Gurans Laghubitta Bittiya Sanstha (GLBSL) has demonstrated impressive financial results for the final quarter of Fiscal Year 2081/82, declaring a net profit of Rs. 3.95 crores. This showcases a remarkable growth of 89.96% in comparison to Rs. 2.08 crores achieved in the same quarter of the previous fiscal year.
The organization’s reserve and surplus more than doubled, reaching Rs. 6.58 crores, a striking increase of 144.62% from Rs. 2.69 crores in Q4 of FY 2080/81. Gurans upheld its paid-up capital at Rs. 11.58 crores.
In terms of lending, loans and advances to clients surged by 15.82%, amounting to Rs. 1.94 arba compared to Rs. 1.68 arba in the prior fiscal year. Customer deposits rose to Rs. 45.56 crores, reflecting a 30.38% increase year-on-year, while total borrowings escalated by 10.04% to Rs. 1.30 arba.
The microfinance entity announced a net interest income of Rs. 13.23 crores, a 59.74% uptick from Rs. 8.28 crores in the previous year. Operating profit nearly doubled, soaring by 87.85% to Rs. 6.03 crores. Staff costs also increased by 18.94%, totaling Rs. 6.63 crores.
Crucial financial ratios have improved. The non-performing loan (NPL) ratio fell to 2.91% from 3.67%, while the cost of funds decreased to 6.90% from 8.79%. Capital adequacy saw a slight enhancement to 8.72% from 8.03%.
Annualized Earnings per share (EPS) surged to Rs. 34.17 from Rs. 17.99, indicating a strong growth in profitability. Likewise, net worth per share rose by 27.25%, now at Rs. 156.79. The quarterly end price-to-earnings (PE) ratio was noted at 64.78 times, with the final market price at Rs. 2,213.44.
