Bhargav Bikas Bank registers decent performance in the fourth quarter; Non-Performing loan decreases to 0.16% from 0.89%
Tue, Jul 31, 2018 1:37 AM on Financial Analysis, Latest, Stock Market,
Bhargav Bikas Bank Limited (BHBL) has registered 12.65% increase in net profit in the fourth quarter of the current fiscal year 2074/75. Its net profit has increased to Rs 3.96 crore in fourth quarter from Rs 3.51 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 10.93 crore in Q4 as compared to Rs 8.93 crore in the corresponding quarter.
The bank’s deposits collection reached Rs 3.11 arba in Q4 and it floated loans of Rs 2.39 arba.
Its non-performing loan has decreased to 0.16% in Q4 of current year, which was 0.89% in Q4 of previous year.
It’s paid up capital remains at Rs 40.84 crore with Rs 11.23 crore in its reserve. The development bank has recently issued 80% right shares for its shareholder.
BHBL has also proposed 5.56% bonus shares of rits shareholders. After the adjustment of the bonus shares its paid-up capital will reach Rs 50.16 crore.
Its annualized earning per share (EPS) stand at Rs 12.94 and Net worth per share at Rs 127.52.
Major Highlights:
|
Particulars (In Rs '000) |
BHBL |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
408,429 |
264,000 |
54.71% |
|
Reserve & Surplus |
112,392 |
52,598 |
113.68% |
|
Deposits |
3,113,550 |
1,962,067 |
58.69% |
|
Loans & Advances |
2,398,162 |
1,461,405 |
64.10% |
|
Net Interest Income |
109,374 |
89,395 |
22.35% |
|
Provision for possible losses |
10,172 |
6,916 |
47.08% |
|
Operating Profit |
62,268 |
55,276 |
12.65% |
|
Net Profit |
39,625 |
35,176 |
12.65% |
|
NPL (%) |
0.16 |
0.89 |
-82.02% |
|
Annualized EPS (In Rs.) |
12.94 |
17.77 |
-27.19% |
|
Net Worth per Share (In Rs.) |
127.52 |
- |
- |
|
P/E Ratio (In times) |
15.2 |
- |
- |
