Catch the major highlights from the Q2 report of Bhargav Bikash Bank and Hamro Bikas Bank

Tue, Jan 29, 2019 1:54 PM on Financial Analysis, Latest, Stock Market,
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Bhargav Bikas Bank Limited (BHBL) has registered 170.31% increase in net profit in the second quarter of the current fiscal year 2075/76. Its net profit has increased to Rs 3.31 crore in second quarter from Rs 1.22 crore in the corresponding quarter of the fiscal year 2074/75.

According to the unaudited financial report published by the development bank today, its interest income has risen to Rs 8.22 crore in Q2 as compared to Rs 4.17 crore in the corresponding quarter.

The bank’s deposits collection reached Rs 3.62 arba in Q2 and it floated loans of Rs 2.84 arba.

Its non-performing loan has decreased to 0.41% in Q2 of current year, which was 0.42% in Q2 of previous year.

It’s paid up capital remains at Rs 50.16 crore with Rs 12.25 crore in its reserve.

Its annualized earning per share (EPS) stand at Rs 13.22 and Net worth per share at Rs 124.44.

 

Major Highlights: 

Particulars (In Rs '000)

BHBL

Q2 2075/76

Q2 2074/75

Difference

Paid Up Capital

501,600

264,000

90.00%

Reserve & Surplus

122,578

85,041

44.14%

Deposits

3,262,821

2,579,088

26.51%

Borrowings

-

-

-

Loans & Advances

2,846,048

1,937,722

46.88%

Net Interest Income

82,278

41,770

96.98%

Provision for possible losses

5,306

4,970

6.77%

Operating Profit

52,642

19,280

173.04%

Net Profit

33,165

12,269

170.31%

NPL (%)

0.41

0.42

-2.38%

Annualized EPS (In Rs.)

13.22

9.29

42.27%

Net Worth per Share (In Rs.)

124.44

132.21

-5.88%

P/E Ratio (In times)

10.55

-

 

 

Hamro Bikas Bank Limited (HAMRO) has earned net profit of Rs 2.41 crore till the end of second quarter of the fiscal year 2075/76.

As per the quarterly unaudited financial statement released by the bank, its net profit has increased by 9.17% as compared to the second quarter of last year. In this period, it has been able to increase its net interest income by 23.66% to Rs 6.03 crore.

Its deposit base has reached Rs 1.79 arba, from Rs 1.29 arba last year. Likewise, it has floated loans worth Rs 1.81 arba till Q2 this year whereas in the last year, the figure stood at Rs 1.40 arba. It has been able to reduce its non-performing loans (NPL) to 0.55% from 0.97% posted in the same period last year.

Its paid up capital at the end of Q2 stands at Rs 50.40 crore with a reserve of Rs 6.56 crore.

Its annualized EPS now stands at Rs 9.60 and net worth per share at Rs 113.02.

The company is in acquisition process by Jyoti Bikas Bank Limited.

Major Highlights:

Particulars (In Rs '000)

HAMRO

Q2 2075/76

Q2 2074/75

Difference

Paid Up Capital

504,053

458,751

9.88%

Reserve & Surplus

65,649

103,653

-36.66%

Deposits

1,793,646

1,292,225

38.80%

Borrowings

-

-

-

Loans & Advances

1,818,924

1,408,966

29.10%

Net Interest Income

60,346

48,800

23.66%

Provision for possible losses

6,547

8,567

-23.58%

Operating Profit

38,011

34,819

9.17%

Net Profit

24,189

22,158

9.17%

NPL (%)

0.55

0.97

-43.30%

Annualized EPS (In Rs.)

9.60

9.66

-0.64%

Net Worth per Share (In Rs.)

113.02

122.59

-7.81%

P/E Ratio (In times)

13.85

-