BAHL witnesses 17.7% rise in profits on the back of better asset pricing

Sep-19

Sep-18

% Change

Mark-up/return/interest earned

73,744,299

42,831,311

72.17%

Mark-up/return/interest expensed

(43,716,560)

(20,326,568)

115.07%

Net mark-up/return/interest income

30,027,739

22,504,743

33.43%

NON MARK-UP/INTEREST INCOME

Fee and commission income

4,228,469

3,367,029

25.58%

Dividend income

301,801

302,353

-0.18%

Foreign exchange income

1,472,717

1,034,004

42.43%

Income/(loss) from derivatives

-

-

(Loss)/ gain on securities - net

(65,030)

23,454

Share of profit from associates

65,213

55,069

18.42%

Other income

442,315

299,156

47.85%

Total non-mark-up/interest income

6,445,485

5,081,065

26.85%

Total Income

36,473,224

27,585,808

32.22%

NON MARK-UP/INTEREST EXPENSES

Operating expenses

(20,386,683)

(17,258,571)

18.12%

Workers welfare fund

(321,054)

(205,432)

56.28%

Other charges

(86,495)

(2,561)

Total non-mark-up/interest expenses

(20,794,232)

(17,466,564)

19.05%

Profit before provisions

15,678,992

10,119,244

54.94%

(Provisions) and write offs - net

(2,811,919)

(156,447)

Extra-ordinary / unusual items

-

-

Profit before taxation

12,867,073

9,962,797

29.15%

Taxation

(5,873,455)

(4,024,416)

45.95%

Profit after taxation

6,993,618

5,938,381

17.77%

Earnings per share - Basic and Diluted (in Rupees)

6.30

5.35

17.76%