Corporate Development Bank generates Rs 1.88 crore profit; Net worth at Rs 59.96 for the recently removed ‘Crisis-Ridden’ bank
Fri, Aug 17, 2018 11:14 AM on Financial Analysis, Latest, Stock Market,
Corporate Development Bank Limited (CORBL) has reported net profit of Rs 1.88 crore for the fourth quarter of the fiscal year 2074/75.
As per the unaudited fourth quarter report published, the development bank’s loss was Rs 11.45 crore in the corresponding quarter of the FY 2073/74.
The development bank was recently removed from Crisis –Ridden institution. It earned Rs 3.19 as net interest income which has increased by 4.09%.
The paid-up capital stands at Rs 36.22 crore with negative reserve of Rs 14.50 crore.
Earning per share (EPS) stands at Rs 5.22 and Net worth per share stands at Rs 59.96.
Major Highlights:
|
Particulars (In Rs '000) |
CORBL |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
362,250 |
305,000 |
18.77% |
|
Reserve & Surplus |
(145,057) |
(193,544) |
-25.05% |
|
Deposits |
71,909 |
79,619 |
-9.68% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
93,779 |
11,848 |
691.52% |
|
Net Interest Income |
31,931 |
30,677 |
4.09% |
|
Provision for possible losses |
- |
129,211 |
-100.00% |
|
Operating Profit |
17,568 |
(114,587) |
-115.33% |
|
Net Profit |
18,895 |
(114,587) |
-116.49% |
|
NPL (%) |
63.5 |
96.72 |
-34.35% |
|
Annualized EPS (In Rs.) |
5.22 |
(37.57) |
-113.88% |
|
Net Worth per Share (In Rs.) |
59.96 |
36.54 |
64.07% |
|
P/E Ratio (In times) |
20.15 |
- |
|
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