Jyoti Bikas Bank’s profit rises by 13.67% in the third quarter; Quarterly report shows EPS at Rs 11.43
Mon, Apr 23, 2018 2:08 AM on Financial Analysis, Latest, Stock Market,
Jyoti Bikas Bank Limited (JBBL) has posted a net profit surge of 13.67 percent in the third quarter of the fiscal year 2074/75.
As per the unaudited financial report for the third quarter published today, the development bank has stated that it has accumulated net profit of Rs 22.24 crore in the Q3 up from Rs 19.56 crore in the corresponding period of previous fiscal year report.
Its net interest income increased to Rs 53.06 crore in Q3 from Rs 35.61 crore in the corresponding quarter previous year. The bank has collected deposits of Rs 15.06 arba while it has mobilized loans and advances of Rs 13.85 arba in Q3. The deposit and loan amount stood at Rs 9.35 arba and Rs 8.38 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 42 crore.
Its non performing loan (NPL) has increased from 0.99% in previous quarter to 1.27% in Q3. Its Earnings per Share (annualized) remains at Rs 11.43 and net worth per share stands at Rs 116.35. Its P/E ratio stands at 12.51 times.
Major Highlights:
|
Particulars (In Rs '000) |
JBBL |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
2,593,609 |
1,101,041 |
135.56% |
|
Reserve & Surplus |
423,939 |
340,094 |
24.65% |
|
Deposits |
15,062,719 |
9,357,580 |
60.97% |
|
Borrowings |
625,000 |
- |
- |
|
Loans & Advances |
13,854,186 |
8,384,743 |
65.23% |
|
Net Interest Income |
530,680 |
356,124 |
49.02% |
|
Provision for possible losses |
59,896 |
24,167 |
147.84% |
|
Operating Profit |
341,316 |
237,446 |
43.74% |
|
Net Profit |
222,410 |
195,658 |
13.67% |
|
NPL (%) |
1.27 |
0.99 |
28.28% |
|
Annualized EPS (In Rs.) |
11.43 |
23.69 |
-51.74% |
|
Net Worth per Share (In Rs.) |
116.35 |
130.89 |
-11.11% |
|
P/E Ratio (In times) |
12.51 |
- |
- |
