Deva Bikas Bank’s profit drops by 5.48% in Q2; EPS and Net worth per share stood at Rs 10.50 and Rs 124.23 respectively
Sun, Jan 20, 2019 7:38 AM on Financial Analysis, Latest, Stock Market,
Deva Bikas Bank Limited (DBBL) has reported a fall of 5.48% in the net profit in the second quarter of the current FY 2075/76.
According to the unaudited financial report published by the National level development bank today, its net profit has reached to Rs 13.29 crore in the second quarter, from Rs 14.06 crore in the corresponding quarter of the last fiscal year 2074/75. The operating profit decreased to Rs 20.86 crore from Rs 22.10 crore as compared to the corresponding quarter of last fiscal year.
DBBL’s net interest income has risen to Rs 36.73 crore in the second quarter as compared to Rs 31.48 crore in the corresponding quarter. Its deposits collection reached Rs 17.11 arba in Q2 from only Rs 13.50 arba in the corresponding period last year.
Likewise, it has extended loans and advances of Rs 15.69 arba in Q2 whereas in the same period last year, the figure stood at Rs 11.88 arba.
Annualized Earning per share (EPS) of DBBL stands at Rs 10.50 and net worth per share is at Rs 124.23.
Its paid up capital and reserves remain at Rs 2.53 arba and Rs 61.38 crore respectively.
Earlier, DBBL has signed an agreement to acquire Sahara Bikas Bank Limited and Western Development Bank Limited. Upon acquisition the paid up capital of DBBL will increase more.
Major Highlights:
|
Particulars (In Rs '000) |
DBBL |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
2,533,680 |
1,633,277 |
55.13% |
|
Reserve & Surplus |
613,874 |
600,865 |
2.17% |
|
Deposits |
17,114,220 |
13,509,741 |
26.68% |
|
Borrowings |
420,000 |
- |
- |
|
Loans & Advances |
15,697,093 |
11,889,767 |
32.02% |
|
Net Interest Income |
367,314 |
314,883 |
16.65% |
|
Provision for possible losses |
51,210 |
27,557 |
85.83% |
|
Operating Profit |
208,641 |
221,072 |
-5.62% |
|
Net Profit |
132,982 |
140,686 |
-5.48% |
|
NPL (%) |
2.17 |
2.56 |
-15.23% |
|
Annualized EPS (In Rs.) |
10.50 |
17.23 |
-39.07% |
|
Net Worth per Share (In Rs.) |
124.23 |
136.79 |
-9.18% |
|
P/E Ratio (In times) |
12.1 |
- |
|
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