Bank of Kathmandu Q3 result: profit rises by 29.46% with EPS of Rs 19.92 and deposits and loans rises by meager 5.49% and 8.32% respectively

Bank of Kathmandu Limited (BOKL) has reported a 29.46% growth in net profit in the third quarter of FY 2075/76.

The bank’s profit has increased from Rs 93.05 crore in the third quarter of the fiscal year 2074/75 to Rs 1.20 arba in the third quarter of the fiscal year 2075/76.

The bank’s deposit rises by meager 5.49% to Rs 81.13 arba whereas loans and advances have also increased by 8.32% to Rs 71.26 arba till the third quarter. The net interest income (core business income) of the bank has also increased by 32.61% to Rs 2.73 arba from Rs 2.06 arba of the corresponding quarter.

The bank’s paid up capital stands at Rs 8.06 arba with Rs 4.83 arba as its reserve. The Non-Performing Loan (NPL) stands at 2.12%.

In the same quarter, the bank has Rs 73.38 crore as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders. If the profit growth of this quarter continues in fourth quarter then the company will have Rs 94.06 crore (approx.) as distributable profit. This means BOKL can distribute around 12% (approx.) dividend from the earnings of FY 2075/76 next year if other regulatory reserve requirements are not required.

In the third quarter, the annualized EPS of the bank stands at Rs 19.92. The net worth per share stands at Rs 159.92 and qtr end PE ratio stands at 13.25 times.

Click Here for Q3 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 Q3 end paid up capital.