GBBL Extends Core Business Revenue in Q4; Net Profits at Rs. 1.21 Arba; Impairment Allocation Increases
Sun, Aug 6, 2023 10:29 AM on Latest, Financial Analysis,
Garima Bikas Bank Limited (GBBL) has published its fourth-quarter report for the recently concluded financial year 2079-80 with a steady increase of 18.19 percent in its Net profits. As of FY 2079-80’s end, the development bank has made Rs. 1.21 Arba as opposed to only Rs. 1.03 Arba that the bank earned in the corresponding quarter of the FY 2078-79.
Both the Net Interest Income and Operating Profit of the company have increased impressively by 23.64 and 15.50 percent, respectively. As of the end of the past fiscal year the bank through its core business revenue brought in Rs. 3.20 Arba while up to the same period, the Operating profit stood at Rs. 1.72 Arba.
The deposits from customers have increased by 12.50 percent totaling Rs. 76.96 Arba as of the end of the past financial year, while the loan disbursement too has increased by 7.20 percent.
The impairment allocation of the company has increased and sums up to Rs. 42 crores as of the end of the past fiscal year.
The Earnings per Share (EPS) of the bank stood at Rs. 23.47, alongside a Net worth per Share of Rs. 149.50 at the end of FY 79-80.
The distributable profit of the development available for distribution amongst its shareholders as of Ashad 31, 2080 is Rs. 55.72 crores while up to the same period, the distributable profit per share despite an EPS in the aforementioned amount is only Rs. 10.74.
GBBL maintains Rs. 5.18 Arba in paid-up capital while its reserves and surplus stand at Rs. 2.56 Arba in reserves and surplus.
Major Financial Highlights:
| Particulars (In Rs '000) | Garima Bikas Bank | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 5,187,687.06 | 4,579,892.40 | 13.27% |
| Share Premium | 4,415.33 | 92,311.74 | -95.22% |
| Retained Earnings | 557,271.54 | 584,442.11 | -4.65% |
| Reserves | 2,006,468.93 | 1,339,891.00 | 49.75% |
| Deposits | 76,964,158.23 | 68,410,212.44 | 12.50% |
| Loans & Advances | 62,226,805.40 | 58,046,661.34 | 7.20% |
| Net Interest Income | 3,207,067.97 | 2,593,862.55 | 23.64% |
| Personnel Expenses | 896,637.56 | 830,218.93 | 8.00% |
| Impairment Charges/(Reversal) for loans and advances | 420,877.48 | 172,760.39 | 143.62% |
| Operating Profit | 1,720,762.53 | 1,489,824.87 | 15.50% |
| Net Profit | 1,217,371.75 | 1,030,013.99 | 18.19% |
| Distributable profit | 557,271.54 | 584,442.11 | -4.65% |
| Distributable profit per Share | 10.74 | 12.76 | -15.83% |
| Base Rate (%) | 11.78 | 11.41 | 3.24% |
| Capital Adequacy (%) | 13.71 | 13.49 | 1.63% |
| Non-performing Loan (NPL) (%) | 1.55 | 0.85 | 82.35% |
| Cost of Fund (%) | 9.61 | 9.29 | 3.44% |
| EPS (In Rs.) | 23.47 | 22.49 | 4.34% |
| Net Worth per Share (In Rs.) | 149.50 | 144.03 | 3.80% |
| PE ratio (times) | 17.26 | - | - |
| Qtr End Market Price | 405 | - | - |
