Bhargav Bikas Bank registers 9.53% increase in net profit; EPS and Net worth per share at Rs 8.90 and Rs 124.88 respectively

Mon, May 14, 2018 4:09 AM on Financial Analysis, Latest, Stock Market,

Bhargav Bikas Bank Limited (BHBL) has registered 9.53% increase in net profit in the third quarter of the current fiscal year 2074/75. Its net profit has increased to Rs 2.67 crore in third quarter from Rs 2.43 crore in the corresponding quarter of the fiscal year 2073/74.

According to the unaudited financial report published by the development bank today, its interest income has risen to Rs 7.05 crore in Q3 as compared to Rs 5.70 crore in the corresponding quarter.

The bank’s deposits collection reached Rs 2.58 arba in Q3 and it floated loans of Rs 2.20 arba.

Its non-performing loan has decreased to 0.15% in Q3 of current year, which was 0.44% in Q3 of previous year.

It’s paid up capital remains at Rs 39.98 crore with Rs 9.94 crore in its reserve. The bank had floated 80% right shares after the issuance of which, its paid up capital would reach Rs 47.52 crore.

As per NRB’s requirement for all 1-3 district level development banks to increase their paid up capital to a minimum of Rs 50 crore by the end of FY 2073/74, BHBL will need to issue a further capital hike of Rs 2.48 crore (around 5.25%).

Its annualized earning per share (EPS) stand at Rs 8.90 and Net worth per share at Rs 124.88

Major Highlights: 

Particulars (In Rs '000)

BHBL

Q3 2074/75

Q3 2073/74

Difference

Paid Up Capital

399,863

144,000

177.68%

Reserve & Surplus

99,475

56,906

74.81%

Deposits

2,582,390

1,793,616

43.98%

Borrowings

-

-

-

Loans & Advances

2,202,475

1,440,615

52.88%

Net Interest Income

70,514

67,040

5.18%

Provision for possible losses

5,998

48,454

-87.62%

Operating Profit

41,963

38,310

9.53%

Net Profit

26,703

24,379

9.53%

NPL (%)

0.15

0.44

-65.91%

Annualized EPS (In Rs.)

8.90

22.57

-60.55%

Net Worth per Share (In Rs.)

124.88

139.52

-10.49%