Garima Bikas Bank reports fair growth in net profit in Q3; EPS at Rs. 24.60, NPL at 0.58%
Tue, Apr 20, 2021 7:09 AM on Latest, Company Analysis,
Garima Bikas Bank Limited (GBBL) has published its third-quarter report for the FY 2077/78 with a satisfactory rise in net profit by 36.97%. The bank reported a net profit of Rs. 67.82 crores in this quarter compared to Rs. 49.64 crores in the corresponding quarter of the previous year.
The bank’s deposit from customers reported a growth rate of 39.53% (compared to the immediate previous year ending) to Rs 59.20 arba and loans and advances to customers have increased by 44.28% (compared to the immediate previous year ending) to Rs 50.29 arba in the third quarter. The net interest income of the bank has increased by 9.64% to Rs 1.35 arba from Rs 1.23 arba of the corresponding quarter.
The bank’s paid-up capital stands at Rs 3.67 arba with Rs 1.43 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has increased to 0.58% from 0.24%.
The annualized EPS of the bank stands at Rs 24.60. The net worth per share stands at Rs 138.92 and the qtr end PE ratio stands at 14.14 times.
Major Highlights:
|
Particulars |
Garima Bikas Bank Limited |
||
|---|---|---|---|
|
Q3, 2077/2078 |
Q3, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
3,675,912.50 |
3,238,689.43 |
13.50% |
|
Reserve & Surplus |
1,430,743.84 |
837,912.90 |
70.75% |
|
Deposit from Customers |
59,205,438.12 |
42,433,022.22 |
39.53% |
|
Loans & Advances |
50,297,082.37 |
34,861,896.43 |
44.28% |
|
Net Interest Income |
1,354,697.05 |
1,235,582.63 |
9.64% |
|
Impairment Charge/(Reversal) for loans |
199,048.93 |
81,635.32 |
- |
|
Operating Profit |
968,921.02 |
707,411.65 |
36.97% |
|
Net Profit |
678,276.21 |
496,417.19 |
36.63% |
|
Capital Adequacy (%) |
11.63% |
13.06% |
- |
|
NPL (%) |
0.58% |
0.24% |
- |
|
Cost of fund (%) |
6.14% |
8.53% |
- |
|
EPS (Rs.) |
24.60 |
20.44 |
- |
|
Net worth per share (Rs.) |
138.92 |
125.87 |
- |
|
Qtr end PE ratio (Times) |
14.14 |
- |
- |
|
Qtr End Market Price |
348 |
- |
- |
