Nepal Breaking NewsBusiness Jyoti Bank reports a 38 percent increase in profit.

[Q3 Report] Jyoti Bikas Bank reports a 38 percent increase in profit.

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[Q3 Report] Jyoti Bikas Bank reports a 38 percent increase in profit.

In the third of 2077/78, Jyoti Bikas Bank (JBBL) posted a 38 percent rise in net profit. As compared to the same in the previous fiscal year 2076/77, this is a significant increase. The bank a profit of Rs 60.25 crores in the first nine months of this year, up from Rs 43.60 crores the previous year.

Despite a 6% drop in net interest income, profit has increased. Net interest income for the corporation was Rs 101.89 crores. The bank’s profit has increased due to a significant increase in other operating profits. JBBL registered other operating income of Rs 43.06 crores. In the same span the previous year, such profits totaled Rs 4.35 crores.

The table below summarizes the third quarterly report issued by JBBL.

Summary of Jyoti Bikas Bank’s Third Quarterly Report, 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 . 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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