Gurans Laghubitta Publishes Second Quarter Financial Report with Outstanding Growth in Profit

Gurans Laghubitta Bittiya Sanstha has released its financial report for the second quarter of the fiscal year 2081/82 (up to Poush 29). The report reveals remarkable progress in its financial performance compared to the previous year, showcasing significant improvements in key indicators.

1. Paid-up Capital
   The paid-up capital has reached Rs. 1.15 billion, reflecting a 14.25% increase compared to last year’s Rs. 1.01 billion. This growth indicates enhanced capacity for financial obligations.

2. Reserves and Surplus
   The reserve and surplus have risen to Rs. 426.7 million, a significant growth of 41.84% from last year’s Rs. 300.8 million. This increase strengthens the company’s financial foundation.

3. Loans and Advances
   The company has disbursed loans amounting to Rs. 18.41 billion, marking a 29.61% growth compared to the previous year.

4. Deposit Collection
   Total deposits collected by the company stand at Rs. 3.68 billion, a 27.61% increase from last year’s Rs. 2.88 billion.

5. Borrowings
   Borrowings have reached Rs. 13.19 billion, a 32.19% increase compared to last year.

Income and Profit Details

1. Net Interest Income
   The net interest income stands at Rs. 564.8 million, a staggering 95.34% growth from last year’s figure of Rs. 289.17 million.

2. Total Operating Income
   Total operating income has increased to Rs. 713.87 million, reflecting a 66.40% rise compared to last year’s Rs. 429.02 million.

3. Operating Profit
   Operating profit has seen significant growth, reaching Rs. 24.53 million, which is 207.66% higher than the Rs. 7.97 million recorded last year.

4. Net Profit
   The company has achieved a net profit of Rs. 154.63 million, an impressive 100.09% growth compared to last year’s Rs. 77.28 million.

Other Financial Indicators

1. Earnings Per Share (EPS)
   The annualized EPS for this quarter stands at Rs. 26.70, a significant increase from last year’s Rs. 15.24.

2. Net Worth Per Share
   Net worth per share has reached Rs. 136.83, compared to Rs. 129.67 in the previous year.

3. Non-Performing Loans (NPL)
   The ratio of non-performing loans has decreased to 2.78% from 3.75% in the previous year, indicating better credit quality.

4. Cost of Fund
   The cost of funds has improved, dropping to 7.99% from last year’s 11.13%.

Gurans Laghubitta has delivered an outstanding financial performance in the first two quarters of the current fiscal year, doubling its profit. The significant growth in loan disbursement, interest income, and net profit reflects the company's efficient management and strong operational performance, The company is optimistic about maintaining this growth momentum in the coming quarters.