Agricultural Development Bank earns massive Rs 4.35 arba in Q4; can distribute 33% dividend from last year profit

Agricultural Development Bank Limited (ADBL) has posted a satisfactory rise in net profit in the fourth quarter of the fiscal year 2075/76.

As per the unaudited report, its net profit has increased to massive Rs 4.35 arba, up from Rs 3.65 arba which is an increment of 19.15%. ADBL’s operating profit for this quarter stands at Rs 5.47 arba. The operating profit has also increased by 10.82% compared to the same quarter of last fiscal year.

As of the end of Q4, its deposit from customers stands at Rs 1.19 kharba with floated loans of Rs 1.10 kharba. The company's Non-Performing loan has decreased from 3.41% in Q4 of last fiscal year to 2.9% of the current fiscal year.

ADBL’s paid-up capital stands at Rs 14.44 arba which includes Rs 9.01 arba from ordinary shares and Rs 5.43 arba from irredeemable preference share.

The reserve & surplus of the company stands at Rs 14.20 arba and net worth per share is Rs 257.53.

The P/E ratio of the company is 9.15 times. The company's CCD and Base rate is 78.71% and 10.58% respectively.

In the same quarter, the bank has Rs 3.31 arba as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders. This means ADBL has capacity to distribute 33% dividend approx. (after dividend to pref. shares) from the profit of last fiscal year.

Click here for Q4 report:

Major Highlights:

 * Figure are of Immediate Previous Year Ending (Audited)

 * Published EPS, Networth and PE may differ. As per NFRS standard, Weighted average number of shares is taken while calculating EPS, Networth and PE but we have taken number of shares as per Q4 end paid up capital.

*EPS is calculated taking remaining net profit after profit set aside for distributing dividend to irredeemable pref. shares.