Kailash Bikas Bank Limited (KBBL) has posted profit growth of 0.84 percent for the second quarter of the fiscal year 2074/75.
According to the unaudited financial report published by the development bank today, its net profit has increased to Rs 26.60 crore in the second quarter up from Rs. 26.38 crore in the corresponding quarter of the previous fiscal year 2073/74.
Kailash Bikas Bank’s net interest income has decreased to Rs. 39.68 crore in Q2, up from Rs. 46.29 crore in the corresponding quarter of the previous fiscal year.
The bank amassed huge amount of deposits in the Q2 of the ongoing fiscal year. Deposits collection reached Rs 19.11 arba in Q2 from Rs 15.91 arba in the corresponding period last year.
Likewise, it has extended loans and advances of Rs 17.52 arba in Q2 whereas in the same period last year the figure stood at Rs 14.32 arba.
Its non-performing loan has decreased to 0.58 percent in Q2 from 0.70 percent last year.
Kailash Bikas Bank annualized earning per share (EPS) stand at Rs 21.11, net worth per share at Rs 131.80, and the P/E ratio at 10.90 times.
Its paid up capital remains at Rs 2.5 arba and has reserve of Rs 80.16 crore.
| Particulars (In Rs '000) |
KBBL |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
2,520,636 |
1,975,420 |
27.60% |
| Reserve & Surplus |
801,611 |
732,949 |
9.37% |
| Deposits |
19,113,418 |
15,913,973 |
20.10% |
| Borrowings |
300,000 |
- |
- |
| Loans & Advances |
17,519,214 |
14,324,657 |
22.30% |
| Net Interest Income |
396,765 |
462,909 |
-14.29% |
| Provision for possible losses |
27,266 |
33,870 |
-19.50% |
| Operating Profit |
282,236 |
342,147 |
-17.51% |
| Net Profit |
266,070 |
263,863 |
0.84% |
| NPL (%) |
0.58 |
0.7 |
-17.14% |
| Annualized EPS (In Rs.) |
21.11 |
26.71 |
-20.97% |
| Net Worth per Share (In Rs.) |
131.80 |
137.10 |
-3.87% |
| P/E Ratio (In times) |
10.9 |
12.73 |
-14.38% |
