Green Development Bank earns Rs 2.13 crore in Q4; EPS stands at Rs 4.26
Tue, Aug 11, 2020 10:03 AM on Latest, Company Analysis,
Green Development Bank Limited has published its fourth-quarter report for the FY 2076/2077 with an increase of 81.99% net profit. The bank’s Net Profit increased from Rs. 1.17 crore in the fourth quarter of the fiscal year 2075/2076 to Rs. 2.13 crore in the fourth quarter of fiscal year 2076/2077.
The bank’s deposit from customers rose by 29.25% to Rs. 1.30 Arba whereas loans and advances have also increased by 17.77% to Rs. 1.11 Arba in the Q4 of FY 2076/2077. The net interest income (core business revenue) of the bank has increased by 9.89% to Rs. 8.16 crore from Rs. 7.42 crore of the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 50.00 crores with a reserve of Rs. 2.76 crores. The company’s reserves and surplus rose by 81.51% in Q4, FY 2076/2077. The Non-performing loan (NPL) stood at 1.85%.
In Q4, 2076/2077, the EPS of the bank stands at Rs. 4.26. the net worth per share stood at Rs. 108.46.
Major Highlights
| Particulars ('000) | Green Development Bank Limited | ||
|---|---|---|---|
| Q4, 2076/2077 | Q4,2075/2076 | Difference | |
| Paid-up Capital | 500,000.00 | 500,000.00 | - |
| Share Premium | 5,001.80 | 5,001.80 | - |
| Retained Earnings | 9,652.10 | 909.08 | 961.74% |
| Reserves | 27,658.90 | 15,238.17 | 81.51% |
| Deposit from Customers | 1,302,825.45 | 1,007,983.50 | 29.25% |
| Loans & Advances to Customers | 1,146,632.00 | 973,657.22 | 17.77% |
| Net Interest Income | 81,606.65 | 74,262.16 | 9.89% |
| Fee and Commission Income | 7,327.29 | 8,848.86 | -17.20% |
| Impairment Charge/(Reversal) | -2,846.91 | 26,515.08 | -110.74% |
| Personnel Expenses | 33,540.75 | 21,394.42 | 56.77% |
| Operating Profit | 30,433.92 | 16,722.84 | 81.99% |
| Profit/(Loss) for the Year | 21,303.74 | 11,705.75 | 81.99% |
| Total Comprehensive Income | 21,303.74 | 11,705.75 | 81.99% |
| Capital Adequacy Ratio (CAR) (%) | 37.16% | 39.24% | - |
| Non-Performing Loan (NPL) | 1.85% | 3.81% | - |
| CCD (as per NRB Directive) | 66.95% | 70.97% | - |
| Cost of Fund (%) | 7.97% | 8.72% | - |
| Base Rate (%) | 12.55% | 13.48% | - |
| EPS (Rs.) | 4.26 | 2.34 | - |
| Net worth per share (Rs.) | 108.46 | 104.22 | - |
