Ganapati Laghubitta's Profit Up by 179.51%: EPS and Operating Profit Also Rise

Ganapati Laghubitta Bittiya Sanstha Limited (GMFBS) has published its unaudited financial report for the fourth quarter of FY 2081/82, showcasing remarkable financial performance. As per the report, the company posted a net profit of NPR 4.25 crore, a sharp rise of 179.51% compared to NPR 1.52 crore in the same period last year.

The microfinance institution's operating profit surged by 168.27% to NPR 6.07 crore, while total operating income increased by 42.26% to NPR 18.21 crore. Net interest income rose by 41.71% to NPR 17.27 crore. However, net fee and commission income dropped significantly by 86.57% to just NPR 8.41 lakh.

By the end of the fourth quarter, Ganapati Laghubitta’s distributable profit stood at NPR 2.64 crore, and the distributable earnings per share (EPS) was NPR 17.42. Overall EPS climbed to NPR 28.04, up by NPR 18.01 from the previous year. The company reported a Price-to-Earnings (PE) ratio of 56.66 times and a net worth per share of NPR 177.45.

With a paid-up capital of NPR 15.15 crore, the company has maintained a reserve fund of NPR 11.73 crore. By the end of Ashad, it had collected NPR 2.27 Arba in deposits and deployed NPR 2.29 Arba in loans and advances. These financial indicators reflect strong growth and a solid financial foundation for the institution.