Meager profit growth of Bhargav Bikas Bank by 11.11% in Q1; EPS mere Rs 1.98 in Q1

Nepalgunj based Bhargav Bikas Bank Limited (BHBL) has posted a net profit of Rs 19.80 lakh in Q1 for the fiscal year 2072/73. As compared to the corresponding quarter of the last fiscal year, the net profit has increased by 11.11% As per the unaudited financial report published today, the development bank has reported an operating profit of Rs 31 lakh in Q1 increasing from 25.14 lakh in the corresponding quarter of the previous fiscal year. Bhargav Bikas Bank has a paid up capital of Rs 10 crore in Q1 with reserve Rs 5.47 crore. Its NPL stood at 0.08%. The development bank’s CD ratio is 66.32%. BHBL’s EPS and Net Worth is Rs 1.98 in Q1 and Rs 154.80 respectively.