Excel Development Bank’s EPS reaches Rs 23.83 in Q2; Western Development Bank reports 31% rise in profit
Tue, Jan 29, 2019 10:20 AM on Financial Analysis, Latest, Stock Market,
Birtamode based, Excel Development Bank Limited (EDBL) has posted increase of net profit by 9.89 percent for second quarter (Q2) in the FY 2075/76.
According to the published unaudited financial reports, the development bank reported an increase in its net profit from Rs 7.51 crore in Q2 of the previous FY 74/75 to Rs 8.25 crore in Q2 of the FY 2075/76.
It collected deposit of Rs 6.11 arba while the loans and advances stood at Rs 5.40 arba.
EDBL has paid up capital of Rs 69.26 crore in Q2 of FY 2075/76 and its reserve has gone up from Rs 18.68 crore to Rs 34.57 crore in Q2 of FY 2075/76.
EDBL’s earning per share (EPS) is at Rs 23.83 from Rs 21.69 in the corresponding quarter.
Its net worth per share is at Rs 149.92 and the P/E ratio at 11.45 times.
Major Highlights:
|
Particulars (In Rs '000) |
EDBL |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
692,674 |
692,674 |
0.00% |
|
Reserve & Surplus |
345,759 |
186,832 |
85.06% |
|
Deposits |
6,119,220 |
4,482,971 |
36.50% |
|
Borrowings |
450,000 |
- |
- |
|
Loans & Advances |
5,400,294 |
4,048,660 |
33.38% |
|
Net Interest Income |
187,207 |
151,018 |
23.96% |
|
Provision for possible losses |
32,922 |
11,923 |
- |
|
Operating Profit |
117,890 |
99,427 |
- |
|
Net Profit |
82,549 |
75,120 |
9.89% |
|
NPL (%) |
0.88 |
0.86 |
2.33% |
|
Annualized EPS (In Rs.) |
23.83 |
21.69 |
9.89% |
|
Net Worth per Share (In Rs.) |
149.92 |
126.97 |
18.07% |
|
P/E Ratio (In times) |
11.45 |
- |
|
Western Development Bank Limited (WDBL) has published unaudited financial report for the second quarter today. It has stated that net profit has significantly increased to Rs 4.70 crore in second quarter of fiscal year 2075/76 from Rs 3.58 crore reported in the corresponding quarter of the previous fiscal year 2074/75.
Likewise, it extended loans of Rs 2.84 arba from Rs 2.40 arba. It has collected deposits of Rs 3.29 arba in the second quarter of the current fiscal year. It has paid up capital of Rs 50.40 crore with reserve of Rs 5.17 crore in Q2.
Its net interest income has also increased from Rs 7.63 crore in the corresponding quarter last year to Rs 8.93 crore in the second quarter of fiscal year 2075/76. Its operating profit has increased to Rs 7.39 crore in Q2, from Rs 5.62 crore in corresponding quarter.
Earnings per Share (EPS) stands at Rs 18.67. The development bank’s non-performing loan (NPL) has decreased to 0.88 percent in the current quarter. Currently, Net worth per share stands at Rs 110.27. The development bank is being acquired by Deva Bikas Bank Limited due to which the transaction of its shares in the secondary market is on halt.
Major Highlights:
|
Particulars (In Rs '000) |
WDBL |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
504,068 |
429,312 |
17.41% |
|
Reserve & Surplus |
51,749 |
81,765 |
-36.71% |
|
Deposits |
3,293,538 |
2,980,379 |
10.51% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
2,845,029 |
2,405,228 |
18.29% |
|
Net Interest Income |
89,314 |
76,330 |
17.01% |
|
Provision for possible losses |
9,567 |
10,856 |
-11.88% |
|
Operating Profit |
73,954 |
56,273 |
31.42% |
|
Net Profit |
47,061 |
35,810 |
31.42% |
|
NPL (%) |
0.88 |
2.18 |
-59.63% |
|
Annualized EPS (In Rs.) |
18.67 |
16.68 |
11.93% |
|
Net Worth per Share (In Rs.) |
110.27 |
119.05 |
-7.37% |
|
P/E Ratio (In times) |
- |
- |
|
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