Gurkhas Finance has earned Rs 7.10 crore in Q4; still not in position to distribute dividend due to negative retained earnings
Thu, Aug 22, 2019 6:40 AM on Financial Analysis, Stock Market, Latest,
Gurkhas Finance Limited (GUFL) profit has increased from Rs 1.12 crore in the fourth quarter of the fiscal year 2074/75 to Rs 7.10 crore in the fourth quarter of the fiscal year 2075/76.
The finance company’s deposit from customers increased by 23.81% to Rs 6.83 arba whereas loans and advances to customers rises by 27.03 % to Rs 5.13 arba till the fourth quarter. The net interest income of the finance has increased by 17.96% to Rs 24.71 crore from Rs 20.95 crore of the corresponding quarter.
Gurkhas Finance’s paid up capital stands at Rs 86.65 crore with Rs 52.78 crore as its reserve and surplus. Its retained earnings is still negative by Rs 7.67 crore which indicated the companies is still not in a position to distribute dividend.
The Non-Performing Loan (NPL) is still in higher side of 4.6% and capital adequacy ratio is at 17.91%. The base rate is 12.85% .
In the fourth quarter, the EPS stands at Rs 8.20. The net worth per share stands at Rs 160.91 and PE ratio stands at 14.75 times.
Major Highlights as per NFRS reporting:
|
Particulars (In Rs '000) |
Gurkhas Finance |
||
|---|---|---|---|
|
Q4 2075/76 |
Q4 2074/75 |
Difference |
|
|
Paid Up Capital |
866,537 |
866,537 |
0.00% |
|
Share Premium |
22,399 |
22,399 |
|
|
Retained Earnings |
-76,795 |
78,496 |
-197.83% |
|
Reserves |
582,242 |
397,271 |
46.56% |
|
Deposits from Customers |
6,839,303 |
5,524,238 |
23.81% |
|
Loans & Advances to customers |
5,137,793 |
4,044,545 |
27.03% |
|
Net Interest Income |
247,199 |
209,559 |
17.96% |
|
Impairment Charge/(Reversal) |
13,648 |
-75,796 |
- |
|
Personnel Expenses |
119,023 |
73,471 |
62.00% |
|
Operating Profit |
110,158 |
8,896 |
1138.25% |
|
Profit/(Loss) for the Year |
71,014 |
11,230 |
532.33% |
|
Total Comprehensive Income |
29,903 |
-7,928 |
-477.20% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
- |
- |
- |
|
Capital Adequacy Ratio (CAR) |
17.91 |
19.40 |
-7.68% |
|
NPL |
4.6 |
6.38 |
-27.90% |
|
CCD (as per NRB Directives) |
67.72 |
65.16 |
3.93% |
|
Cost of Fund (%) |
9.48 |
10.63 |
-10.82% |
|
Base Rate (%) |
12.85 |
14.65 |
-12.29% |
|
EPS (In Rs.) |
8.20 |
1.30 |
532.33% |
|
Net Worth per Share (In Rs.) |
160.91 |
157.49 |
2.17% |
|
Qtr End PE Ratio (times) |
14.75 |
- |
- |
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