Garima Bikas Bank has published first quarter report of FY 2075/76. It has reported surge in net profit by 168.45% in Q1.
As per the published report, the development bank has reported increased in net profit to Rs.9.18 crore in this Q1 of Fiscal year 2075/76 from Rs.3.42 crore in the same period of last fiscal year 2074/75.
During the period the bank has collected deposit of Rs.22.88 arba & floated in loan & advances of Rs.20.81 arba. Deposit increased by 48.62% & loan expansion increased by 47.45% in the comparing period.
Its net interest income increased to Rs.30.03 crore in Q1 from Rs.18.51 crore in the last corresponding quarter. Operating profit increased to Rs. 13.43 crore from Rs.5.31 crore in the last year. Operating profit grown by 152.71% in the comparing period.
Its paid up capital is Rs.2.78 arba with reserves of Rs.46.49 crore.
Its non performing loan stands at 0.84% from 1.02% from the last year.
Annualized earning per share is Rs.13.18. Net worth per share is Rs.116.67. PE ratio stands at 13.66 times
