Guheshwori and Reliance Finance Logs Profit

Apr 28, 2019 Merolagani

Guheshwori and Reliance Finance have logged profit in the third quarter of the current FY. Guheshwori Finance increased its net profit by Rs 15.3 million while Reliance Finance increased its net profit by 9.7 million during the period.

Guheswhori Merchant Banking and Finance earned a net profit of Rs 53.1 million in the third quarter of the current FY compared to Rs 37.8 million of the corresponding period of the last FY.

The company with Rs 800 million in paid-up capital has reserve fund of Rs 179 million. In the review period, the company collected deposit of Rs 3.40 billion, borrowed Rs 50 million and extended loan of Rs 3.06 billion.

During the period, the company earned interest income of Rs 362.3 million and spent Rs 245.1 million in interest expenses. Through this, the company earned net interest income of Rs 117.1 million.

In the review period, the company has bad debt of 0.76 percent, EPS of Rs 8.85, net worth per share of Rs 122.38 and P/E ratio of 14.69 times.

Similarly, Reliance Finance increased its net profit by Rs 9.7 million to Rs 27.1 million in the third quarter of the current FY compared to Rs 17.4 million of the corresponding period of the last FY.

The company has paid-up capital of Rs 743.2 million and reserve fund of Rs 262.8 million.

The company collected deposit of Rs 3.81 billion and extended loan of Rs 3.46 billion. In the review period, the company earned Rs 405.1 million in interest income and spent Rs 269.8 million in interest expenses earning a net interest income of Rs 135.2 million.

During the period, the bad debt of the company increased to 3.43 percent compared to 1.85 percent of the last FY. It has EPS of Rs 3.65, net worth per share of Rs 134.76 and P/E ratio of 33.69 times.

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