Huge rise in other operating income results excellent rise in Net Profit of Jyoti Bikas Bank by 38.19% in Q3; EPS stands at Rs 20.89
Thu, Apr 22, 2021 5:20 AM on Financial Analysis, Latest,
Jyoti Bikash Bank Limited (JBBL) has published its third-quarter report for the FY 2077/78 with an excellent rise in net profit by 38.19%.
The development bank’s profit has increased from Rs 43.60 crore in the third quarter of the fiscal year 2076/77 to Rs 60.25 crore in the third quarter of the fiscal year 2077/78. In the same quarter, the bank has Rs 43.31 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has a growth rate of 24.80% (compared to the immediate previous year ending) to Rs 45.31 arba and loans and advances to customers have increased by 33.04% (compared to the immediate previous year ending) to Rs 39.53 arba in the third quarter. The bank's net interest income has decreased by 6.33% to Rs 1.01 arba from Rs 1.08 arba of the corresponding quarter.
The banks have earned a huge amount of Rs 43.06 crore as other operating income.
The bank’s paid-up capital stands at Rs 3.84 arba with Rs 1.28 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has decreased to 0.58% from 0.76%.
In the third quarter, the annualized EPS of the bank stands at Rs 20.89. The net worth per share stands at Rs 133.53 and the qtr end PE ratio stands at 12.73 times.
Financial Highlights:
* Figure is of Immediate Previous Year Ending
| Particulars (In Rs '000") | Jyoti Bikas Bank Limited | ||
|---|---|---|---|
| Q3 2077/78 | Q3 2076/77 | Difference | |
| Share Capital* | 3,844,823 | 3,495,293 | 10.00% |
| Share Premium* | 0 | 0 | |
| Retained Earnings* | 436,987 | 353,376 | 23.66% |
| Reserves* | 852,146 | 655,339 | 30.03% |
| Deposits from Customers* | 45,319,921 | 36,313,631 | 24.80% |
| Loans & Advances to customers* | 39,539,260 | 29,719,030 | 33.04% |
| Net Interest Income | 1,018,963 | 1,087,821 | -6.33% |
| Other Operating Income | 430,658 | 43,592 | 887.94% |
| Impairment Charge/(Reversal) | 124,195 | 80,714 | 0.00% |
| Personnel Expenses | 398,511 | 366,057 | 8.87% |
| Operating Profit | 861,466 | 623,153 | 38.24% |
| Profit/(Loss) for the Year | 602,513 | 436,007 | 38.19% |
| Total Comprehensive Income | 629,947 | 410,389 | 53.50% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 433,140 | ||
| Capital Adequacy Ratio (CAR) | 12.68 | 15.49 | -18.14% |
| NPL | 0.58 | 0.76 | -23.68% |
| CCD (as per NRB Directives) | 79.54 | 75.64 | 5.16% |
| Cost of Fund (%) | 5.77 | 8.43 | -31.55% |
| Interest Rate Spread (%) | 4.62 | 4.94 | -6.48% |
| Base Rate (%) | 8.57 | 11.16 | -23.21% |
| Annualized EPS (In Rs.) | 20.89 | 16.63 | 25.63% |
| Net Worth per Share (In Rs.) | 133.53 | 128.86 | 3.62% |
| Qtr End PE Ratio (times) | 12.73 | - | - |
| Qtr End Market Price | 266 | - | - |
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