Excel Development Bank earns Rs 15.66 crore net profit in the fourth quarter; EPS stands at Rs 22.61

Thu, Aug 2, 2018 2:42 AM on Financial Analysis, Latest, Stock Market,

Birtamode based, Excel Development Bank Limited (EDBL) has posted slight increase of net profit with 4.09 percent for fourth quarter (Q4) in the FY 2074/75.

According to the published unaudited financial reports, the development bank faced an incline in its net profit from Rs 15.04 crore in Q4 of the previous FY 73/74 to Rs 15.66 crore in Q4 of the FY 2074/75.

EDBL has paid up capital of Rs 69.26 crore in Q4 of FY 2074/75 and its reserve has gone up from Rs 12.02 crore to Rs 26.83 crore in Q4 of FY 2074/75 with a massive growth of 123.22 percent.

EDBL’s earning per share (EPS) is at Rs 22.61 from Rs 30.07 in the corresponding quarter.

Its net worth per share is at Rs 138.74 and the P/E ratio at 14.42 times.

Major Highlights:

Particulars (In Rs '000)

EDBL

Q4 2074/75

Q4 2073/74

Difference

Paid Up Capital

692,674

500,393

38.43%

Reserve & Surplus

268,313

120,200

123.22%

Deposits

5,235,336

4,620,634

13.30%

Borrowings

-

-

-

Loans & Advances

4,297,583

3,821,039

12.47%

Net Interest Income

338,892

314,565

7.73%

Provision for possible losses

34,825

13,288

162.09%

Operating Profit

212,701

233,478

-8.90%

Net Profit

156,601

150,449

4.09%

NPL (%)

0.62

1.02

-39.22%

Annualized EPS (In Rs.)

22.61

30.07

-24.81%

Net Worth per Share (In Rs.)

138.74

124.02

11.86%

P/E Ratio (In times)

14.42

-

-