Agricultural Development Bank Limited (ADBL) has reported 12.63% rise in its net profit in the fourth quarter (Q4) of the last fiscal year 2073/74.
According to the unaudited financial report published today, despite of Rs 3.31 arba in the staff expenses, ADBL succeed to earn Rs 2.77 arba net profit in fourth quarter, up from Rs 2.46 arba in the corresponding quarter of the last fiscal year 2072/73. The operating profit also increased to Rs 2.85 arba in Q4 from Rs 2.18 arba as compared to the corresponding quarter of last fiscal year.
Its earnings per share (EPS) last year was Rs 40.60 in the same quarter while after increase in its paid up capital, its EPS has now shrunk to Rs 34.58 in Q4. Its net worth per share stand at 234.91 per share and P/E ratio is at 12.58 times.
ADBL’s net interest income has risen to Rs 7.10 arba in the fourth quarter as compared to Rs 6.26 arba in the corresponding quarter last year. Its deposits collection increased by 14.38% to Rs 99.99 arba in Q4 from Rs 87.38 arba in the corresponding period last year.
Likewise, it has also been able to increase its loans by similar figures. Up to the end of Q4, it extended loans and advances of Rs 88.29 arba whereas in the same period last year, the figure stood at Rs 79.48 arba.
Its non-performing loan has decreased to 2.97% in Q4 compared to 4.36% in corresponding quarter.
Its paid up capital now stands at Rs 7.08 arba. ADBL managed to increase its reserve by 13.84% in Q4.
ADBL had distributed 20% bonus shares to its shareholders from the profit it earned in FY 2072/73 and had issued 50% right share.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
7,087,680 |
5,118,880 |
38.46 |
| Reserve and Surplus |
9,888,070 |
8,686,169 |
13.84 |
| Deposits |
99,952,070 |
87,387,155 |
14.38 |
| Loans and Advances |
88,297,588 |
79,489,556 |
11.08 |
| Net Interest Income |
7,104,050 |
6,261,331 |
13.46 |
| Provision |
1,189,508 |
1,456,107 |
(18.31) |
| Write Back |
696,831 |
1,135,604 |
(38.64) |
| Operating Profit |
2,852,795 |
2,187,832 |
30.39 |
| Net Profit |
2,776,005 |
2,464,683 |
12.63 |
| Capital Adequacy Ratio (%) |
17.47 |
17.16 |
1.81 |
| NPL (%) |
2.97 |
4.36 |
(31.88) |
| CD Ratio (as per NRB) )%) |
62.39 |
78.23 |
(20.25) |
| Base Rate |
11.27 |
9.64 |
16.91 |
| EPS (Annualized) |
34.58 |
40.60 |
(14.83) |
| Networth Per Share |
234.91 |
228.38 |
2.86 |
| P/E Ratio |
12.58 |
18.91 |
(33.47) |
