Excel Development Bank reports net profit growth of 24.63% reaching Rs 10.28 crore; Quarter end PE ratio at 10.91
Wed, Feb 5, 2020 11:01 AM on Financial Analysis, Latest, Stock Market,
Excel Development Bank Limited (EDBL) has posted an increase in net profit by 24.63 percent for the second quarter (Q2) in the FY 2076/77.
According to the published unaudited financial reports, the development bank reported an increase in its net profit from Rs 8.25 crore in Q2 of the previous FY 2075/76 to Rs 10.28 crore in Q2 of the FY 2076/77.
It’s deposit rises to Rs 8.74 arba while the loans and advances also rise to Rs 7.66 arba from Rs 7.43 arba and Rs 6.34 arba respectively in last quarter.
The cost of the fund has gone up to 7.50% and the NPL has gone down to 0.49%.
EDBL has paid-up capital of Rs 69.26 crore till Q2 of FY 2076/77 and its reserve and surplus stands at Rs 25.47 crore.
EDBL’s annualized earning per share (EPS) is at Rs 29.71. Its net worth per share is at Rs 167.68 and the P/E ratio at 10.91 times. The company has recently declared 17% bonus share from the profit of FY 2075/76 to its shareholders. Book closure is yet to happen of same.
