Kanchan Development Bank Limited (KADBL) has reported rise in net profit by 23.69% in the first quarter of the current fiscal year 2074/75.
As per the report published in newspaper, the development bank has stated that its net profit rises to Rs 1.01 crore in Q1 from Rs 81.40 lakh reported in the corresponding quarter of the previous fiscal year 2073/74.
It has collected deposits of Rs 3.04 arba and floated loans of Rs 2.68 arba in Q1.
It’s paid up capital remains at Rs 44.89 crore and has reserve of Rs 11.73 crore. To meet the capital requirement of Rs 50 crore, it had announced 16.03 % bonus shares from the net profit of FY 2073/74. After bonus shares distribution, it will reach to Rs 52.24 crore.
The development bank non-performing loan (NPL) decrease to 0.72 %.
Its annualized Earning Per Share (EPS) now stands at Rs 8.97, net worth per share at Rs 126.15 and P/E ratio at 25.53 times.
Major Highlights:
| Particulars (In Rs '000) |
Kanchan Development Bank |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
448,993 |
198,000 |
126.76% |
| Reserve & Surplus |
117,394 |
94,607 |
24.09% |
| Deposits |
3,046,216 |
2,086,974 |
45.96% |
| Loans & Advances |
2,686,176 |
1,869,908 |
43.65% |
| Net Interest Income |
30,365 |
28,841 |
5.28% |
| Provision for possible losses |
3,000 |
5,813 |
-48.39% |
| Operating Profit |
14,524 |
12,127 |
19.77% |
| Net Profit |
10,068 |
8,140 |
23.69% |
| NPL (%) |
0.72 |
2.9 |
-75.17% |
| Annualized EPS (In Rs.) |
8.97 |
16.44 |
-45.46% |
| Net Worth per Share (In Rs.) |
126.15 |
147.78 |
-14.64% |
| P/E Ratio (In times) |
25.53 |
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