Garima Bikas Bank's Q2: Profit rises by 7.16% to Rs 54.92 Crore; Non Performing Loans at 4.72%
Mon, Jan 20, 2025 8:50 AM on Financial Analysis, Latest,
Garima Bikas Bank Limited (GBBL) has published its second-quarter report for the FY 2081/2082 with an increment in Net Profit by 7.16%. The bank's net profit has increased from Rs. 51.25 crores in the second quarter of FY 2080/2081 to Rs.54.92 crores in the second quarter of FY 2081/2082.
The bank’s deposits from customers increased by 3.66% to Rs. 87.33 Arba (compared to the immediate previous year ending) whereas loans and advances to customers increased by 4.75% to Rs. 67.65 Arba (compared to the immediate previous year ending) till the second quarter. The bank's Net Interest Income (core business income) has increased by 2.19% to Rs. 1.84 Arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 5.68 Arba with Rs. 2.84 Arba in Reserve and surplus. The Non-performing loan (NPL) stood at 4.72%.
The annualized earnings per share (EPS) stood at Rs. 19.34 and Net worth per share stood at Rs. 150.16. The company traded at a P/E multiple of 20.12 times.
Additionally, the bank disclosed a distributable profit of Rs 14.76 Crore.
Major Highlights:
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (In Rs '000") | Garima Bikas Bank Limited | ||
|---|---|---|---|
| Q2 2081/82 | Q2 2080/81 | Difference | |
| Share Capital | 56,80,517 | 56,80,517* | 0.00% |
| Share Premium | 0 | 0 | 0.00% |
| Retained Earnings | 1,47,628 | 2,86,403* | -48.45% |
| Reserves | 27,01,730 | 22,91,143* | 17.92% |
| Deposits from Customers | 8,73,32,866 | 8,42,52,756* | 3.66% |
| Loans & Advances to customers | 6,76,58,959 | 6,45,90,518* | 4.75% |
| Net Interest Income | 18,44,624 | 18,05,044 | 2.19% |
| Impairment Charge/(Reversal) | 4,41,985 | 5,40,168 | -18.18% |
| Personnel Expenses | 5,57,571 | 4,61,195 | 20.90% |
| Operating Profit | 7,85,081 | 7,31,780 | 7.28% |
| Profit/(Loss) for the Year | 5,49,266 | 5,12,582 | 7.16% |
| Total Comprehensive Income | 5,55,838 | 4,79,657 | 15.88% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 1,47,628 | ||
| Capital Adequacy Ratio (CAR) | 12.92 | 14.17 | -8.82% |
| NPL | 4.72 | 2.95 | 60.00% |
| CD (as per NRB Directives) | 83.9 | 85.73 | -2.13% |
| Cost of Fund (%) | 5.42 | 8.5 | -36.24% |
| Interest Rate Spread (%) | 4.59 | 4.59 | 0.00% |
| Base Rate (%) | 7.72 | 10.47 | -26.27% |
| Annualized EPS (In Rs.) | 19.34 | 18.05 | 7.16% |
| Net Worth per Share (In Rs.) | 150.16 | 145.38 | 3.29% |
| Qtr End PE Ratio (times) | 20.12 | - | - |
| Qtr End Market Price | 389 | - | - |
