Jyoti Bikas Bank Reports Surge In Profit By 38 Percent [Q3 Report]
April 22, 2021 | Investopaper
Jyoti Bikas Bank Limited (JBBL) has reported a 38 percent increase in net profit in the third quarter of the current fiscal year 2077/78. This is as compared to the corresponding period of the previous fiscal year 2076/77. The bank has posted a profit of Rs 60.25 crores in the nine months period, up from Rs 43.60 crores of the same period last year.
The profit has grown despite the fall in net interest income by 6 percent. The company earned Rs 101.89 crores as net interest income. The huge increment in the other operating income of the bank has led to the growth in profit. JBBL has reported Rs 43.06 crores as the other operating income. Such income stood at Rs 4.35 crores in the corresponding period of the last year.
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Dividend History Of Jyoti Bikas Bank Limited (JBBL)
The third quarterly report published by JBBL is summarized in the table below.
Jyoti Bikas Bank Third Quarterly Report Summary, FY 2077/78
| Financial Indicators | Q3, FY 2077/78 | Q4, FY 2076/77 | Percent Change |
| Paid-up capital(Rs.’Arba’) | 3.84 | 3.49 | 10.03 |
| Reserve and Surplus(Rs.’Arba’) | 1.28 | 1 | 28.00 |
| Deposits From Customers (Rs.’Arba’) | 45.32 | 36.31 | 24.81 |
| Loans & Advances To Customers (Rs.’Arba’) | 39.53 | 29.72 | 33.01 |
| Financial Indicators | Q3, FY 2077/78 | Q3, FY 2076/77 | Percent Change |
| Net Interest Income(Rs.’crores’) | 101.89 | 108.78 | -6.33 |
| Operating Profit (Rs.’crores’) | 86.14 | 62.31 | 38.24 |
| Net Profit (Rs.’crores’) | 60.25 | 43.6 | 38.19 |
| Distributable Profit (Rs.’crores’) | 43.31 | – | – |
| Non Performing Loans, NPL(%) | 0.58 | 0.76 | -23.68 |
| Base rate(%) | 8.57 | 11.16 | -23.21 |
| Earnings Per Share, EPS(Rs.) | 20.89 | ||
| Networth Per Share ( Rs.) | 133.53 | ||
| Market Price Per Share (Rs.) [Chaitra end, 2077 BS] | 266 | ||
| P/E Ratio | 12.73 |
Note:
The above figures are based on the unaudited second-quarter 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.
The share price, as well as the P/E ratio, is based on the data of Chaitra end, 2077 BS. At current, the numbers may vary.
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