Gandaki Bikas Bank's deposits, loans and net profit increases by 27%, 29% and 23% respectively; EPS stands at Rs 22.23 for Q4 of 2075/76
Sun, Aug 18, 2019 2:19 PM on Financial Analysis, Latest,
Gandaki Bikas Bank Limited (GDBL) has reported increase in its net profit by 23.36% in the fourth 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 61.12 crore in Q4 from Rs 49.55 crore reported in the corresponding quarter of the previous fiscal year 2074/75.
It has collected deposits of Rs 29.92 arba and floated loans of Rs 25.88 arba till Q4 of the FY 2075/76. Both the deposits and loans grew by 27.21% and 29% respectively.
It’s paid up capital remains at Rs 2.75 arba and has reserve of Rs 1.29 arba.
The development bank’s non-performing loan (NPL) stands at 0.33% in Q4 which was 0.41% in corresponding quarter.
Its annualized Earning Per Share (EPS) stands at Rs 22.23, net worth per share at Rs 144.69 and P/E ratio at 9.72 times.
Major Highlights
| Particulars (In Rs '000) | GDBL | ||
|---|---|---|---|
| Q4 2075/76 | Q4 2074/75 | Difference | |
| Paid Up Capital | 2,750,000.00 | 2,750,000.00 | 0.00% |
| Reserve & Surplus | 1,229,104.00 | 617,831.00 | 98.94% |
| Deposits | 29,920,087.00 | 23,520,372.00 | 27.21% |
| Borrowings | 3,000.00 | 0 | |
| Loans & Advances | 25,884,937.00 | 20,065,094.00 | 29.00% |
| Net Interest Income | 1,309,027.00 | 1,045,746.00 | 25.18% |
| Provision for possible losses | 58,179.00 | 43,134.00 | 34.88% |
| Operating Profit | 953,523.00 | 780,506.00 | 22.17% |
| Net Profit | 611,274.00 | 495,513.00 | 23.36% |
| Capital Adequacy (%) | 16.84 | 20.27 | -16.92% |
| NPL (%) | 0.33 | 0.41 | -19.51% |
| CCD Ratio (%) | 76.10 | 73.71 | 3.24% |
| Cost of Fund (%) | 8.68 | 9.46 | -8.25% |
| Annualized EPS (In Rs.) | 22.23 | ||
| Net Worth per Share (In Rs.) | 144.69 | ||
| PE Ratio (times) | 9.72 | ||
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