Jyoti Bikas net profit upswings by 55.28 % in Q4; NPA dropped to 2.08%
Wed, Aug 5, 2015 12:00 AM on Financial Analysis,
ShareSansar, August 5;
National Level development bank Jyoti Bikas Bank Limited (JBBL) net profit upturned by 55.28 % in the fourth quarter of the last fiscal year 2071/72.
According to the unaudited quarterly report published today, the company’s net profit increased by 9.76 crore in the last Q4 from 6.28 crore in the corresponding period of the previous fiscal year. It mobilized Rs 6 arba 33 crore in deposits in the last Q4 as compared to Rs 5 arba 18 crore in the corresponding quarter of the previous fiscal year.
The Bank has made slight rise in the net interest income of Rs 28.09 crore as compared to the 23.54 crore in the corresponding quarter of the previous fiscal year.
The paid up capital of the Bank remains Rs 84.72 crore. Its operating profit is Rs 12.42 crore. The bank extended its loan and advances to Rs 5.06 arba from Rs 4.30 arba in the corresponding quarter of the previous fiscal year.
Its non performing loan (NPL) stands dropped from 2.67% in the corresponding period of the previous fiscal year to 2.08% in the last Q4.The CD ratio remains 69.10%. The bank has managed to write back 2.96 crore.
It’s EPS (annualized) stands at Rs 11.52, net worth per share Rs 118.51 and P/E ratio at 14.23 times.
Jyoti Bikas Bank is established with a primary focus on financing for the development of Hydropower and Infrastructure and providing banking facilities to the general public for various purposes.
Jyoti Bikas Bank Limited |
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| Rs. In "000" | |||
| 4th Qtr. FY 2071/72 | 4th Qtr. FY 2070/71 | Growth (%) | |
| Paid-up Capital (Rs.) | 847,226.00 | 847,226.00 | 0.00% |
| Reserve (Rs.) | 156,856.00 | 59,225.00 | 164.85% |
| Deposits (Rs.) | 6,332,900.00 | 5,185,427.00 | 22.13% |
| Loans and Adv. (Rs.) | 5,067,571.00 | 4,446,717.00 | 13.96% |
| Net Interest Income (Rs.) | 280,970 | 235,417 | 19.35% |
| Provision for Possible Losses (Rs.) | 48,863.00 | 40,651.00 | 20.20% |
| Operating Profit (Rs.) | 124,223.00 | 102,222.00 | 21.52% |
| Write Back (Rs.) | 29,631.00 | 12.00 | 246825.00% |
| Net Profit (Rs.) | 97,631.00 | 62,873.00 | 55.28% |
| Capital Adequacy Ratio (%) | 17.40% | 18.43% | -5.59% |
| Cost of Funds (as per NRB) (%) | 6.01% | 6.52% | -7.82% |
| Earning Per Share (annualised) | 11.52 | - | - |
| P/E Ratio (Times) | 14.23 | - | - |
| Net Worth per Share (Rs.) | 118.51 | - | - |
