Jyoti Bikash Bank's net profit rises by a whopping 68.79% after M&A; Bank reports Rs 50 crore in net profit for Q4 2075/76

Thu, Aug 15, 2019 2:58 PM on Financial Analysis, Latest,

Jyoti Bikas Bank Limited (JBBL) net profit increased by a whopping 68.79 percent in the fourth quarter of the fiscal year 2075/76.

As per the unaudited financial report for the fourth quarter published, the development bank has stated that its net profit has risen from Rs 29.62 crore in corresponding quarter to Rs 50 crore till Q4 of current fiscal year.

Its net interest income increased to Rs 1.24 arba till Q4 from Rs 76.85 crore in the corresponding quarter previous year. The bank has collected deposits of Rs 29.23 arba while it has mobilized loans and advances of Rs 25.78 arba till Q4. The deposit and loan amount stood at Rs 19.55 arba and Rs 16.10 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 84.57 crore.

Its non-performing loan (NPL) has increased from 0.4% in corresponding quarter to 0.64% in Q4.

Its Earnings per Share (annualized) remains at Rs 16.13 and net worth per share stands at Rs 127.28. Its P/E ratio stands at 10.1 times.

Q4 report

Major Highlights:

Particulars (In Rs '000) JBBL
Q4 2075/76 Q4 2074/75 Difference
Paid Up Capital 3,100,039.00 2,593,609.00 19.53%
Reserve & Surplus 845,762.00 287,014.00 194.68%
Deposits 29,238,933.00 19,554,267.00 49.53%
Borrowings 1,833,190.00      510,000.00 259.45%
Loans & Advances 25,785,275.00 16,100,413.00 60.15%
Net Interest Income 1,241,932.00 768,554.00 61.59%
Provision for possible losses 109,395.00 84,549.00 29.39%
Operating Profit 788,675.00 466,649.00 69.01%
Net Profit 500,110.00 296,295.00 68.79%
Capital Adequacy (%) 16.23 19.25 -15.69%
NPL (%) 0.64 0.4 60.00%
CCD Ratio (%) 75.56 71.4 5.83%
Cost of Fund (%) 8.41 9.31 -9.67%
Annualized EPS (In Rs.) 16.13 11.42 41.24%
Net Worth per Share (In Rs.) 127.28 111.07 14.59%
PE Ratio (times) 10.1 12.34 -18.15%