Gurkhas Finance Limited posts net profit of Rs.1.23 Crore for the first quarter; Net worth per share falls by 1.39% to Rs.134.48
Tue, Nov 20, 2018 12:00 PM on Financial Analysis, Latest, Stock Market,
Gurkhas Finance Limited has published the unaudited quarterly for the first quarter of the fiscal year 75/76. The company’s paid up capital remains unchanged since the corresponding quarter of the previous year at Rs.86.79 Crore. The reserves slightly fell from Rs.31.57 Crore to Rs.29.92 Crore. The borrowing of the company grew from Rs.4.14 Crore to Rs.15 Crore by the end of the first quarter.
The company posted an increase of 41.14% in the deposits and 18.85% increase on the loans and advances since the corresponding quarter of the previous year. Net interest income of the company fell from Rs.1.52 Crore to Rs.57.21 Lakhs marking a fall of more than 62%. Provision for possible losses with net of write back stand at Rs.6.03 Crore. The NPL of the company slightly grew from 4.93% to 4.95% by the end of the first quarter.
The operating profit of the company currently stands at Rs.3.20 Crore and the net profits stands at Rs.1.23 Crore. The company posted an EPS of Rs.5.71 and net worth per share of Rs.134.48 which was previously at Rs.136.38.
Highlights
|
Particulars (In Rs '000) |
Q1 75/76 |
Q1 74/75 |
Difference |
|---|---|---|---|
|
Paid Up Capital |
867,994 |
867,994 |
0.00% |
|
Reserve & Surplus |
299,277 |
315,773 |
-5.22% |
|
Borrowings |
150,000 |
41,400 |
262.32% |
|
Deposits |
5,801,865 |
4,110,825 |
41.14% |
|
Loans & Advances |
4,337,781 |
3,649,741 |
18.85% |
|
Net Interest Income |
5,721 |
15,210 |
-62.39% |
|
Provision for losses (Net Write back) |
(60,312) |
50,059 |
- |
|
Operating Profit |
32,035 |
(54,649) |
- |
|
Net Profit |
12,395 |
(36,231) |
- |
|
NPL (%) |
4.95% |
4.93% |
0.41% |
|
EPS (In Rs.) |
5.71 |
- |
- |
|
Net Worth per Share (In Rs.) |
134.48 |
136.38 |
-1.39% |
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