Garima Bikas Bank registers decent rise of 13.28% in the net profit; Om Development Bank shows negligible profit growth of 0.21% in the third quarter
Wed, Apr 25, 2018 1:29 AM on Financial Analysis, Latest, Stock Market,
Garima Bikas Bank Limited (GBBL) has registered a profit rise of 13.28 percent in the third quarter of the current fiscal year 2074/75.
According to the unaudited financial report published by the national level development bank today, its net profit has surged to Rs 28.15 crore in third quarter, up from Rs 24.85 crore in the corresponding quarter of the last fiscal year 2073/74. The operating profit has increased to Rs 43.69 crore from Rs 38.76 crore as compared to the corresponding quarter of last fiscal year.
Garima Bikas Bank’s deposit base has increased by 39.16% in this period. It now has deposits of Rs 18.63 arba with floated loans worth Rs 17.10 arba. In the same period last year, the figures stood at only Rs 13.39 arba and Rs 12.09 arba respectively. With this, it has been able to increase its net interest income by 28.68% to Rs 69.96 crore.
Its non-performing loan has slightly increased to 0.78 percent in Q3 from 0.74 percent in the previous year report.
Annualized Earnings per share (EPS) of GBBL now stands at Rs 14.81, net worth per share at 122.52, and the P/E ratio as of the end of Q3 at 12.22 times.
Currently, its paid up capital remains at Rs 2.53 arba with reserve of Rs 57.09 crore.
Major Highlights:
|
Particulars (In Rs '000) |
GBBL |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
2,534,880 |
1,296,614 |
95.50% |
|
Reserve & Surplus |
570,926 |
468,960 |
21.74% |
|
Deposits |
18,639,662 |
13,394,570 |
39.16% |
|
Borrowings |
150,000 |
- |
- |
|
Loans & Advances |
17,105,594 |
12,090,493 |
41.48% |
|
Net Interest Income |
699,659 |
543,710 |
28.68% |
|
Provision for possible losses |
103,597 |
45,151 |
129.45% |
|
Operating Profit |
436,924 |
387,656 |
12.71% |
|
Net Profit |
281,565 |
248,552 |
13.28% |
|
NPL (%) |
0.78 |
0.74 |
5.41% |
|
Annualized EPS (In Rs.) |
14.81 |
25.56 |
-42.06% |
|
Net Worth per Share (In Rs.) |
122.52 |
136.17 |
-10.02% |
|
P/E Ratio (In times) |
12.22 |
- |
- |
On the other hand, Om Development Bank Limited (ODBL) has registered a negligible net profit growth of 0.21% in the third quarter of the current FY 2074/75.
According to the unaudited financial report published by the development bank today, its net profit has increased to Rs. 26.62 crore in third quarter, up from Rs. 26.57 crore in the corresponding quarter of the previous fiscal year.
ODBL’s net interest income has risen to Rs 53.96 crore in Q3 as compared to Rs. 53.27 crore in the corresponding quarter of the last fiscal year.
As of Q3, it has a paid up capital of Rs 2.51 arba with a reserve of Rs 67.90 crore.
The bank also collected deposits of Rs 19.14 arba in Q3, up from Rs 13.61 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 17.16 arba in Q3 whereas in the same period last year, the figure stood at Rs. 11.55 arba.
ODBL’s annualized Earnings per Share (EPS) has decreased by 45.80% to Rs 14.12 per share. Its Net worth per share stand at Rs 127 and P/E ratio at 12.96 times.
Major Highlights:
|
Particulars (In Rs '000) |
ODBL |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
2,515,237 |
1,360,282 |
84.91% |
|
Reserve & Surplus |
679,066 |
532,794 |
27.45% |
|
Deposits |
19,147,152 |
13,614,266 |
40.64% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
1,716,093 |
11,552,968 |
-85.15% |
|
Net Interest Income |
539,656 |
532,711 |
1.30% |
|
Provision for possible losses |
47,099 |
60,938 |
-22.71% |
|
Operating Profit |
404,313 |
399,721 |
1.15% |
|
Net Profit |
266,286 |
265,717 |
0.21% |
|
NPL (%) |
0.82 |
1.28 |
-35.94% |
|
Annualized EPS (In Rs.) |
14.12 |
26.05 |
-45.80% |
|
Net Worth per Share (In Rs.) |
127.00 |
139.17 |
-8.74% |
|
P/E Ratio (In times) |
12.96 |
- |
- |
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