Green Development Bank registers 18.62% increase in net profit; EPS shrinks to only Rs 0.83 after 400% capital increment
Thu, May 17, 2018 12:44 AM on Financial Analysis, Latest, Stock Market,
Green Development Bank Limited (GRDBL) has registered 18.63% increase in net profit in the third quarter of the current fiscal year 2074/75. Its net profit has risen to Rs 25.22 lakh in third quarter this year from Rs 21.26 lakh in the corresponding quarter of the fiscal year 2073/74.
According to the unaudited financial report published by the development bank, its net interest income has increased to Rs 1.61 crore in Q3 as compared to Rs 1.39 crore in the corresponding quarter.
Its paid up capital now stands at Rs 40.42 crore after floating 400% right shares. Deposits collection also increased massively by 49% and has reached Rs 51.84 crore in Q3. Total floated loans has reached Rs 55.03 crore, thus maintaining a CD ratio of 61.28% only. This shows that GRDBL has much more room for credit disbursement.
Its non-performing loan has also decreased to 3.86% in Q3, down from 5.55% in the previous year's report.
Its annualized earnings per share (EPS) stands at Rs 0.83, Net worth per share at Rs 98.88 and P/E ratio at 224 times.
Major Highlights:
|
Particulars (In Rs '000) |
GRDBL |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
404,296 |
100,000 |
304.30% |
|
Reserve & Surplus |
(4,513) |
(7,966) |
- |
|
Deposits |
518,425 |
346,312 |
49.70% |
|
Loans & Advances |
550,285 |
296,371 |
85.67% |
|
Net Interest Income |
16,182 |
13,963 |
15.89% |
|
Provision for possible losses |
2,506 |
523 |
379.16% |
|
Operating Profit |
16 |
1,603 |
-99.00% |
|
Net Profit |
2,522 |
2,126 |
18.63% |
|
NPL (%) |
3.86 |
5.55 |
-30.45% |
|
Annualized EPS (In Rs.) |
0.83 |
2.83 |
-70.66% |
|
Net Worth per Share (In Rs.) |
98.88 |
- |
|
|
P/E Ratio (In times) |
224 |
- |
|
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