Garima Bikas Bank (GBBL) has reported healthy growth in the fourth quarter of the fiscal year 2075/76. The development bank has shown a growth in profit by 30 percent from the previous year. The net profit stands at Rs. 59.23 crores, up from Rs. 45.53 crores of last year. The rise in net profit is due to the increase in the net interest income by almost 38 percent. Until the fourth quarter of 2075/76, Garima Bikas Bank earned a net interest income of Rs. 140.53 crores. In the previous fiscal year, the company had earned Rs. 102.09 crores as the net interest income.
Major growth is also seen in the deposits and loans in this fiscal year. The deposits and loans of Garima Bikas Bank have grown by almost 38 percent and 51 percent until the fourth quarter. The total deposits stood at Rs. 26.79 Arba. Likewise, the bank has total loans and advances of Rs. 28.20 Arba.
The paid-up capital has increased by 10 percent to Rs. 2.79 Arba. Similarly, the development bank has a reserve and surplus of Rs. 99 crores.
The distributable profit of the bank is Rs. 45.31 crores. So, the bank has the capacity to pay 16 percent in dividends. The NPL of the bank has declined to 0.20 percent. Likewise, the base rate has also fallen to 11.09 percent.
As per the fourth-quarter report, Garima Bikas Bank has an EPS of Rs. 21.24. Also, the net-worth per share is Rs. 135.46. The share of GBBL was trading at Rs. 224 at the end of the fourth quarter. At this price, the p/e ratio is 10.55.
The report of Garima Bikas Bank is summarized in the table below:
Financial Highlights of Garima Bikas Bank, Fourth Quarter, 2075/76
|Headings||4th Qtr, F.Y. 2075/76||4th Qtr, F.Y. 2074/75||Percent change|
|Paid-up capital(Rs.’ Arba’)||2.79||2.53||10.28|
|Reserve and Surplus(Rs.’ Arba’)||0.99||0.76||30.26|
|Loans & Advances(Rs.’Arba’)||28.20||18.64||51.29|
|Net Interest Income(Rs.’crores’)||140.53||102.09||37.65|
|Distributable Profit (Rs. ‘crores’)||45.31|
|Non Performing Loans, NPL(%)||0.20||0.27||-25.93|
|Earnings Per Share, EPS(Rs.)||21.24||18.50||14.81|
|Net-worth Per Share, (Rs.)||135.46||130||4.23|
|Market Price per share (Rs.) [Ashad 31,2076]||224|
|P/E ratio [based on Ashad 31 price]||10.55|