Gandaki Bikas published an impressive Q2 result; profit rises by 29.69% and PE stands at 10 times

Tue, Feb 5, 2019 8:51 AM on Financial Analysis, Latest, Stock Market,
Gandaki Bi...

Gandaki Bikas Bank Limited (GDBL) has reported increase in net profit by 29.69% in the second 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 26.52 crore in Q2 from Rs 20.45 crore reported in the corresponding quarter of the previous fiscal year 2074/75.

It has collected deposits of Rs 26.19 arba and floated loans of Rs 23.38 arba in Q2 of the FY 2075/76.

It’s paid up capital remains at Rs 2.75 arba and has reserve of Rs 88.30 crore.

The development bank’s non-performing loan (NPL) stayed at 0.41% in Q2 which was 0.88% in corresponding quarter.

Its annualised Earning Per Share (EPS) now stands at Rs 19.29, net worth per share at Rs 132.11 and P/E ratio at 10.01 times.

GDBL has already offered 14.2% cash dividend to its shareholders from the profit of FY 2074/75.

Click Here for GDBL Dividend History:

Click Here for Q2 Report:

Major Highlights:

Particulars (In Rs '000)

Gandaki Bikas Bank Limited

Q2 2075/76

Q2 2074/75

Difference

Paid Up Capital

2,750,000.00

1,843,926.00

49.14%

Reserve & Surplus

883,053.00

1,138,204.00

-22.42%

Deposits

26,194,036.00

19,924,727.00

31.46%

Borrowings

2,000.00

-

-

Loans & Advances

23,385,452.00

17,561,359.00

33.16%

Net Interest Income

554,275.00

453,772.00

22.15%

Provision for possible losses

38,502.00

40,804.00

-5.64%

Operating Profit

406,123.00

311,402.00

30.42%

Net Profit

265,222.00

204,508.00

29.69%

Capital Adequacy (%)

17.50

18.48

-5.30%

NPL (%)

0.41

0.88

-53.41%

CCD

78.18

76.81

1.78%

Base Rate

11.76

11.86

-0.84%

Annualized EPS (In Rs.)

19.29

22.18

-13.04%

Net Worth per Share (In Rs.)

132.11

161.73

-18.31%

PE Ratio (times)

10.01

10.46

-4.30%