Gandaki Bikas Bank Q3 report shows EPS at Rs 19.69; Net worth per share stands at Rs 156.33

Mon, Apr 23, 2018 2:05 AM on Financial Analysis, Latest, Stock Market,

Gandaki Bikas Bank Limited (GDBL) has reported increase in net profit by 24.64% in the third quarter of the current fiscal year 2074/75.

As per the report published in newspaper, the development bank has stated that its net profit increased to Rs 34.04 crore in Q3 from Rs 27.31 crore reported in the corresponding quarter of the previous fiscal year 2073/74.

It has collected deposits of Rs 20.43 arba and floated loans of Rs 18.32 arba in Q3.

It’s paid up capital remains at Rs 2.30 arba and has reserve of Rs 1.29 arba.

The development bank’s non-performing loan (NPL) decrease to 0.84% from 1.14%.

Its annualized Earning Per Share (EPS) now stands at Rs 19.69, net worth per share at Rs 156.33 and P/E ratio at 11.93 times.

Major Highlights:

Particulars (In Rs '000)

GDBL

Q3 2074/75

Q3 2073/74

Difference

Paid Up Capital

2,304,908

1,199,970

92.08%

Reserve & Surplus

1,298,354

557,137

133.04%

Deposits

20,434,059

12,200,019

67.49%

Borrowings

-

-

-

Loans & Advances

18,322,952

11,203,959

63.54%

Net Interest Income

705,341

531,649

32.67%

Provision for possible losses

43,953

32,274

36.19%

Operating Profit

521,812

424,568

22.90%

Net Profit

340,444

273,135

24.64%

NPL (%)

0.84

1.14

-26.32%

Annualized EPS (In Rs.)

19.69

30.35

-35.11%

Net Worth per Share (In Rs.)

156.33

146.43

6.76%

P/E Ratio (In times)

11.93

-

-