Bhargav Bikas Bank Limited (BHBL) has registered 31.87% decrease in net profit in the second quarter of the current fiscal year 2074/75. Its net profit has decreased to Rs 1.22 crore in second quarter from Rs 1.80 crore in the corresponding quarter of the fiscal year 2073/74.
According to the unaudited financial report published by the development bank today, its interest income has risen to Rs 4.17 crore in Q2 as compared to Rs 3.94 crore in the corresponding quarter.
The bank’s deposits collection reached Rs 2.57 arba in Q2 and it floated loans of Rs 1.93 arba.
Its non-performing loan has shown no change and remains 0.42 percent in Q2 of current year, the same as Q2 of previous year.
It’s paid up capital remains at Rs 26.40 crore with Rs 8.50 crore in its reserve. The bank had floated 80% right shares after the issuance of which, its paid up capital would reach Rs 47.52 crore from current Rs 26.40 crore. However, it has allotted 13.58 lakh unit shares and remaining 7.53 lakh unit shares are to be auctioned in near future.
As per NRB’s requirement for all 1-3 district level development banks to increase their paid up capital to a minimum of Rs 50 crore by the end of FY 2073/74, BHBL will need to issue a further capital hike of Rs 2.48 crore (around 5.25%).
Its annualized earning per share (EPS) stand at Rs 9.29, Net worth per share at Rs 132.21 and P/E ratio at 18.07 times.
Major Highlights:
| Particulars (In Rs '000) |
BHBL |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
264,000 |
144,000 |
83.33% |
| Reserve & Surplus |
85,041 |
40,885 |
108.00% |
| Deposits |
2,579,088 |
1,655,461 |
55.79% |
| Borrowings |
- |
- |
- |
| Loans & Advances |
1,937,722 |
1,387,564 |
39.65% |
| Net Interest Income |
41,770 |
39,466 |
5.84% |
| Provision for possible losses |
4,970 |
2,834 |
75.39% |
| Operating Profit |
19,280 |
28,241 |
-31.73% |
| Net Profit |
12,269 |
18,009 |
-31.87% |
| NPL (%) |
0.42 |
0.42 |
0.00% |
| Annualized EPS (In Rs.) |
9.29 |
25.01 |
-62.84% |
| Net Worth per Share (In Rs.) |
132.21 |
128.39 |
2.98% |
| P/E Ratio (In times) |
18.07 |
- |
- |
Q2 Report
