In the third quarter of fiscal year 2077/78, Jyoti Bikas Bank Limited (JBBL) posted a 38 percent rise in net profit. As compared to the same time in the previous fiscal year 2076/77, this is a significant increase. The bank made 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|
|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|
|Earnings Per Share, EPS(Rs.)||20.89|
|Networth Per Share ( Rs.)||133.53|
|Market Price Per Share (Rs.) [Chaitra end, 2077 BS]||266|
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.