Garima Bikas Bank Reports 4.17% Decline in Q1 Net Profit to Rs. 24.01 Crores
Sun, Nov 1, 2026 10:45 AM on Latest, Financial Analysis, Company Analysis,
Garima Bikas Bank Limited (GBBL) has reported a 4.17% decline in net profit for the first quarter of FY 2083/84, with profit standing at Rs. 24.01 Crores compared to Rs. 25.06 Crores in the corresponding quarter of the previous fiscal year. The bank's paid-up capital increased by 10% to Rs. 6.62 Arba, while reserves grew by 4.27% to Rs. 36.04 Crores. Retained earnings declined sharply by 93.10% to Rs. 8.33 Crores.
During the quarter, total deposits increased by 3.11% to Rs. 1.02 Kharba, while loans and advances grew by 2.57% to Rs. 80.23 Arba. Net Interest Income declined by 7.79% to Rs. 92.08 Crores. Personnel expenses decreased marginally by 1.24% to Rs. 29.32 Crores, while impairment charges fell by 23.68% to Rs. 25.43 Crores. Operating profit declined by 4.34% to Rs. 34.21 Crores.
Garima Bikas Bank's distributable profit after profit/loss appropriation and regulatory adjustments stood at Rs. 8.33 Crores, down 86.83% from Rs. 63.22 Crores in the corresponding quarter. The bank's capital adequacy ratio stood at 12.84%, while the Non-Performing Loan (NPL) ratio increased slightly to 4.81% from 4.73%. The cost of funds declined significantly to 3.46% from 4.42%.
The bank's Earnings Per Share (EPS) stood at Rs. 14.50, down from Rs. 16.65 in the corresponding quarter, while net worth per share declined by 12.27% to Rs. 155.68 from Rs. 177.45. Garima Bikas Bank's quarter-end PE ratio stood at 28.62 times, while its quarter-end market price was Rs. 415 per share.
* Figures are of Immediate Previous Year Quarter Ending
Major Highlights:
| Particulars (In Rs '000) | Garima Bikas Bank Limited | ||
| Q1 2083/84 | Q1 2082/83 | Difference | |
| Paid Up Capital | 6,623,483.20 | 6,021,348.37* | 10.00% |
| Share Premium | 0.00 | 0.00 | 0.00% |
| Retained Earnings | 83,278.30 | 1,206,628.39* | -93.10% |
| Reserves | 3,604,377.32 | 3,456,625.13* | 4.27% |
| Deposit | 101,535,693.31 | 98,472,073.23* | 3.11% |
| Loans & Advances | 80,229,200.13 | 78,215,661.75* | 2.57% |
| Net Interest Income | 920,814.26 | 998,594.65 | -7.79% |
| Personnel Expenses | 293,188.79 | 296,857.65 | -1.24% |
| Impairment Charges | 254,291.58 | 333,193.66 | -23.68% |
| Operating Profit | 342,102.33 | 357,624.26 | -4.34% |
| Net Profit | 240,124.25 | 250,575.18 | -4.17% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 83,278.30 | 632,220.13 | -86.83% |
| Capital Adequacy (%) | 12.84 | 13.57 | -5.38% |
| NPL (%) | 4.81 | 4.73 | |
| Cost of Fund (%) | 3.46 | 4.42 | -21.72% |
| EPS (In Rs.) | 14.50 | 16.65 | -12.88% |
| Net Worth per Share (In Rs.) | 155.68 | 177.45 | -12.27% |
| Qtr end PE Ratio (times) | 28.62 | - | - |
| Qtr End Market Price | 415 | - | - |
