Garima Bikas Bank Reports Satisfactory Growth In Profitability Indicators In Q3
Wed, Apr 20, 2022 6:10 AM on Latest, Company Analysis,
Garima Bikas Bank Limited (GBBL) has published its third-quarter report for the FY 2078/2079 with an increment in Net Profit by 15.69%. The bank's net profit has increased from Rs. 67.82 crores in the third quarter of FY 2077/2078 to Rs. 78.46 crores in the third quarter of FY 2078/2079.
The bank’s deposits from customers increased by 4.63% to Rs. 66.86 Arba (compared to the immediate previous year ending) whereas loans and advances to customers increased by 15.74% to Rs. 59.82 Arba (compared to the immediate previous year ending) till the third quarter. The bank's Net Interest Income (core business income) has increased by 37.24% to Rs. 1.85 Arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 4.57 Arba with Rs. 1.84 Arba in Reserve and surplus. The Non-performing loan (NPL) stood at 1.02%.
The annualized earnings per share (EPS) of the Bank stood at Rs. 22.84 and Net worth per share stood at Rs. 128.08. The company traded at a P/E multiple of 17.95 times.
Major Highlights:
|
Particulars |
Garima Bikas Bank Limited |
||
|---|---|---|---|
|
Q3, 2078/2079 |
Q3, 2077/2078 |
Difference |
|
|
Paid-Up Capital |
4,579,892.40 |
3,675,912.50 |
24.59% |
|
Share Premium |
97.07 |
97.07 |
0.00% |
|
Retained Earnings |
558,344.81 |
624,267.90 |
-10.56% |
|
Reserves |
1,286,028.12 |
1,047,794.86 |
22.74% |
|
Deposit from Customers |
66,863,111.03 |
63,902,087.20 |
4.63% |
|
Loans & Advances |
59,821,495.73 |
51,687,370.84 |
15.74% |
|
Net Interest Income |
1,859,132.04 |
1,354,697.05 |
37.24% |
|
Impairment Charge/(Reversal) for loans |
162,918.79 |
199,048.93 |
- |
|
Operating Profit |
1,120,266.00 |
968,921.02 |
15.62% |
|
Net Profit |
784,690.20 |
678,276.21 |
15.69% |
|
Capital Adequacy (%) |
13.92% |
11.63% |
- |
|
NPL (%) |
1.02% |
0.58% |
- |
|
Cost of fund (%) |
8.63% |
6.14% |
- |
|
EPS (Rs.) |
22.84 |
24.60 |
- |
|
Net worth per share (Rs.) |
128.08 |
128.50 |
- |
|
Qtr end PE ratio (Times) |
17.95 |
- |
- |
|
Qtr End Market Price |
410 |
- |
- |
