Gurkhas Finance has published first quarter report of FY 2075/76. It has reported surge in net profit to Rs.1.23 crore in Q1.
As per the published report, the finance has reported increased in net profit to Rs.1.23 crore in this Q1 of Fiscal year 2075/76 from loss of Rs.3.62 crore in the same period of last fiscal year 2074/75.
It has collected deposit of Rs.5.80 arba & floated in loan & advances of Rs.4.34 arba. Deposit increased by 41.13% & loan expansion increased by 18.85% in the comparing period. It has borrowing of Rs.15 crore.
Its net interest income decreased to Rs.57.21 lakh in Q1 from Rs.1.52 crore in the last corresponding quarter. Operating profit increased to Rs 3.20 crore from operating loss of Rs.5.46 crore in the last year.
Its paid up capital is Rs.86.79 crore with reserves of Rs.29.92 crore.
Its non performing loan stands at 4.95% from 4.93% from the last year. Cost of fund at 9.94% and credit to deposit is 63.26%.
Annualized earning per share is Rs.5.71. Net worth per share is Rs.134.48. PE ratio stands at 18.38 times.
