Gurkhas Finance has registered an astounding increase in its net profit, up from Rs 50.66 lakh last year to Rs 10.7 crore in the second quarter of this fiscal year 2073/74.
The finance company has collected Rs 3.39 arba in deposits and disbursed Rs 2.96 arba in loans in Q2 as compared to Rs 1.40 arba in deposits and Rs 1.24 arba in loans in the corresponding quarter last year.
The finance company has collected Rs 23.27 crore in write back in Q2 of the current fiscal year. Its paid up capital remains at Rs 57.86 crore and reserve at Rs 29.21 crore.
Its CD ratio stands at 72% and non-performing loan (NPL) has increased to 2.11% from 0.43% in Q2.
Its Earning per Share (EPS) stands at Rs 36.99 and net worth per share is at Rs 150.49.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
578,662.00 |
380,417.00 |
52.11% |
| Reserve and Surplus |
292,182.00 |
51,375.00 |
468.72% |
| Deposits |
3,399,872.00 |
1,403,662.00 |
142.21% |
| Loans and Advances |
2,967,259.00 |
1,245,068.00 |
138.32% |
| Net Interest Income |
131,583.00 |
25,283.00 |
420.44% |
| Provision |
146,679.00 |
5,773.00 |
- |
| Write Back |
232,748.00 |
- |
- |
| Operating Profit |
(40,117.00) |
7,961.00 |
-603.92% |
| Net Profit |
107,023.00 |
5,066.00 |
2012.57% |
| Capital Adequacy Ratio |
20.25% |
29.06% |
- |
| NPL |
2.11% |
0.43% |
- |
| Base Rate |
10.54% |
11.62% |
- |
| Cost of Fund |
7.20% |
8.00% |
|
| CD Ratio (as per NRB) |
72.00% |
67.99% |
- |
| EPS (Annualized) |
36.99 |
2.66 |
|
| PE Ratio |
- |
- |
|
| Networth Per Share |
150.49 |
113.50 |
|
