Gurkhas Finance has published third quarter report of FY 2075/76. Net profit increased by 1144.32% in the comparing period.
As per the published report, it has reported surge in net profit to Rs.6.35 crore in this Q3 of Fiscal year 2075/76 from Rs.51.06 lakh in the same period of fiscal year 2074/75.
It has collected deposit of Rs.5.82 arba in Q3. It had floated loan & advances of Rs.5.15 arba in the third quarter. Deposit increased by 29.41% and Loan flow increased by 25.08%.
Its net interest income decreased to Rs.11.62 crore in Q3 from Rs.13.35 crore in the last corresponding quarter of FY 2074/75.
Operating loss increased to Rs.12.39 lakh from operating loss of Rs.9.36 lakh in the last year.
Despite of operating loss, net profit increased due to write back of Rs.8.08 crore from provision of possible losses.
Its paid up capital is Rs.86.79 crore with reserves of Rs.35.20 crore.
Its non performing loan stands at 4.89% from 4.76% in Q3. Cost of fund at 9.70%, CCD ratio at 74.72% and base rate at 12.80%.
Annualized earning per share (EPS) stands at Rs 9.76, Net worth per share at Rs.140.56 and PE ratio at 11.37 times.
