Gandaki Bikas Bank reports 14.66% rise in net profit; earns Rs 39 crore with EPS of Rs 18.93 and PE stands at 10 times
Sun, May 12, 2019 7:01 AM on Financial Analysis, Latest, Stock Market,
Gandaki Bikas Bank Limited (GDBL) has reported increase in its net profit by 14.66% in the third quarter of the current fiscal year 2075/76.
As per the report published today, the development bank has stated that its net profit increased to Rs 39.03 crore in Q3 from Rs 34.04 crore reported in the corresponding quarter of the previous fiscal year 2074/75.
It has collected deposits of Rs 27.48 arba and floated loans of Rs 24.19 arba till Q3 of the FY 2075/76. Both the deposits and loans grew by 34.53% and 32.03% respectively.
It’s paid up capital remains at Rs 2.75 arba and has reserve of Rs 1 arba.
The development bank’s non-performing loan (NPL) stands at 0.79% in Q3 which was 0.84% in corresponding quarter.
Its annualized Earning Per Share (EPS) stands at Rs 18.93, net worth per share at Rs 136.66 and P/E ratio at 10.04 times.
Major Highlights:
|
Particulars (In Rs '000) |
Gandaki Bikas Bank |
||
|---|---|---|---|
|
Q3 2075/76 |
Q3 2074/75 |
Difference |
|
|
Paid Up Capital |
2,750,000.00 |
2,304,908.00 |
19.31% |
|
Reserve & Surplus |
1,008,185.00 |
1,298,354.00 |
-22.35% |
|
Deposits |
27,489,299.00 |
20,434,059.00 |
34.53% |
|
Loans & Advances |
24,191,813.00 |
18,322,952.00 |
32.03% |
|
Net Interest Income |
859,793.00 |
705,341.00 |
21.90% |
|
Staff Expenses |
212,091.00 |
141,131.00 |
50.28% |
|
Provision for possible losses |
85,741.00 |
43,953.00 |
- |
|
Operating Profit |
600,001.00 |
521,812.00 |
14.98% |
|
Net Profit |
390,354.00 |
340,444.00 |
14.66% |
|
Capital Adequacy (%) |
17.12 |
21.22 |
-19.32% |
|
NPL (%) |
0.79 |
0.84 |
-5.95% |
|
Cost of Fund (%) |
8.90 |
9.08 |
-1.98% |
|
Base Rate (%) |
11.35 |
12.37 |
-8.25% |
|
Annualized EPS (In Rs.) |
18.93 |
19.69 |
-3.90% |
|
Net Worth per Share (In Rs.) |
136.66 |
156.33 |
-12.58% |
|
Qtr End PE Ratio (times) |
10.04 |
- |
- |
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