Gurans Laghubitta’s Profit Skyrockets: A Deep Dive into Q4 Financial Results
Gurans Laghubitta Bittiya Sanstha Limited has just released its unaudited financial results for the fourth quarter of the last fiscal year, and the numbers are impressive! This microfinance institution has experienced a significant surge in profitability, making it a noteworthy player in the Nepalese stock market.
The financial statements reveal a remarkable 89.96% increase in net profit, reaching NPR 39.58 million. This is a substantial jump from the NPR 20.8 million reported in the same period last year. This growth in profit is primarily attributed to a boost in net interest income, operating income, and operating profit.
Let’s break down the key figures:
- Net Interest Income: Witnessed a healthy 59.74% increase, reaching NPR 132.4 million. This strong performance highlights the institution’s ability to effectively manage its lending portfolio.
- Operating Income: Soared by 42.16%, reaching NPR 159.7 million.
- Operating Profit: Experienced a substantial 87.85% rise, hitting NPR 60.3 million. This demonstrates a significant improvement in operational efficiency.
Another positive aspect is the improvement in non-performing loans (NPLs). The bad debt ratio has decreased by 0.76 percentage points, settling at a healthy 2.91%. This reflects the institution’s prudent risk management strategies.
During the review period, the microfinance company mobilized NPR 45.55 million in deposits and secured borrowings of NPR 1.30 billion. Consequently, loan disbursement reached NPR 1.94 billion.
Key Financial Highlights:
- Paid-up Capital: NPR 115.8 million.
- Reserve Fund: NPR 65.7 million.
- Earnings Per Share (EPS): Rose by NPR 16.18, reaching a respectable NPR 34.17. This is a crucial metric for investors to evaluate stock performance.
- Net Worth Per Share: Stands at NPR 156.79.
- Price-to-Earnings (P/E) Ratio: The P/E ratio, as of the end of Ashad, is 64.78. This ratio is crucial for stock analysis in the Nepalese share market.
Investing in Microfinance in Nepal:
This positive performance by Gurans Laghubitta indicates the growing strength of the microfinance sector in Nepal. Microfinance institutions play a vital role in providing financial services to underserved populations. This financial news is important for those interested in the stock market and specifically, investing in the microfinance sector in Nepal. Stay informed about Nepalese stock market news, financial analysis, and the latest market trends.
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