Agricultural Development Bank profit rises by 10.89% to Rs 3.69 arba in Q4, has Rs 1.73 arba as distributable profit
Wed, Aug 11, 2021 4:52 AM on Financial Analysis, Latest,
Agricultural Development Bank Limited (ADBL) has posted a 10.89% rise in net profit in the fourth quarter of the fiscal year 2077/78.
As per the unaudited report published today, its net profit has increased to Rs 3.69 arba, up from Rs 3.33 arba. ADBL’s operating profit for this quarter stands at Rs 5.22 arba. The operating profit has increased by 21.03% compared to the same quarter of last fiscal year.
In the same quarter, the bank has Rs 1.73 arba as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders. The total distributable profit amount of the bank is Rs 4.47 arba including this year distributable profit of Rs 1.73 arba and other distributable amounts of Rs 2.74 arba included in retained earnings and debenture redemption reserve.
As of the end of Q4, its deposit from customers stands at Rs 1.62 kharba with floated loans of Rs 1.52 kharba. The company's Non-Performing loan has decreased from 2.84% in Q4 of last fiscal year to 1.84% of the current fiscal year.
ADBL’s paid-up capital stands at Rs 16.42 arba which includes Rs 10.98 arba from ordinary shares and Rs 5.43 arba from irredeemable preference share.
The reserve & surplus of the company stands at Rs 15.22 arba and net worth per share is Rs 238.55.
The quarter-end P/E ratio of the company is 15.63 times. The company's CCD and Base rate is 73.53% and 7.13% respectively.
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 2077/78 | Q4 2076/77 | Difference | |
| Share Capital | 16,422,642 | 14,989,173 | 9.56% |
| Ordinary Share | 10,989,930 | 9,556,461 | 15.00% |
| Preference Share (Irredeemable) | 5,432,712 | 5,432,712 | 0.00% |
| Share Premium | 0 | 0 | |
| Retained Earnings | 3,607,667 | 2,274,074 | 58.64% |
| Reserves | 11,618,508 | 11,208,281 | 3.66% |
| Deposits from Customers | 162,677,270 | 143,628,525 | 13.26% |
| Loans & Advances to customers | 152,862,505 | 121,849,394 | 25.45% |
| Net Interest Income | 6,264,148 | 6,716,121 | -6.73% |
| Other Operating Income | 502,906 | 35,931 | 1299.64% |
| Impairment Charge/(Reversal) | 23,567 | 517,222 | -95.44% |
| Personnel Expenses | 2,703,502 | 3,025,470 | -10.64% |
| Operating Profit | 5,226,704 | 4,318,603 | 21.03% |
| Non Operating Income | 26,200 | 81,283 | -67.77% |
| Profit/(Loss) for the Year | 3,694,470 | 3,331,738 | 10.89% |
| Total Comprehensive Income | 3,578,697 | 2,462,967 | 45.30% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 1,735,002 | ||
| Capital Adequacy Ratio (CAR) | 23.13 | 19.33 | 19.66% |
| NPL | 1.84 | 2.84 | -35.21% |
| CCD (as per NRB Directives) | 73.53 | 66.31 | 10.89% |
| Cost of Fund (%) | 4.7 | 6.4 | -26.56% |
| Interest Rate Spread (%) | 4.37 | 4.44 | -1.58% |
| Base Rate (%) | 7.13 | 9.26 | -23.00% |
| EPS (In Rs.) | 30.65 | 31.45 | -2.55% |
| Net Worth per Share (In Rs.) | 238.55 | 241.08 | -1.05% |
| Qtr End PE Ratio (times) | 15.63 | - | - |
| Qtr End Market Price | 479 | - | - |
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