Gurkhas Finance reports net profit of Rs 6.35 crore for Q3 of FY 2075/76; EPS stands at Rs 9.76
Thu, May 2, 2019 1:41 PM on Latest, Stock Market,
Gurkhas Finance Limited (GUFL) has published the unaudited quarterly for the third quarter of the fiscal year 2075/76. The company’s paid up capital remains unchanged since the corresponding quarter of the previous year at Rs.86.79 Crore. The reserves slightly increased from Rs.32.61 Crore to Rs.35.20 Crore.
The borrowing of the company grew from nothing to Rs. 15 Crore by the end of the third quarter.
The company posted an increase of 29.41% in the deposits and 25.08% increase on the loans and advances since the corresponding quarter of the previous year.
Net interest income of the company fell from Rs.13.32 Crore to Rs.11.62 crore marking a fall of more than 12%.
The NPL of the company slightly grew from 4.76% to 4.89% by the end of the third quarter.
The operating loss of the company currently stands at Rs.12.39 lakh and the net profits stands at Rs.6.35 Crore. The company posted an EPS of Rs.9.76 and net worth per share of Rs.141.
Highlights
| Particulars (In Rs '000) | GUFL | ||
|---|---|---|---|
| Q3 2075/76 | Q3 2074/75 | Difference | |
| Paid Up Capital | 867,994 | 867,994 | |
| Reserve & Surplus | 352,032 | 326,120 | 7.95% |
| Deposits | 5,823,218 | 4,499,886 | 29.41% |
| Borrowings | 150,000 | 0 | |
| Loans & Advances | 5,158,639 | 4,124,376 | 25.08% |
| Net Interest Income | 116,222 | 133,525 | -12.96% |
| Provision for possible losses | 7,883 | 48,482 | -83.74% |
| Operating Profit | -1,239 | -936 | 32.37% |
| Net Profit | 63,535 | 5,106 | 1144.32% |
| NPL (%) | 4.89 | 4.76 | 2.73% |
| Annualized EPS (In Rs.) | 9.76 | ||
| Net Worth per Share (In Rs.) | 141 | ||
| P/E Ratio (In times) | 11.37 | ||
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