What Fueled the Net Profit Increment of Global Ime Laghubitta in Q4?

Global IME Laghubitta Bittiya Sanstha (GILB) has published its fourth quarterly report of FY 2077/2078 with an increase in Net Profit of a massive 283.08%.

As seen in the report, the company had higher provisioning of 11 crores in the corresponding quarter which declined its profit by a huge margin. This is also one of the major reason for massive percentage in this quarter.

As per the unaudited financial report for the fourth quarter, the company has stated that its net profit increased to Rs. 22.76 crores as compared to Rs. 5.94 crores in the corresponding quarter of the previous year.

The borrowing of the company has increased to Rs. 3.43 Arba while deposits have increased by 62.35% to Rs. 2.13 arba in the current quarter. Similarly, the company has floated loans of Rs. 6.16 arba in the fourth quarter of the fiscal year 2077/2078.

The net interest income of the company has increased by 72.51% compared to the corresponding quarter of the previous year and stood at Rs. 45.31 crores in Q4, 2077/2078. 

GILB’s paid-up capital stood at Rs. 43.17 crores with a reserve and surplus of Rs. 34.54 crores in the fourth quarter of the fiscal year 2077/2078. 

Its earnings per share (EPS) stood at Rs. 52.73 and net worth per share stood at Rs. 180.02. The company’s non-performing loan slightly increased to 2.66%. The company traded at a PE multiple of 53.38 times during the report preparation.

Click here for the Q4 report

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