Gurkhas Finance show improvement in performance compared to the third quarter; EPS stands at only Rs 1.49

Sun, Aug 12, 2018 1:46 AM on Financial Analysis, Latest, Stock Market,

Gurkhas Finance Limited (GUFL) has posted net profit of Rs 1.29 crore in the fourth quarter of the FY 2074/75.

As per the unaudited report published, the finance has shown operating profit of Rs 1.36 crore in the Q4 of FY 2074/75.

The finance has collected Rs 5.52 arba in deposits and disbursed Rs 4.28 arba in loans in Q4 as compared to Rs 4.06 arba in deposits and Rs 3.42 arba in loans in the corresponding quarter last year.

Its current paid up capital stands at Rs 86.79 crore with reserve of Rs 33.36 crore.

Its non-performing loan (NPL) slightly decreased to 4.67% from 4.72%.

Its annualized EPS stands at Rs 1.49, net worth per share stands at Rs 138.44 and P/E ratio at 72.84 times.

Major Highlights:

Particulars (In Rs '000)

GUFL

Q4 2074/75

Q4 2073/74

Difference

Paid Up Capital

867,994

762,475

13.84%

Reserve & Surplus

333,679

337,863

-1.24%

Deposits

5,524,238

4,068,746

35.77%

Borrowings

-

-

-

Loans & Advances

4,286,516

3,429,245

25.00%

Net Interest Income

215,977

227,657

-5.13%

Provision for possible losses

70,367

312,979

-77.52%

Operating Profit

13,665

(163,088)

-108.38%

Net Profit

12,903

132,833

-90.29%

NPL

4.67

4.72

-1.06%

Annualized EPS (In Rs.)

1.49

17.42

-91.47%

Net Worth per Share (In Rs.)

138.44

144.31

-4.07%

P/E Ratio (In times)

72.84

-

-