Garima Bikas Bank Limited (GBBL) has reported massive rise in net profit by 53.15% in the fourth quarter of the last fiscal year 2073/74.
According to unaudited financial statement published today, its net profit has increased to Rs 34.26 crore in fourth quarter, up from Rs 22.37 crore in the corresponding quarter of the previous fiscal year 2072/73.
Garima Bikas Bank has collected deposits of Rs 14.51 arba in fourth quarter from Rs 9.22 arba in the corresponding quarter of last fiscal year.
Likewise, the bank extended loans and advances of Rs 12.99 arba in the Q4 whereas in the same period last year the figure stood at Rs 8.01 arba.
The net interest income of the development bank reached Rs 74.91 crore in Q4 of FY 2073/74 up from Rs 45.99 crore in the previous FY 2072/73.
Garima Bikas Bank has a paid up capital of Rs 2.20 arba with reserve of Rs 62.55 crore.
The development bank annualized earning per share (EPS) stands at Rs 15.55 , net worth per share is at Rs 128.38, P/E ratio at 19.04 times.
GBBL had issued 20% bonus shares from the profit it has earned in the FY 2072/73 and 70% right shares also.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Difference(%) |
| Paid Up Capital |
2,204,243 |
853,200 |
158.35 |
| Reserve and Surplus |
625,564 |
349,693 |
78.89 |
| Deposits |
14,513,391 |
9,228,530 |
57.27 |
| Loans and Advances |
12,990,801 |
8,007,400 |
62.23 |
| Net Interest Income |
749,156 |
459,992 |
62.86 |
| Provision |
30,922 |
31,506 |
(1.85) |
| Write Back |
6,187 |
- |
#DIV/0! |
| Operating Profit |
526,547 |
351,577 |
49.77 |
| Net Profit |
342,651 |
223,731 |
53.15 |
| Capital Adequacy Ratio (%) |
25.04 |
13.46 |
86.03 |
| NPL (%) |
0.24 |
0.30 |
(20.00) |
| Base Rate (%) |
12.50 |
8.94 |
39.82 |
| Cost of Fund (%) |
7.62 |
5.11 |
49.12 |
| CD Ratio (as per NRB) (%) |
71.41 |
76.84 |
(7.07) |
| EPS (Annualized) |
15.55 |
26.22 |
(40.72) |
| Networth Per Share |
128.38 |
140.99 |
(8.94) |
| P/E Ratio |
19.04 |
- |
|
