Jyoti Bikas Bank earns Rs 28.53 crore till Q3; EPS and PE stands at Rs 12.27 and 11.41 times respectively
Tue, May 7, 2019 7:15 AM on Financial Analysis, Latest,
Jyoti Bikas Bank Limited (JBBL) net profit increased by satisfactory 28.31 percent in the third quarter of the fiscal year 2075/76.
As per the unaudited financial report for the third quarter published today, the development bank has stated that its net profit rises from Rs 22.24 crore in corresponding quarter to Rs 28.53 crore till Q3 of current fiscal year.
Its net interest income increased to Rs 80.08 crore till Q3 from Rs 53.06 crore in the corresponding quarter previous year. The bank has collected deposits of Rs 27.20 arba while it has mobilized loans and advances of Rs 23.90 arba till Q3. The deposit and loan amount stood at Rs 15.06 arba and Rs 13.85 arba respectively in the previous year corresponding quarter.
Jyoti Bikas Bank has a paid up capital of Rs 3.10 arba and reserve of Rs 63.41 crore.
Its non-performing loan (NPL) has decreased from 1.27% in corresponding quarter to 0.92% in Q3.
Its Earnings per Share (annualized) remains at Rs 12.27 and net worth per share stands at Rs 120.46. Its P/E ratio stands at 11.41 times.
Major Highlights:
|
Particulars (In Rs '000) |
Jyoti Bikash Bank |
||
|---|---|---|---|
|
Q3 2075/76 |
Q3 2074/75 |
Difference |
|
|
Paid Up Capital |
3,100,039.00 |
2,593,609.00 |
19.53% |
|
Reserve & Surplus |
634,185.00 |
423,939.00 |
49.59% |
|
Deposits |
27,207,589.00 |
15,062,719.00 |
80.63% |
|
Loans & Advances |
23,906,451.00 |
13,854,186.00 |
72.56% |
|
Net Interest Income |
800,898.00 |
530,680.00 |
50.92% |
|
Staff Expenses |
208,262.00 |
114,584.00 |
81.75% |
|
Provision for possible losses |
109,871.00 |
59,896.00 |
- |
|
Operating Profit |
447,732.00 |
341,316.00 |
31.18% |
|
Net Profit |
285,385.00 |
222,410.00 |
28.31% |
|
Capital Adequacy (%) |
16.49 |
23.03 |
-28.40% |
|
NPL (%) |
0.92 |
1.27 |
-27.56% |
|
Cost of Fund (%) |
8.62 |
9.04 |
-4.65% |
|
Base Rate (%) |
11.68 |
12.65 |
-7.67% |
|
Annualized EPS (In Rs.) |
12.27 |
11.43 |
7.35% |
|
Net Worth per Share (In Rs.) |
120.46 |
116.35 |
3.53% |
|
PE Ratio (times) |
11.41 |
- |
- |
