Jyoti & Jhimruk Bikash Bank reports outstanding profit growth of 47.73% & 46.39% respectively in Q4

Jyoti Bikas Bank Limited (JBBL) has reported net profit increased by 47.73% in the fourth quarter of the last fiscal year 2072/73. According to the unaudited quarterly report published today, the company’s net profit increased to 15.21 crore in the Q4 from Rs 10.29 crore in the corresponding period of the previous fiscal year. Its net interest income of Rs 33.10 crore in Q4 as compared to the 28.23 crore in the corresponding quarter of the previous fiscal year. The bank has collected Rs 7.67 arba in deposits in the Q4 as compared to Rs 6.33 arba in the corresponding quarter of the previous fiscal year. Likewise it has extended its loan and advances to Rs 6 arba from Rs 5.06 arba. The paid up capital of the bank remains Rs 92.34 crore with reserve of Rs 23.40 crore in Q4. Its non - performing loan (NPL) stands dropped from 1.98 percent in the corresponding period of the previous fiscal year to 1.39 percent in the fourth quarter. The bank has managed to write back 4.70 crore. Annualized earning per share (EPS) of the bank stands at Rs 16.48, net worth per share Rs 125.35  and P/E ratio at 10.26 times. Likewise, Jhimruk Bikash Bank Limited (JHBL) has registered profit rise of 46.39 percent in the fourth quarter of the last fiscal year 2072/73. According to the unaudited financial report published by the bank today, its net profit has surged to Rs 1.97 crore  in fourth quarter up from Rs  57.73 lakh in the corresponding quarter of the last fiscal year 2071/72. Jhimruk Development Bank’s net interest income has risen to Rs  8.93 crore in Q4 as compared to Rs 2.99 crore  in the corresponding quarter. It has paid up capital of Rs 6.45 crore with reserve of Rs 2.68 crore in fourth  quarter. Deposits collection of the development bank reached Rs 8.073 crore in Q4 from Rs 60.85 crore in the corresponding period last year. Likewise, it has extended loans and advances of Rs 70.89 crore in Q4 whereas in the same period last year the figure stood at Rs 47.72 crore. Meanwhile, its non-performing loan (NPL) has also risen to 0.65 percent in Q4 up from 0.51 percent in the previous year report. Its EPS stand at Rs 33.60, net worth per share at 155.18 , and the P/E ratio at 11.43 percent. Share transaction of Hamro, Jhimruk and Jyoti Bikash Bank has been halted for the merger process from Mangsir 12, 2072.