Birtamod based, Excel Development Bank Limited (EDBL) has posted significant growth of net profit with 52.92 percent for fourth quarter (Q4) in the last FY 73/74.
According to the published unaudited financial reports, the development bank lifted its net profit from Rs 9.98 crore in Q4 of the previous FY 72/73 to Rs 15.26 crore in Q4 of the last FY 73/74.
EDBL has paid up capital of Rs 38.45 crore in Q4 of FY 73/74 and its reserve has gone up from Rs 9.16 to Rs 23.33 crore in Q4 of FY 73/74 with terrific growth of 154.54 percent. EDBL has got approval from SEBON for the issuance of 50% right shares.
EDBL’s earring per share (EPS) is up from Rs 25.96 to Rs 39.70 in the corresponding quarter.
Its net worth per share is at Rs 160.68 with growth of 29.75 percent and the P/E ratio at 15.72 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
384,563 |
384,563 |
- |
| Reserve and Surplus |
233,358 |
91,677 |
154.54 |
| Deposits |
4,620,634 |
3,639,768 |
26.95 |
| Loans and Advances |
3,821,039 |
3,187,499 |
19.88 |
| Net Interest Income |
314,902 |
216,194 |
45.66 |
| Provision |
33,572 |
12,934 |
159.56 |
| Write Back |
23,348 |
200 |
11,574.11 |
| Operating Profit |
213,608 |
150,022 |
42.38 |
| Net Profit |
152,675 |
99,841 |
52.92 |
| Capital Adequacy Ratio (%) |
12.89 |
11.80 |
9.24 |
| NPL (%) |
1.02 |
1.09 |
(6.42) |
| Cost of Funds (%) |
5.33 |
2.42 |
120.25 |
| CD Ratio (as per NRB) (%) |
73.26 |
77.95 |
(6.02) |
| Base rate |
10.27 |
- |
#DIV/0! |
| EPS (Annualized) |
39.70 |
25.96 |
52.92 |
| Net Worth Per Share |
160.68 |
123.84 |
29.75 |
| P/E Ratio |
15.72 |
- |
|
Similarly, Dharan based Miteri Development Bank Limited (MDB) has also reported grown its net profit by 21.35 percent in the fourth quarter (Q4) of FY 73/74.
According to the published unaudited financial report, the net profit has increased from Rs 9.98 crore in Q4 of the previous FY 72/73 to Rs12.11 crore in Q4 of the last FY 73/74.
MDB paid up capital is at Rs 38.02 crore while its reserve has vastly grown by 32.98 percent from Rs 14.00 crore to Rs 21.39 crore in the corresponding Q4. To meet the NRB’s capital requirement, MDB should hike its capital by around 31.57%.
MDB earring per share (EPS) droped to Rs 31.86 from Rs 47.28 in the corresponding quarter. Its net worth per share is at Rs 156.25 with decline of 6.07 percent and the P/E ratio at 16.32 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
380,293 |
211,174 |
80.09 |
| Reserve and Surplus |
213,900 |
140,083 |
52.70 |
| Deposits |
2,889,170 |
2,312,311 |
24.95 |
| Loans and Advances |
2,275,342 |
2,002,379 |
13.63 |
| Net Interest Income |
211,426 |
158,987 |
32.98 |
| Provision |
2,758 |
5,505 |
(49.90) |
| Write Back |
- |
- |
#DIV/0! |
| Operating Profit |
186,473 |
147,067 |
26.79 |
| Net Profit |
121,160 |
99,841 |
21.35 |
| Capital Adequacy Ratio (%) |
21.93 |
15.71 |
39.59 |
| NPL (%) |
- |
0.03 |
(100.00) |
| Cost of Funds (%) |
9.19 |
5.95 |
54.45 |
| CD Ratio (as per NRB) (%) |
65.99 |
75.94 |
(13.10) |
| Base rate |
12.82 |
- |
#DIV/0! |
| EPS (Annualized) |
31.86 |
47.28 |
(32.61) |
| Net Worth Per Share |
156.25 |
166.34 |
(6.07) |
| P/E Ratio |
16.32 |
- |
|
Kanchan Development Bank Limited (KADBL) has stated net profit rise of 18.50 percent for fourth quarter (Q4) in the last FY 73/74 to Rs 7.34 crore from Rs 6.20 crore in the corresponding Q4 of the FY 72/73.
KADBL’s t paid up capital stood at Rs 34.65 crore while its reserve has growth of 28.36 percent from Rs 8.52 crore to 10.94 crore in the corresponding Q4.
Its non-performing loan (NPL) and CD ratio stood at 0.99 percent and 70.44 percent respectively.
KADBL’s earning per share (EPS) is declined to Rs 21.21 from Rs 31.32 in the corresponding quarter. Its net worth per share stands at Rs 131.59 with decline of 8.02 percent and the P/E ratio at 12.78 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
346,500 |
198,000 |
75.00 |
| Reserve and Surplus |
109,446 |
85,262 |
28.36 |
| Deposits |
2,823,372 |
1,914,241 |
47.49 |
| Loans and Advances |
2,308,643 |
1,644,384 |
40.40 |
| Net Interest Income |
164,941 |
108,665 |
51.79 |
| Provision |
15,616 |
8,721 |
79.05 |
| Write Back |
12,545 |
5,000 |
150.89 |
| Operating Profit |
93,922 |
69,762 |
34.63 |
| Net Profit |
73,481 |
62,011 |
18.50 |
| Capital Adequacy Ratio (%) |
16.86 |
18.81 |
(10.37) |
| NPL (%) |
0.99 |
1.75 |
(43.43) |
| Cost of Funds (%) |
7.31 |
5.28 |
38.45 |
| CD Ratio (as per NRB) (%) |
70.44 |
75.00 |
(6.08) |
| Base rate |
11.43 |
8.89 |
28.57 |
| EPS (Annualized) |
21.21 |
31.32 |
(32.29) |
| Net Worth Per Share |
131.59 |
143.06 |
(8.02) |
| P/E Ratio |
12.78 |
- |
|
