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 Deve...

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.

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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