Bank of Kathmandu's profit grows by 33.71% to Rs 73 crore in Q2 75/76; EPS & Net worth stands Rs 20.86 & Rs 186.60 respectively
Mon, Feb 11, 2019 9:55 AM on Financial Analysis, Stock Market, Featured,
Bank of Kathmandu Limited ( BOKL ) has published a Q2 report of the fiscal year 2075/76, today.
The bank made a profit of Rs 73.75 crore in Q2 2075/76. The net profit of the company has increased by 33.71% compared to Rs 55.16 crore in the Q2 2074/75.
The bank holds an amount of Rs 66.13 crore as Free Profit after Regulatory Adjustments.
The bank has collected deposits of Rs 80.21 arba and has floated loans of Rs 73.53 arba in the Q2 2075/76. Deposits and Loan & advances of the company have increased by 15.96% and 13.43%, respectively compared to the corresponding quarter of the last fiscal year.
The net interest income of the company has increased by 35.54%, from Rs 130.52 crore to Rs 176.91 crore in Q2 2075/76. Operating profit has increased by 35.29% to Rs 104.88 crore in Q2 2075/76.
The bank has a Paid-Up capital of Rs 7.07 arba with reserved of Rs 6.12 arba. The bank's NPL has increased by 11.83% to 2.08% in Q2 2075/76.
The EPS and net worth of share stands at Rs 20.86 and Rs 186.6 in Q2 2075/76 respectively. According to the report, the P/E ratio of the Bank's stock stands at 13.14 times.
Major Highlights of Q2 2075/76;
| Particulars (In Rs '000) | BOKL | ||
|---|---|---|---|
| Q2 2075/76 | Q2 2074/75 | Difference | |
| Paid Up Capital | 7,072,896 | 6,245,383 | 13.25% |
| Reserve & Surplus | 6,124,966 | 4,897,507 | 25.06% |
| Deposits | 80,218,277 | 70,721,683 | 13.43% |
| Borrowings | 1,350,540 | 246,857 | 447.09% |
| Loans & Advances | 73,538,302 | 63,416,640 | 15.96% |
| Net Interest Income | 1,769,112 | 1,305,207 | 35.54% |
| Operating Profit | 1,048,767 | 775,209 | 35.29% |
| Net Profit | 737,541 | 551,579 | 33.71% |
| Total Comprehensive Income | 726,622 | 551,579 | 31.73% |
| Add/ Less: Regulatory adjustment as per NRB | -76,229 | ||
| Free Profit/ (Loss) after Regulatory Adjustments | 661,311 | 551,579 | 19.89% |
| NPL | 2.08 | 1.86 | 11.83% |
| Annualized EPS (In Rs.) | 20.86 | 17.66 | 18.07% |
| Net Worth per Share (In Rs.) | 186.60 | 178.42 | 4.58% |
| P/E | 13.14 | ||
The commercial bank had declared a 14% bonus shares and an 11% cash dividend from the profits of FY 74/75. After the adjustment of bonus shares, the paid-up capital of the bank will reach Rs 8.05 arba meeting the minimum capital requirement. BOKL has already complete the AGM Of FY 2074/75.
LTP of the company stands at Rs 242
