Green Development bank shows incredible progress in Q2 75/76; EPS and P/E ratio stands Rs 3.44 and 31.07 times
Tue, Feb 5, 2019 11:46 AM on Financial Analysis, Latest, Stock Market,
Green Development Bank Limited ( GRDBL ) has published a Q2 report of the fiscal year 2075/76.
The bank has reported a net profit of Rs 86 lakh in Q2 2075/76. The net profit of the company has increased massively by 490.4% compared to Rs 15 lakh in the Q2 2074/75.
The development bank has collected deposits of Rs 58.05 crore and has floated loans of Rs 78.09 crore in the Q2 2075/76. Deposits of the company have increased massively by 74.39%; whereas, the Loans & advances decreased by -2.32%, compared to the corresponding quarter of last fiscal year.
The net interest income of the company has grown tremendously by 180.77%, from Rs 96 lakhs to Rs 2.7 crore in Q2 2075/76.
The company has shown gigantic growth in operating profit by 1088.06% to Rs 1.03 crore in Q2 2075/76 from negative 10 lakhs in the corresponding quarter of last fiscal year.
The development bank's' Paid-Up capital stands at Rs 50.0 crore with reserved of Rs 1.54 crore. The bank's NPL has decreased by -23.33% to 2.3% in Q2 2075/76.
The EPS and net worth of share stand at Rs 3.44 and Rs 103.07 in Q2 2075/76 respectively. P/E ratio according to the report is 31.07 times.
Financial Highlights of Q2 75/76
| Particulars (In Rs '000) | GRDBL | ||
|---|---|---|---|
| Q2 2075/76 | Q2 2074/75 | Difference | |
| Paid Up Capital | 500,000 | 100,000 | 400.00% |
| Reserve & Surplus | 15,365 | -5,576 | 375.56% |
| Deposits | 580,521 | 594,299 | -2.32% |
| Loans & Advances | 780,926 | 447,816 | 74.39% |
| Net Interest Income | 27,038 | 9,630 | 180.77% |
| Provision for possible losses | 8,532 | 5,755 | 48.25% |
| Operating Profit | 10,345 | -1,047 | 1088.06% |
| Net Profit | 8,608 | 1,458 | 490.40% |
| NPL to total loan (%) | 2.3 | 3 | -23.33% |
| Annualized EPS (In Rs.) | 3.44 | 2.916 | 18.08% |
| Net Worth per Share (In Rs.) | 103.07 | 94.424 | 9.16% |
| P/E Ratio (In times) | 31.07 |
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