Agricultural Development Bank profit decline by 17.26% to Rs 3.46 arba in Q4, has Rs 1.66 arba as distributable profit
Sun, Aug 16, 2020 7:33 AM on Company Analysis,
Agricultural Development Bank Limited (ADBL) profit decline by 17.26% in the fourth quarter of the fiscal year 2076/77.
As per the unaudited report, its net profit has decreased to Rs 3.46 arba, down from Rs 4.19 arba. ADBL’s operating profit for this quarter stands at Rs 4.45 arba. The operating profit has also decreased by 16.51% compared to the same quarter of last fiscal year.
As of the end of Q4, its deposit from customers stands at Rs 1.43 kharba with floated loans of Rs 1.23 kharba. The company's Non-Performing loan has decreased from 3.29% in Q4 of last fiscal year to 2.71% of the current fiscal year.
ADBL’s paid-up capital stands at Rs 14.44 arba which includes Rs 9.55 arba from ordinary shares and Rs 5.43 arba from irredeemable preference share. The reserve & surplus of the company stands at Rs 14.98 arba.
The quarter-end P/E ratio of the company is 11.71 times. The company's CCD is 66.31% and its base rate decline to 9.26% from 10.58% and its earning per share stood at Rs 32.88.
In the same quarter, the bank has Rs 1.66 arba as a distributable profit after Regulatory Adjustments and PL appropriations.
Major Highlights:
*EPS is calculated taking remaining net profit after profit set aside for distributing dividend to irredeemable pref. shares.
|
Particulars (In Rs '000) |
Agricultural Development Bank |
||
|---|---|---|---|
|
Q4 2076/77 |
Q4 2075/76 |
Difference |
|
|
Paid Up Capital |
9,556,460 |
9,015,529 |
6.00% |
|
Irredeemable Non_cumulative Pref. Share |
5,432,712 |
5,432,712 |
0.00% |
|
Total Paid-Up Capital |
14,989,172 |
14,448,241 |
3.74% |
|
Share Premium |
0 |
0 |
|
|
Retained Earnings |
2,100,460 |
3,422,038 |
-38.62% |
|
Reserves |
11,369,806 |
10,482,454 |
8.47% |
|
Deposits from Customers |
143,648,273 |
118,884,923 |
20.83% |
|
Loans & Advances to Customers |
123,052,285 |
108,806,697 |
13.09% |
|
Net Interest Income |
6,235,793 |
7,614,992 |
-18.11% |
|
Net Fee and Commission Income |
1,813,469 |
985,578 |
84.00% |
|
Impairment Charge/(Reversal) |
344,048 |
-289,847 |
-218.70% |
|
Personnel Expenses |
2,540,616 |
2,928,862 |
-13.26% |
|
Operating Profit |
4,459,949 |
5,341,718 |
-16.51% |
|
Profit/(Loss) for the Year |
3,468,032 |
4,191,391 |
-17.26% |
|
Total Comprehensive Income |
2,599,355 |
3,991,588 |
-34.88% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
1,665,396 |
- |
- |
|
Capital Adequacy Ratio (CAR) |
20.46 |
20.37 |
0.44% |
|
NPL |
2.71 |
3.29 |
-17.63% |
|
CCD (as per NRB Directives) |
66.31 |
78.72 |
-15.76% |
|
Cost of Fund (%) |
6.4 |
7.41 |
-13.63% |
|
Base Rate (%) |
9.26 |
10.58 |
-12.48% |
|
EPS (In Rs.) |
32.88 |
42.88 |
-23.31% |
|
Net Worth per Share (In Rs.) |
240.95 |
254.23 |
-5.22% |
|
Qtr End PE Ratio (times) |
11.71 |
- |
- |
|
Qtr End Market Price* |
385 |
- |
- |
|
Price to Book (PB Ratio) |
1.60 |
- |
- |
