Jyoti Bikas Bank registers Rs 17 crore profit in Q2; EPS and Net worth per share stand at Rs 13.14 and Rs 117.64 respectively
Wed, Jan 23, 2019 8:45 AM on Financial Analysis, Latest, Stock Market,
Jyoti Bikas Bank Limited (JBBL) has posted a net profit surge of 18.77 percent in the second quarter of the fiscal year 2075/76.
As per the unaudited financial report for the second quarter published today, the development bank has stated that it has accumulated net profit of Rs 17.04 crore in the Q2 up from Rs 14.35 crore in the corresponding period of previous fiscal year report.
Its net interest income increased to Rs 46.67 crore in Q2 from Rs 34.15 crore in the corresponding quarter previous year. The bank has collected deposits of Rs 23.58 arba while it has mobilized loans and advances of Rs 20.33 arba in Q2. The deposit and loan amount stood at Rs 13.45 arba and Rs 12.45 arba respectively in the previous year corresponding quarter.
Jyoti Bikas Bank has a paid up capital of Rs 2.59 arba and reserve of Rs 45.76 crore.
Its non performing loan (NPL) has decreased from 1.42% in corresponding quarter to 0.59% in Q2. Its Earnings per Share (annualized) remains at Rs 13.14 and net worth per share stands at Rs 117.64. Its P/E ratio stands at 10.5 times.
Major Highlights:
|
Particulars (In Rs '000) |
JBBL |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
2,593,809 |
2,593,809 |
0.00% |
|
Reserve & Surplus |
457,462 |
344,037 |
- |
|
Deposits |
23,584,875 |
13,456,299 |
75.27% |
|
Borrowings |
2,027,330 |
465,000 |
335.98% |
|
Loans & Advances |
20,333,929 |
12,450,872 |
63.31% |
|
Net Interest Income |
466,676 |
341,564 |
36.63% |
|
Provision for possible losses |
77,288 |
42,208 |
83.11% |
|
Operating Profit |
267,823 |
218,494 |
22.58% |
|
Net Profit |
170,448 |
143,508 |
18.77% |
|
NPL (%) |
0.59 |
1.42 |
-58.45% |
|
Annualized EPS (In Rs.) |
13.14 |
11.07 |
18.77% |
|
Net Worth per Share (In Rs.) |
117.64 |
113.26 |
3.86% |
|
P/E Ratio (In times) |
10.5 |
- |
|
