Green Development Bank Limited (GRDBL) has stated excellent profit growth of 163.76 percent in the fourth quarter (Q4) of the current fiscal year 2073/74 but amount of profit earned by the bank is comparatively low with respect to its capital.
Publishing the unaudited financial report for the fourth quarter today, the development bank stated that its net profit rose to Rs 30.57 lakh in the current fiscal year 2073/74, up from Rs 11.59 lakh in the corresponding period of the previous fiscal year 2072/73.
Its net interest income has risen from Rs 2.01 crore in corresponding quarter to Rs 1.12 crore in the current quarter.
GRDBL’s paid up capital remains at Rs. 10 crore with negative reserve of Rs 70.35 lakh in Q4.
GRDBL’s annualized earning per share (EPS) stands at Rs 3.06, net worth per share at Rs 92.97 and the P/E ratio at 204.90 times.
Moreover, GRDBL is seeking approval from SEBON for issuing 400% right shares. But investors should be conscious whether is it good to invest in such companies which has negative reserve, low earning per share and P/E ratio. So, one should not fall in the greed for 400% right shares. After issuance of 400% right shares, its paid up capital will reach Rs 50 crore.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
100,000 |
100,000 |
- |
| Reserve and Surplus |
(7,035) |
(8,334) |
(15.59) |
| Deposits |
478,200 |
338,450 |
41.29 |
| Loans and Advances |
361,715 |
307,749 |
17.54 |
| Net Interest Income |
20,147 |
11,298 |
78.32 |
| Provision |
6,498 |
2,657 |
144.56 |
| Write Back |
4,596 |
302 |
1,421.85 |
| Operating Profit |
(1,539) |
857 |
(279.58) |
| Net Profit |
3,057 |
1,159 |
163.76 |
| Capital Adequacy Ratio (%) |
2,041.00 |
25.52 |
7,897.65 |
| NPL (%) |
1.58 |
0.88 |
79.55 |
| Cost of Funds (%) |
8.01 |
6.55 |
22.29 |
| CD Ratio (as per NRB) (%) |
64.43 |
72.61 |
(11.27) |
| EPS (Annualized) |
3.06 |
1.16 |
163.76 |
| Net Worth Per Share |
92.97 |
91.67 |
1.42 |
| P/E Ratio |
204.90 |
- |
|
Mahalaxmi Bikas Bank Limited (MLBL) has soared its net profit with growth of 95.37 percent for fourth quarter (Q4) in the last FY 2073/2074.
According to the published unaudited financial report, the development bank lifted its net profit from Rs 36.29 crore in Q4 of the FY 2073/2074 to Rs 70.91 crore in Q4 of the FY 2073/2074.
The net interest income of the development bank has grown by 228.92 percent to Rs 1,24 arba from Rs 37.93 crore in Q4 of corresponding previous fiscal year 2072/2073.
MLBL has paid up capital of Rs 2.63 arba with growth of 90 percent compare with previous fiscal year 2072/7073 and reserve of Rs 1.07 arba with astonishing growth of 2084.58 percent.
The development bank has collected deposits of Rs 25.13 arba in Q4, up from Rs 10.86 arba in the corresponding quarter. Likewise, its extended loans and advances have risen to Rs 20.71 arba in Q4 whereas in the previous fiscal year it was Rs 8.76 arba.
Its non-performing loan (NPL) is down to 3.63 percent in Q4 from 4.17 percent in the previous fiscal year, while capital adequacy ratio (CAR) is up by 21.93 percent to 14.62 percent compare to previous fiscal year.
MLBL’s earring per share (EPS) is slightly up from Rs 26.18 to Rs 26.92 in the corresponding quarter. Its net worth per share is at Rs 140.70 with growth of 35.89 percent and the CD ratio at 71.84 percent.
Mahalaxmi Bikas Bank Limited and Yeti Development Bank Limited have received final merger approval from NRB to commence its joint transaction from Asadh 18, 2074 in the name of Mahalaxmi Bikas Bank Limited.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
2,633,797 |
1,386,233 |
90.00 |
| Reserve and Surplus |
1,071,929 |
49,068 |
2,084.58 |
| Deposits |
25,136,613 |
10,861,293 |
131.43 |
| Loans and Advances |
20,718,816 |
8,768,662 |
136.28 |
| Net Interest Income |
1,247,776 |
379,359 |
228.92 |
| Provision |
380,649 |
177,924 |
113.94 |
| Write Back |
556,442 |
423,654 |
31.34 |
| Operating Profit |
527,971 |
91,843 |
474.86 |
| Net Profit |
709,145 |
362,969 |
95.37 |
| Capital Adequacy Ratio (%) |
14.62 |
11.99 |
21.93 |
| NPL (%) |
3.63 |
4.17 |
(12.95) |
| Cost of Funds (%) |
7.00 |
5.09 |
37.52 |
| CD Ratio (as per NRB) (%) |
71.84 |
71.34 |
0.70 |
| Base Rate (%) |
11.38 |
9.90 |
14.95 |
| EPS (Annualized) |
26.92 |
26.18 |
2.83 |
| Networth Per Share |
140.70 |
103.54 |
35.89 |
