Looking forward to bid in Bhargav Bikas Bank Auction ? Checkout the company's Q3 performance

Bhargav Bikas Bank is all set to auction 7.53 lakh unclaimed right shares from Jestha 3rd. This includes hefty 6,67,706 unit promoter shares and 85,664 unit ordinary shares. One can apply 100 units or more at any price above Rs 100. 

If you are thinking to place a bid, read and analyze the company's performance. 

Bhargav Bikas Bank has published the 3rd quarter report for th fy 2074/75 today. 

As per the report, the company has earned a net profit of Rs 2.67 crores till the end of 3rd quarter. The net profit was Rs 2.43 crores in the corresponding quarter of the previous fiscal year. This accounts for a decent growth of 9.53%. BHBL now has an eps of Rs 8.90

A sinificant growth is seen both in the interest income and interest expense of the company. As a result, net interest income has surged by meager 5.18% to Rs 7.05 crores. 

Staff expense rose noticably to Rs 2.40 crores from Rs 1.79 crores in the previous year. The operating expense however remained relatively stagnent. Company's income from other operation , fee, comission has significantly increased and has contributed for the rise in net profit.  

Company’s operating profit has increased decently by 9% to Rs 4.19 crores. 

Bhargav Bikas currently has a paid-up capital of Rs 39.98 crores with a reserve of Rs 9.94 crores. The net worth per share for the company stands at Rs 124.88. 

Deposit collection has also tremendously increased to Rs 2.58 arba, from Rs 1.44 arba last year. Similarly, Company's lending has increased massively by 52.88% to Rs 2.20 arba.  

Key Ratios:

EPS                : Rs 8.90
Networth         : Rs 124.88

NPL                 : 0.15%

CCD                : 71.13%

CAR                : 20.44%