Agricultural Dev Bank’s also enters in billionaire club; Earns Rs 1.36 arba in Q2; NPL on higher side

Wed, Feb 6, 2019 8:04 AM on Financial Analysis, Latest, Stock Market,
Agricultur...

Agricultural Development Bank Limited (ADBL) has posted an excellent rise in net profit in the second quarter of the fiscal year 2075/76.

As per the unaudited report, its net profit has increased to Rs 1.36 arba, up from Rs 1.02 arba which is an increment of 32.56%.

ADBL’s operating profit for this quarter stands at Rs 1.78 arba. The operating profit has also increased by 41.65% compared to the same quarter of last fiscal year.

As of the end of Q2, its deposit stands at Rs 110.13 arba with floated loans of Rs 107.31 arba. The company's Non-Performing loan has increased from 3.95% in Q2 of last fiscal year to 4.5% of the current fiscal year.

ADBL’s paid-up capital stands at Rs 13.93 arba which includes Rs 8.50 arba from ordinary shares and Rs 5.43 arba from irredeemable preference share.

The reserve & surplus of the company stands at Rs 14.22 arba and net worth per share is Rs 267.21.

The P/E ratio of the company is 12.38 times. The company's CCD and Base rate is 78.68% and 11.15% respectively.

The bank has already proposed 15.053% cash dividend and 6% bonus shares for the FY 2074/75. The bank has also announced 6% cash dividend for the irredeemable preference shares as well. After the adjustment of 6% bonus shares, the ordinary share capital of the bank will reach Rs 9.01 arba. The bank yet to announce its AGM for FY 2074/75.

Click Here for Q2 Report:

Major Highlights:

Particulars (In Rs '000)

Agricultural Dev. Bank Limited

Q2 2075/76

Q2 2074/75

Difference

Paid Up Capital

8,505,216

8,505,216

0.00%

Irredeemable Non-Cumulative Pref. Share

5,432,712

5,432,712

0.00%

Total Paid Up Capital

13,937,928

13,937,928

0

Reserve & Surplus

14,221,879

8,920,696

59.43%

Deposits

110,132,753

98,173,412

12.18%

Borrowings

1,060,110

613,118

72.90%

Loans & Advances

107,312,576

92,112,375

16.50%

Net Interest Income

3,571,205

2,651,864

34.67%

Impairment Charge/(Reversal)

-501,238

-158,722

-

Operating Profit

1,785,784

1,260,661

41.65%

Profit/(Loss) for the Year

1,364,295

1,029,168

32.56%

Total Comprehensive Income

1,327,228

1,029,168

28.96%

Add/ Less: Regulatory adjustment as per NRB

-270,541

-

-

Free Profit/ (Loss) after Regulatory Adjustments

1,093,754

1,029,168

6.28%

Capital Adequacy Ratio (CAR)

18.97

15.58

21.76%

NPL

4.5

3.95

13.92%

CCD (as per NRB Directives)

78.68

79.59

-1.14%

Base Rate (%)

11.15

11.53

-3.30%

Annualized EPS (In Rs.)

28.24

20.36

38.70%

Net Worth per Share (In Rs.)

267.21

204.89

30.42%

PE Ratio

12.38

-

-