Civil Bank reports 14% fall in net profit for Q1 of 2076/77; Annualized EPS at Rs 7.94
Fri, Nov 15, 2019 11:54 AM on Financial Analysis, Latest, Stock Market,
Civil Bank Limited (CBL) has published its first quarter report for the FY 2076/77 with 14.11% fall in net profit. The bank’s profit has decreased from Rs 18.50 crore in the first quarter of the fiscal year 2075/76 to Rs 15.89 crore in the first quarter of the fiscal year 2076/77.
The bank’s deposit from customers rises by 2.20% to Rs 42.91 arba whereas loans and advances to customers have also increased by 3.75% to Rs 44.18 arba in the first quarter. The net interest income (core business income) of the bank has also increased by 2.81% to Rs 60.29 crore from Rs 58.64 crore of the corresponding quarter.
The bank’s paid-up capital stands at Rs 8 arba with Rs 1.60 arba as its reserve. The Non-Performing Loan (NPL) has declined slightly to 2.93%.
In the first quarter, the annualized EPS of the bank stands at Rs 7.94. The net worth per share stands at Rs 128.77 and the quarter-end PE ratio stands at 18 times.
Major Highlights:
| Particulars (In Rs '000) | Civil Bank Limited | ||
|---|---|---|---|
| Q1 2076/77 | Q4 2075/76 | Difference | |
| Paid Up Capital | 8,003,390 | 8,003,390 | |
| Reserve & Surplus | 1,602,215 | 1,607,719 | -0.34% |
| Deposits from customers | 42,919,226 | 41,993,301 | 2.20% |
| Loans & Advances to customers | 44,189,284 | 42,593,686 | 3.75% |
| Q1 2076/77 | Q1 2075/76 | ||
| Net Interest Income | 602,938 | 586,455 | 2.81% |
| Impairement Charge/(reversal) for loans and other losses | 93,424 | 172,355 | -45.80% |
| Personnel Expenses | 244,921 | 153,463 | 59.60% |
| Operating Profit | 225,954 | 270,121 | -16.35% |
| Net Profit | 158,950 | 185,062 | -14.11% |
| Total Comprehensive Income | 155,378 | 181,859 | -14.56% |
| Capital Adequacy (%) | 17.18 | 19.92 | -13.76% |
| NPL (%) | 2.93 | 3.06 | -4.25% |
| CCD Ratio (%) | 77.09 | 79.97 | -3.60% |
| Cost of Fund (%) | 8.22 | 7.68 | 7.03% |
| Annualized EPS (In Rs.) | 7.94 | 9.25 | -14.11% |
| Net Worth per Share (In Rs.) | 128.77 | ||
| PE Ratio (times) | 18 | ||
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