Civil Bank's Operating Profit grows by more than 60%; EPS and Net worth Stands at Rs 9.01 & Rs 133.93 respectively
Tue, Feb 12, 2019 10:00 AM on Financial Analysis, Latest, Stock Market,
Civil Bank Limited ( CBL ) has published a Q2 report of the fiscal year 2075/76, today. The bank reported a profit of Rs 35.97 crore in Q2 2075/76. The net profit of the company has increased by 49.79% compared to Rs 24.01 crore in the Q2 2074/75.
The bank holds an amount of Rs 23.98 crore as Free Profit after Regulatory Adjustments.
The bank has collected deposits of Rs 43.08 arba and has floated loans of Rs 43.55 arba in the Q2 2075/76. Deposits and Loan & advances of the company have increased by 26.94% and 16.57% respectively, compared to the corresponding quarter of the last fiscal year.
The net interest income of the company has increased massively by 60.61%, from Rs 68.37 crore to Rs 1.09 arba in Q2 2075/76.
Operating profit has grown by 65.31% to Rs 51.09 crore in Q2 2075/76.
The bank has a Paid-Up of Rs 8 arba with reserved of Rs 2.71 arba. The CBL has increased paid-up capital by 54.54% from Rs 5.18 arba to meet the minimum paid-up requirement set by the NRB.
Major Highlights of Q2;
| Particulars (In Rs '000) | CBL | ||
|---|---|---|---|
| Q2 2075/76 | Q2 2074/75 | Difference | |
| Paid Up Capital | 8,003,390 | 5,185,222 | 54.35% |
| Reserve & Surplus | 2,715,658 | 2,457,557 | 10.50% |
| Deposits | 43,084,586 | 36,959,750 | 16.57% |
| Borrowings | 2,246,836 | 737,500 | 204.66% |
| Loans & Advances | 43,550,637 | 34,307,948 | 26.94% |
| Net Interest Income | 1,098,027 | 683,656 | 60.61% |
| Operating Profit | 510,931 | 309,068 | 65.31% |
| Net Profit | 359,715 | 240,148 | 49.79% |
| Total Comprehensive Income | 359,034 | 219,934 | 63.25% |
| Add/ Less: Regulatory adjustment as per NRB | -119,907 | -23198 | 416.89% |
| Free Profit/ (Loss) after Regulatory Adjustments | 239,808 | 216,949 | 10.54% |
| NPL | 3.54 | 4.52 | -21.68% |
| Annualized EPS (In Rs.) | 9.01 | 8.34 | 8.03% |
| Net Worth per Share (In Rs.) | 133.93 | 147.40 | -9.13% |
| Return on Equity (Annualized) | 6.71 | 6.28 | 6.80% |
| P/E | 17.09 |
The bank's NPL has decreased by -21.68% to 3.54% in Q2 2075/76. The EPS and net worth of share stand at Rs 9.01 and Rs 133.93 in Q2 2075/76 respectively.
The latest annualized P/E ratio of the Bank's stock stands at 17.09 times and LTP at Rs 154. CBL is yet to hold its AGM of last two fiscal year.
