Excel Development's performance in Q1 of 2076/77; Annualized EPS at Rs 28.19
Thu, Nov 14, 2019 10:54 AM on Financial Analysis, Latest, Stock Market,
Excel Development Bank Limited (EDBL) has posted an increase in net profit by 34.98 percent for the first quarter (Q1) in the FY 2076/77.
According to the published unaudited financial reports, the development bank reported an increase in its net profit from Rs 3.61 crore in Q1 of the previous FY 2075/76 to Rs 4.88 crore in Q1 of the FY 2076/77.
It’s deposit rises by 2.89% to Rs 7.65 arba while the loans and advances also rise by 4.53% to Rs 6.63 arba in comparison to the figures as on Q1 of 2075/76.
The cost of the fund has gone up by 27.21% and the provision for possible losses has gone down by 27.27%.
EDBL has paid-up capital of Rs 69.26 crore till Q1 of FY 2076/77 and its reserve and surplus stands at Rs 20.97 crore.
EDBL’s annualized earning per share (EPS) is at Rs 28.19. Its net worth per share is at Rs 157.62 and the P/E ratio at 10.15 times.
Major Highlights:
| Particulars (In Rs '000) | Excel Development Bank | ||
|---|---|---|---|
| Q1 2076/77 | Q4 2075/76 | Difference | |
| Paid Up Capital | 692,674 | 692,674 | |
| Reserve & Surplus | 209,790 | 202,844 | 3.42% |
| Deposits from customers | 7,652,703 | 7,437,513 | 2.89% |
| Borrowings | - | - | |
| Loans & Advances to customers | 6,632,697 | 6,345,177 | 4.53% |
| Q1 2076/77 | Q1 2075/76 | ||
| Net Interest Income | 113,235 | 80,575 | 40.53% |
| Impairement Charge/(reversal) for loans and other losses | 1,835 | 11,265 | -83.71% |
| Operating Profit | 69,733 | 51,526 | 35.34% |
| Net Profit | 48,813 | 36,162 | 34.98% |
| Capital Adequacy (%) | 15.27 | 14.21 | 7.46% |
| NPL (%) | 0.56 | 0.77 | -27.27% |
| CCD Ratio (%) | 77.45 | 74.9 | 3.40% |
| Cost of Fund (%) | 7.34 | 5.77 | 27.21% |
| Annualized EPS (In Rs.) | 28.19 | 20.88 | 34.98% |
| Net Worth per Share (In Rs.) | 157.62 | ||
| PE Ratio (times) | 10.15 | ||
