Ganapati Microfinance Logs Profit

Jul 29, 2019 10:59 AM Merolagani

Ganapati Microfinance (GMFBS) has raised its net profit to Rs 30.4 million in the fourth quarter of the last FY compared to net loss of Rs 2.7 million of the corresponding period of the previous FY.

In the review period, the company increased its deposit collection by 90 percent to Rs 237.2 million and loan extension by 64 percent to Rs 877.5 million. The company borrowed Rs 589.9 million during the period.

The company increased its net interest income by 157 percent to Rs 60 million and earned Rs 37.3 million in operating profit. The company was in operating loss of Rs 2.8 million in the previous FY.

The company with Rs 103.5 million in paid-up capital has reserve fund of Rs 17.1 million. In the review period, the company maintained non-performing loan of 0.69 percent, EPS of Rs 29.45, net worth per share of Rs 116.57 and P/E ratio of 15.14 times.


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