Green Development Bank posts decent profit for the first quarter; EPS and net worth per share stand at Rs.2.90 and Rs.102.08 respectively
Tue, Nov 20, 2018 11:03 AM on Financial Analysis, Latest, Stock Market,
Green Development Bank Limited has published the unaudited first quarter report for the fiscal year 75/76. The company posted an increase of 400% in the paid up capital compared to the corresponding quarter of the previous year. The paid up capital was previously at Rs.10 Crore which is currently at Rs.50 Crore. The reserves of the company currently stand at Rs.1.03 Crore. The company posted a 9.32% increase in the deposits while it posted a 71% increase in the loans and advances.
The net interest income of the company grew by almost 180% to stand at Rs.1.20 Crore. The current operating profit stand at Rs.36.27 Lakhs while the net profit stands at Rs.22.09 Lakhs by the end of the first quarter. Provision for possible losses have fallen by 14% to Rs.39.14 Lakhs.
The company posted a 7.28% fall in the NPL. NPL of the company were previously at 4.26% which are currently at 3.95%. The EPS of the company stands at Rs.2.90 and the net worth per share stands at Rs.102.08 for the end of the first quarter.
Highlights
|
Particulars (In Rs '000) |
Q1 75/76 |
Q1 74/75 |
Difference |
|---|---|---|---|
|
Paid Up Capital |
500,000 |
100,000 |
400.00% |
|
Reserve & Surplus |
10,383 |
(9,170) |
- |
|
Deposits |
582,979 |
533,281 |
9.32% |
|
Loans & Advances |
628,210 |
366,620 |
71.35% |
|
Net Interest Income |
12,064 |
4,321.94 |
179.13% |
|
Provision for possible losses |
3,914 |
4,559.51 |
-14.16% |
|
Operating Profit |
3,627 |
(3,579.91) |
- |
|
Net Profit |
2,209.17 |
(2,135.46) |
- |
|
NPL (%) |
3.95% |
4.26% |
-7.28% |
|
EPS (In Rs.) |
2.90 |
(2.15) |
- |
|
Net Worth per Share (In Rs.) |
102.08 |
97.86 |
4.31% |
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