Green Development bank has published first quarter report of FY 2075/76. It has reported surge in net profit to Rs.22.09 crore in Q1.
As per the published report, the finance has reported increased in net profit to Rs.22.09 lakh in this Q1 of Fiscal year 2075/76 from loss of Rs.21.35 lakh in the same period of last fiscal year 2074/75.
It has collected deposit of Rs.58.29 crore & floated in loan & advances of Rs.62.82 crore. Deposit increased by 9.32% & loan expansion increased by 71.35% in the comparing period.
Its net interest income increased to Rs.1.20 crore in Q1 from Rs.43.21 lakh in the last corresponding quarter. Operating profit increased to Rs 36.27 lakh from operating loss of Rs.35.79 lakh in the last year.
Its paid up capital is Rs.50 crore with reserves of Rs.1.03 crore. Paid up capital increased by 400%.
Its non performing loan stands at 3.95% from 4.26% from the last year. Cost of fund at 9.06% and credit to deposit is 58.93%.
Annualized earning per share is Rs.2.90. Net worth per share is Rs.102.08. PE ratio stands at 60.67 times.
