Garima Bikas Bank registers profit of Rs 43.78 crore in the fourth quarter; Networth per share stands at Rs 128.69 as per the quarterly report
Tue, Jul 24, 2018 1:25 AM on Financial Analysis, Latest, Stock Market,
Garima Bikas Bank Limited (GBBL) has registered a profit rise of 27.79 percent in the fourth quarter of the fiscal year 2074/75.
According to the unaudited financial report published by the national level development bank today, its net profit has surged to Rs 43.78 crore in last quarter, up from Rs 34.26 crore in the corresponding quarter of the last fiscal year 2073/74. The operating profit has increased to Rs 66.87 crore from Rs 52.65 crore as compared to the corresponding quarter of last fiscal year.
Garima Bikas Bank’s deposit base has increased by 46.22% in this period. It now has deposits of Rs 21.22 arba with floated loans worth Rs 18.85 arba. In the same period of FY 2073/74, the figures stood at only Rs 14.51 arba and Rs 12.99 arba respectively. With this, it has been able to increase its net interest income by 33.56% to Rs 1 arba.
Its non-performing loan has slightly increased to 0.27 percent in Q4 from 0.24 percent in the previous year report.
Annualized Earnings per share (EPS) of GBBL now stands at Rs 17.27, net worth per share at 128.69, and the P/E ratio as of the end of Q4 at 10.54 times.
Currently, its paid up capital remains at Rs 2.53 arba with reserve of Rs 72.72 crore.
Major Highlights:
|
Particulars (In Rs '000) |
GBBL |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
2,534,880 |
2,204,243 |
15.00% |
|
Reserve & Surplus |
727,220 |
625,564 |
16.25% |
|
Deposits |
21,221,205 |
14,513,391 |
46.22% |
|
Borrowings |
218,500 |
- |
- |
|
Loans & Advances |
18,851,037 |
12,990,801 |
45.11% |
|
Net Interest Income |
1,000,600 |
749,156 |
33.56% |
|
Provision for possible losses |
96,225 |
30,922 |
211.19% |
|
Operating Profit |
668,796 |
526,547 |
27.02% |
|
Net Profit |
437,868 |
342,651 |
27.79% |
|
NPL (%) |
0.27 |
0.24 |
12.50% |
|
Annualized EPS (In Rs.) |
17.27 |
15.55 |
11.12% |
|
Net Worth per Share (In Rs.) |
128.69 |
128.38 |
0.24% |
|
P/E Ratio (In times) |
10.54 |
- |
- |
