Garima Bikas Bank Reports 36 Percent Rise In Profit [Q3 Report]
April 20, 2021 | Investopaper
Garima Bikas Bank Limited (GBBL) has posted a net profit of Rs 67.82 crores until the third quarter of the current fiscal year 2077/78. The profit has surged by 36.62 percent as compared to corresponding period the previous fiscal year.
With the rise in profit, the annualized Earnings Per Share (EPS) stands at a satisfactory Rs 24.60.
As of Chaitra end 2077 BS, Garima Bikas Bank has a paid-up capital of Rs 3.67 Arba while the reserve and surplus stood at Rs 1.52 Arba. Until the review period, the bank has collected Rs 59.2 Arba as deposits from customer and floated loans and advances of Rs 50.29 Arba.
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The table below presents the summarized version of the third quarterly report published by GBBL.
Garima Bikas Bank Q3 Report, FY 2077/78
| Financial Indicators | Q3, FY 2077/78 | Q4, 2076/77 | Percent Change |
| Paid up capital (Rs.’Arba’) | 3.67 | 3.23 | 13.62 |
| Reserve and Surplus (Rs.’Arba’) | 1.52 | 1.1 | 38.18 |
| Deposits From Customers (Rs.’Arba’) | 59.2 | 42.43 | 39.52 |
| Loans & Advances To Customers (Rs.’Arba’) | 50.29 | 34.86 | 44.26 |
| Financial Indicators | Q3, FY 2077/78 | Q3, 2076/77 | Percent Change |
| Net Interest Income(Rs.’crores’) | 135.47 | 123.55 | 9.65 |
| Operating Profit (Rs.’crores’) | 96.89 | 70.74 | 36.97 |
| Net Profit (Rs.’crores’) | 67.82 | 49.64 | 36.62 |
| Distributable Profit (Rs.’crores’) | 49.02 | – | |
| Non Performing Loans, NPL(%) | 0.58 | 0.24 | 141.67 |
| Base rate(%) | 8.16 | 10.97 | -25.62 |
| Earnings Per Share, EPS(Rs.) | 24.6 | ||
| Networth Per Share ( Rs.) | 138.92 | ||
| Market Price Per Share (Rs.) [Chaitra end, 2077 BS] | 348 | ||
| P/E Ratio | 14.15 |
Note:
The above figures are based on the un-audited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.
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