Lumbini Bikas Bank reports tremendous rise in net profit in Q1 report; Jyoti Bikas Bank’s annualized EPS reaches Rs 9.78
Thu, Nov 1, 2018 8:16 AM on Financial Analysis, Latest, Stock Market,
Lumbini Bikas Bank Limited (LBBL) has reported tremendous boost in net profit in the first quarter of the fiscal year 2075/76.
As per the report published in newspaper, the development bank has stated that its net profit increased to Rs 8.11 crore in Q1 from Rs 1.61 crore reported in the corresponding quarter of the previous fiscal year 2074/75.
It has collected deposits of Rs 21.84 arba and floated loans of Rs 20.08 arba in Q1 of the current fiscal year.
It’s paid up capital remains at Rs 2.17 arba and has reserve of Rs 1.22 arba.
The development bank’s provision for possible losses decreased by 54.79% to Rs 1.16 crore in the first quarter of the fiscal year from Rs 2.58 crore in the corresponding quarter last year. Its non-performing loan (NPL) decreased to 2.86% from 3.16%.
Its Earning Per Share (EPS) now stands at Rs 14.93, net worth per share at Rs 156.46 and P/E ratio at 10.92 times.
Major Highlights:
|
Particulars (In Rs '000) |
LBBL |
||
|---|---|---|---|
|
Q1 2075/76 |
Q1 2074/75 |
Difference |
|
|
Paid Up Capital |
2,173,523 |
2,008,878 |
8.20% |
|
Reserve & Surplus |
1,227,170 |
833,858 |
47.17% |
|
Deposits |
21,840,964 |
18,456,748 |
18.34% |
|
Borrowings |
477,133 |
- |
- |
|
Loans & Advances |
20,082,568 |
15,900,085 |
26.30% |
|
Net Interest Income |
204,385 |
107,843 |
89.52% |
|
Provision for possible losses |
11,680 |
25,833 |
-54.79% |
|
Operating Profit |
115,073 |
-6,629 |
- |
|
Net Profit |
81,117 |
16,148 |
402.33% |
|
NPL (%) |
2.86 |
3.16 |
-9.49% |
|
Annualized EPS (In Rs.) |
14.93 |
3.22 |
364.28% |
|
Net Worth per Share (In Rs.) |
156.46 |
141.51 |
10.57% |
|
P/E Ratio (In times) |
10.92 |
|
|
Jyoti Bikas Bank Limited (JBBL) has posted a net profit surge of 40.08 percent in the first quarter of the fiscal year 2075/76.
As per the unaudited financial report for the first quarter published today, the development bank has stated that it has accumulated net profit of Rs 6.33 crore in the Q1 up from Rs 4.52 crore in the corresponding period of previous fiscal year report.
Its net interest income increased to Rs 20.96 crore in Q1 from Rs 12.89 crore in the corresponding quarter previous year. The bank has collected deposits of Rs 21.04 arba while it has mobilized loans and advances of Rs 17.76 arba in Q1. The deposit and loan amount stood at Rs 11.30 arba and Rs 9.98 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 35.04 crore.
Its non performing loan (NPL) has decreased from 0.82% in corresponding quarter to 0.39% in Q1. Its Earnings per Share (annualized) remains at Rs 9.78 and net worth per share stands at Rs 113.51. Its P/E ratio stands at 14.42 times.
Major Highlights:
|
Particulars (In Rs '000) |
JBBL |
||
|---|---|---|---|
|
Q1 2075/76 |
Q1 2074/75 |
Difference |
|
|
Paid Up Capital |
2,593,609 |
2,206,256 |
17.56% |
|
Reserve & Surplus |
350,410 |
511,447 |
-31.49% |
|
Deposits |
21,041,343 |
11,308,757 |
86.06% |
|
Borrowings |
1,200,000 |
- |
- |
|
Loans & Advances |
17,776,813 |
9,983,785 |
78.06% |
|
Net Interest Income |
209,619 |
128,962 |
62.54% |
|
Provision for possible losses |
32,445 |
21,631 |
49.99% |
|
Operating Profit |
99,657 |
71,132 |
- |
|
Net Profit |
63,398 |
45,259 |
40.08% |
|
NPL (%) |
0.39 |
0.82 |
-52.44% |
|
Annualized EPS (In Rs.) |
9.78 |
8.21 |
19.16% |
|
Net Worth per Share (In Rs.) |
113.51 |
123.18 |
-7.85% |
|
P/E Ratio (In times) |
14.42 |
|
|
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