Corporate Development Bank posted huge growth in net profit of Rs 6.46 crore in Q2; Net worth stands Rs 91.59 per share
Thu, Jan 31, 2019 11:03 AM on Financial Analysis, Latest, Stock Market,
Corporate Development Bank Limited (CORBL) has reported net profit of Rs. 6.46 crore till the month of Poush for the second quarter of the fiscal year 2075/76. As per the unaudited second quarterly report published today, the development bank’s loss was Rs. 6.73 lakh in the corresponding quarter of the FY 2074/75.
It earned Rs 2.49 crore as net interest income which has increased by 1229.94% from Rs. 18.74 lakh in the corresponding quarter of previous year.
The paid-up capital stands at Rs 36.22 crore including call in advance with negative reserves of Rs 3.04 crore in the mentioned period.
Earning per share (EPS) stands at Rs. 35.67 from negative EPS of Rs. 0.43 in the corresponding quarter of FY 2074/75 and Net worth per share stands at Rs. 91.59 increased by 145.79% from Rs 37.26.
Major Highlights:
|
Particulars (In Rs '000) |
Corporate Development Bank Limited |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital (including Call in Advance) |
362,250 |
309,800 |
16.93% |
|
Reserve & Surplus |
-30,456 |
-194,354 |
- |
|
Deposits |
119,030 |
76,116 |
56.38% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
228,308 |
3,364 |
6686.80% |
|
Net Interest Income |
24,923 |
1,874 |
1229.94% |
|
Provision for possible losses |
- |
- |
- |
|
Operating Profit |
12,275 |
-673 |
- |
|
Net Profit |
64,609 |
-673 |
- |
|
NPL (%) |
33.86 |
98.61 |
-65.66% |
|
Annualized EPS (In Rs.) |
35.67 |
-0.43 |
- |
|
Net Worth per Share (In Rs.) |
91.59 |
37.26 |
145.79% |
|
PE ratio |
2.72 |
||
