Garima Bikas Bank reported satisfactory growth in major indicators in Q4; Look at the major highlights

Thu, Aug 12, 2021 6:10 AM on Company Analysis, Latest,

Garima Bikas Bank Limited (GBBL) has published its fourth-quarter report for the FY 2077/78 with a satisfactory rise in net profit by 42.97%. The bank reported a net profit of Rs. 82.52 crores in this quarter compared to Rs. 57.72 crores in the corresponding quarter of the previous year.

The bank’s deposit from customers reported a growth rate of 50.60% (compared to the immediate previous year ending) to Rs 63.90 arba and loans and advances to customers have increased by 48.60% (compared to the immediate previous year ending) to Rs 51.80 arba in the fourth quarter. The net interest income of the bank has increased by 43.84% to Rs 1.93 arba from Rs 1.62 arba of the corresponding quarter.

The bank’s paid-up capital stands at Rs 3.67 arba with Rs 1.61 arba as its reserve and surplus.

The Non-Performing Loan (NPL) stands at 0.72% from 0.79%.

The EPS of the bank stands at Rs 22.45. The net worth per share stands at Rs 144.01 and the qtr end PE ratio stands at 24.23 times.

Click here for the Q4 report

Major Highlights:

Particulars

Garima Bikas Bank Limited

Q4, 2077/2078

Q4, 2076/2077

Difference

Paid-Up Capital

3,675,912.50

2,755,650.88

33.40%

Reserve & Surplus

1,617,874.27

1,107,912.90

46.03%

Deposit from Customers

63,902,087.20

42,433,022.22

50.60%

Loans & Advances

51,805,539.91

34,861,896.43

48.60%

Net Interest Income

1,936,529.54

1,622,326.94

19.37%

Impairment Charge/(Reversal) for loans

402,347.05

235,642.20

-

Operating Profit

1,169,092.39

812,750.98

43.84%

Net Profit

825,288.16

577,255.77

42.97%

Capital Adequacy (%)

11.42%

13.87%

-

NPL (%)

0.72%

0.79%

-

Cost of fund (%)

6.17%

7.16%

-

EPS (Rs.)

22.45

20.95

-

Net worth per share (Rs.)

144.01

140.21

-

Qtr end PE ratio (Times)

24.23

-

-

Qtr End Market Price

544

-

-