Garima profit escalate in Q3; earns Rs 42.37 crore with EPS of Rs 20.26 and PE stands at 9.62 times
Tue, Apr 30, 2019 7:13 AM on Financial Analysis, Latest, Stock Market,
Garima Bikas Bank Limited (GBBL) has registered a satisfactory profit rise of 50.51 percent in the third quarter of the fiscal year 2075/76.
According to the unaudited financial report published by the national level development bank today, its net profit has surged to Rs 42.37 crore in third quarter, up from Rs 28.15 crore in the corresponding quarter of the last fiscal year 2074/75. The operating profit has increased to Rs 66.34 crore from Rs 43.69 crore as compared to the corresponding quarter of last fiscal year.
Garima Bikas Bank’s deposit base has increased by 62.86% in this period. It now has deposits of Rs 30.35 arba with floated loans worth Rs 26.15 arba. In the same period of FY 2074/75, the deposits and loans figure stood at only Rs 18.63 arba and Rs 17.10 arba respectively. With this, it has been able to increase its net interest income by outstanding 41.63% to Rs 99.09 crore.
Its non-performing loan has slightly decreased to 0.26 percent in Q3 from 0.78 percent in the previous year report.
The annualized Earnings per share (EPS) of GBBL now stands at Rs 20.26, net worth per share at 128.58, and the P/E ratio as of the end of Q3 stands at 9.62 times.
Currently, its paid up capital remains at Rs 2.78 arba with reserve of Rs 79.68 crore.
Major Highlights:
|
Particulars (In Rs '000) |
Garima Bikas Bank |
||
|---|---|---|---|
|
Q3 2075/76 |
Q3 2074/75 |
Difference |
|
|
Paid Up Capital |
2,788,368.00 |
2,534,880.00 |
10.00% |
|
Reserve & Surplus |
796,889.71 |
570,926.13 |
39.58% |
|
Deposits |
30,356,417.08 |
18,639,662.49 |
62.86% |
|
Loans & Advances |
26,157,509.34 |
17,105,594.15 |
52.92% |
|
Net Interest Income |
990,908.45 |
699,659.41 |
41.63% |
|
Provision for possible losses |
99,102.55 |
103,597.30 |
- |
|
Operating Profit |
663,431.00 |
436,923.75 |
51.84% |
|
Net Profit |
423,796.67 |
281,564.73 |
50.51% |
|
Capital Adequacy (%) |
15.14 |
20.50 |
-26.15% |
|
NPL (%) |
0.26 |
0.78 |
-66.67% |
|
Annualized EPS (In Rs.) |
20.26 |
14.81 |
36.83% |
|
Net Worth per Share (In Rs.) |
128.58 |
122.52 |
4.94% |
|
PE Ratio (times) |
9.62 |
- |
- |
.png)
