Jyoti, Hamro & Jhimruk Bikash Bank reports astounding profit rises by 40.56%, 71.17% & 38.77% respectively in Q3; trading halted due to merger process

Jyoti Bikas Bank Limited (JBBL) has reported net profit increased by 40.56 % in the third quarter of the current fiscal year 2072/73. According to the unaudited quarterly report published today, the company’s net profit increased by 8.20 crore in the Q3 from 5.83 crore in the corresponding period of the previous fiscal year. Its net interest income of Rs 23.77 crore in Q3 as compared to the 20.30 crore in the corresponding quarter of the previous fiscal year. The bank has collected Rs 7.48 arba in deposits in the Q3 as compared to Rs 5.96 arba in the corresponding quarter of the previous fiscal year. Likewise it has extended its loan and advances to Rs 5.96  arba from Rs 4.77 arba. The paid up capital of the bank remains Rs 92.34 crore with reserve of Rs 16.40 crore in Q3. Its non - performing loan (NPL) stands dropped from 4.30 percent in the corresponding period of the previous fiscal year to 3.40 percent in the third quarter. The bank has managed to write back 3.54 crore. Annualized earning per share (EPS) of the bank stands at Rs 11.85, net worth per share Rs117.76  and P/E ratio at 14.26 times. Similarly, Hamro Bikas Bank Limited (HAMRO) has registered massive profit rise of 71.17 percent in the third quarter of the fiscal year 2072/73. According to the unaudited financial report published by the development bank today, its net profit mounted to Rs. 1.91 crore in the third quarter up from Rs. 1.11 crore in the corresponding quarter of the previous fiscal year. Hamro Bikas Bank’s net interest income has risen to Rs 3.90 crore in the Q3 as compared to Rs. 2.34 crore in the corresponding quarter. It’s paid up capital remains at Rs.12.23 crore with reserve of Rs 2.85 crore in Q3. The development bank also collected deposits of Rs 89.12 crore in Q3, up from Rs 60.15 crore in the corresponding period last year. Likewise, it has extended loans and advances of Rs.78.89 crore in Q3 whereas in the same period last year the figure stood at Rs.55.87 crore. Its non-performing loan increased to 1.44 percent from 0.39 percent in Q3. Hamro Bikas Bank’s annualized earning per share (EPS) stands at Rs.20.82 and Credit to Deposit ratio is 75.85 percent. Likewise, Jhimruk Bikash Bank Limited (JHBL) has registered profit rise of 38.77 percent in the third quarter of the current fiscal year 2072/73. According to the unaudited financial report published by the bank today, its net profit has surged to Rs 1.28 cror  in third quarter up from Rs  92.65 lakh in the corresponding quarter of the last fiscal year 2071/72. Jhimruk Development Bank’s net interest income has risen to Rs 2.79 cror in Q3 as compared to Rs 2.007 crore  in the corresponding quarter. It has paid up capital of Rs 5.97 crore with reserve of Rs 2.05 crore in third quarter. Deposits collection of the development bank reached Rs 71.29 crore in Q3 from Rs 54.26 crore in the corresponding period last year. Likewise, it has extended loans and advances of Rs 61.61 crore in Q3 whereas in the same period last year the figure stood at Rs 43.61 crore. Meanwhile, its non-performing loan (NPL) has also risen to 1.38  percent in Q3 up from 0.85 percent in the previous year report. Its EPS stand at Rs 21.50, net worth per share at 133.69 , and the P/E ratio at 17.86 times. Share transaction of Hamro, Jhimruk and Jyoti Bikash Bank has been halted for the merger process from Mangsir 12, 2072.