Jyoti Bikas Bank Profit rises by 92.1% in Q1, NPA decline to 3.48%

ShareSansar, November 5:

Jyoti Bikas Bank Limited (JBBL) net profit rose by 92.1% percent in the first quarter of the current fiscal year 2071/72.

According to an unaudited first quarterly report of the finance company, its net profit rose to Rs 1 crore, up from Rs 52.16 lakh in the corresponding quarter last year.

It mobilized Rs 5.45 arba in deposit and Rs 4.41 arba in loan in the first three months of this fiscal year.
JBBL’s net interest income has increased to Rs 5.15 crore from Rs 5 crore in the first quarter last year.

Its operating profit surged to Rs.1.57 crore from Rs.81.97 lakh whereas Rs.1.15 crore is set aside for provisioning purpose.

Its non-performing loan (NPL) has decreased to 3.48 percent from 4.44 percent in the corresponding quarter, which is a very good sign.

Nonetheless, its EPS stands at Rs 5.08 and its per share net worth is at Rs 116.33 in the same period.