Corporate Development Bank report 776% growth in net profit for Q3 of FY 2075/76;NPL stands at 31.81% with no provision for possible losses
Fri, May 10, 2019 12:46 PM on Financial Analysis, Latest, Stock Market,
Corporate Development Bank Limited (CORBL) has reported net profit of Rs. 8.28 crore for the third quarter of the fiscal year 2075/76. As per the unaudited third quarterly report published today, the development bank’s profit was Rs. 94.48 lakh in the corresponding quarter of the FY 2074/75.
It earned Rs 3.5 crore as net interest income which has increased by 76.51% from Rs. 1.98 crore in the corresponding quarter of previous year.
The paid-up capital stands at Rs 36.22 crore with negative reserves of Rs 1.70 crore in the mentioned period.
Earning per share (EPS) stands at Rs. 30.49 and Net worth per share stands at Rs. 95.3.
Major Highlights:
| Particulars (In Rs '000) | CORBL | ||
|---|---|---|---|
| Q3 2075/76 | Q3 2074/75 | Difference | |
| Paid Up Capital | 362,250 | 362,250 | - |
| Reserve & Surplus | (17,024) | (166,093) | -89.75% |
| Deposits | 194,082 | 64,380 | 201.46% |
| Borrowings | - | - | - |
| Loans & Advances | 243,081 | 21,089 | 1052.64% |
| Net Interest Income | 35,016 | 19,838 | 76.51% |
| Provision for possible losses | - | 4,861 | -100.00% |
| Operating Profit | 16,651 | 9,448 | 76.24% |
| Net Profit | 82,848 | 9,448 | 776.88% |
| Capital Adequacy (%) | 121.22 | 76.46 | 58.54% |
| NPL (%) | 31.81 | 89.76 | -64.56% |
| Annualized EPS (In Rs.) | 30.49 | ||
| Net Worth per Share (In Rs.) | 95.3 | ||
| PE Ratio (times) | 3.21 | ||
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