Grameen Bikas profit rises by 15.80% in Q2; EPS at Rs 34.64; issuance of 50% right shares is in process
Mon, Feb 4, 2019 11:20 AM on Financial Analysis, Latest, Stock Market,
Grameen Bikas Laghubitta Sanstha Limited (GBLBS) posted an increase of 15.80% in the net profits as per the Q2 report posted by the company today. The net profit stands at Rs 11.34 crore as compared to Rs 9.79 crore posted previous year.
Net interest income of the company increased by 10.39% to Rs. 44.54 crore in Q2.
Its deposit has increased form Rs 2.48 arba to Rs 2.97 arba. Similarly, the bank has increased its credit disbursement from Rs 8.13 arba to Rs 9.17 arba.
Its paid up capital stands at Rs 65.50 crore whereas its reserve stands at Rs 38.41 crore.
Its annualized EPS stands at Rs 34.64 and net worth at Rs 158.65 per share.
Its current capital adequacy is 7.59% which is below NRB standards. This suggests that GBLBS is in huge shortage of capital funds; for this reason they are in process to issue 50% right shares to its shareholders.
Its current market price is Rs 441 and its trading at PE of 12.27 times.
Major Highlights:
|
Particulars (In Rs '000) |
Grameen Bikas Laghubitta Sanstha |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
655,000 |
655,000 |
0.00% |
|
Reserve & Surplus |
384,158 |
238,147 |
61.31% |
|
Deposits |
2,977,582 |
2,484,097 |
19.87% |
|
Borrowings |
4,757,928 |
4,835,142 |
-1.60% |
|
Loans & Advances |
9,176,322 |
8,134,592 |
12.81% |
|
Net Interest Income |
445,474 |
403,537 |
10.39% |
|
Provision for possible losses |
55,498 |
47,362 |
17.18% |
|
Operating Profit |
142,675 |
122,914 |
16.08% |
|
Net Profit |
113,433 |
97,955 |
15.80% |
|
Capital Adequacy (%) |
7.59 |
7.03 |
7.97% |
|
NPL (%) |
4.5 |
4.49 |
0.22% |
|
Annualized EPS (In Rs.) |
34.64 |
29.91 |
15.80% |
|
Net Worth per Share (In Rs.) |
158.65 |
136.36 |
16.35% |
|
PE Ratio (times) |
12.27 |
- |
- |
.png)
