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 Featured, Financial Analysis, Stock Market,
Bank of Ka...

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

Click Here For An Announcement