrowings increased by 7.23% to Rs. 1.39 arba, while loans and advances expanded by 5.37% to Rs. 2.04 arba. Operating profit stood at Rs. 2.02 crore, up from Rs. 1.45 crore a year earlier. Notably, the company recorded a reversal of impairment charges amounting to Rs. 9.92 lakh, compared to an expense of Rs. 5.72 lakh in the same quarter last year.

Reserves rose by 18.61% to Rs. 5.21 crore, and retained earnings increased by 25.55% to Rs. 3.15 crore. The capital adequacy ratio improved to 8.80% from 8.22%, while the non-performing loan (NPL) ratio slightly declined to 3.13%. The cost of funds fell significantly to 6.63% from 8.13%.

Earnings per share (EPS) rose to Rs. 50.03 from Rs. 35.09, while net worth per share increased to Rs. 172.27. The company’s distributable profit after regulatory adjustments stood at Rs. 64.22 lakh. Gurans Laghubitta’s stock traded at Rs. 1,966 at the end of the first quarter, with a price-to-earnings (P/E) ratio of 39.30 times.

Report:

Major Financial Highlights:

* Figures are of the Immediate Previous Year Quarter Ending

Particulars (In Rs '000) Gurans Laghubitta
Q1 2082/83 Q1 2081/82 Difference
Paid Up Capital 115,849.50 115,849.50* 0.00%
Share Premium 0.00 0.00 -
Retained Earnings 31,556.24 25,133.87* 25.55%
Reserves 52,167.79 43,982.18* 18.61%
Borrowings 1,396,714.60 1,302,508.07* 7.23%
Loans and Advances 2,040,355.66 1,936,296.45* 5.37%
Net Interest Income 42,946.75 31,410.83 36.73%
Personnel Expenses 20,611.93 19,420.89 6.13%
Impairment Charges -992.67 572.19 -
Operating Profit 20,250.30 14,512.48 39.54%
Net Profit 14,488.97 10,162.45 42.57%
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments  6,422.38 0.00 -
Capital Adequacy (%) 8.80 8.22 7.06%
NPL (%) 3.13 3.16 -0.95%
Cost of Fund (%) 6.63 8.13 -18.45%
EPS (In Rs.) 50.03 35.09 -
Net Worth per Share (In Rs.) 172.27 159.66 7.90%
Qtr end PE Ratio (times) 39.30 - -
Qtr End Market Price 1966.00 - -