Green Development accounts growth in net profit to 25.22 lakh with a traumatic EPS below a rupee.

As per the 3rd quarter report, Green Development Bank has earned a net profit of Rs 25.22 lakh with an EPS of Rs 0.83. The net profit earned this year is 18.63% higher than the previous year. 

The Net Interest Income has increased by 15.89%. The Net Interest Income as of 3rd quarter is Rs 1.61 crore. The operating profit has plunged by 99% in this quarter.

The company has a paid-up capital of Rs 40.42 crore after issuing of 400% right shares. Similarly, the company still has a negative reserve of 4.51 lakh. The company has a net worth per share of Rs 98.88.

In term of deposit collection, a decent growth of 49.70% is seen as the collection rose to 51.84 crores. Similarly, lending has surged by 85.67% as loan extension of Rs 55.03 crore was made throughout the review period.

 

Positive Sides:

• Decent growth in Net Profit. 
• Balanced growth in deposit and lending. 
• CD ratio at 61.28% 

Negative Sides

• Operating Profit decreased by 99%
• High NPL of 3.86%
• Negative Reserve

  

Key Indicartors:

Earning Per Share (EPS)           : Rs 0.83

Price Earning Ratio (P/E Ratio) : 224 times 

Book Value                                 : Rs 98.88

P/b Ratio                                     : 1.69 times