Fall in Net Profit of Agricultural Development Bank in Q4 by 23.74%; Distributable Profit Stands at Rs 3.90 Arba
Thu, Aug 4, 2022 5:50 AM on Financial Analysis, Latest,
Agricultural Development Bank Limited (ADBL) has posted a 23.74% fall in net profit in the fourth quarter of the fiscal year 2078/79.
As per the unaudited report published today, its net profit has decreased to Rs 2.69 arba, down from Rs 3.52 arba. ADBL’s operating profit for this quarter stands at Rs 4.11 arba. The operating profit has declined by 18.15% compared to the same quarter of last fiscal year.
In the same quarter, the bank has Rs 3.90 arba as distributable profit (including last year's distributable profit) after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders.
As of the end of Q4, its deposit from customers stands at Rs 1.66 kharba with floated loans of Rs 1.78 kharba. The company's Non-Performing loan has decreased from 1.83% in Q4 of last fiscal year to 1.68% of the current fiscal year.
ADBL’s paid-up capital stands at Rs 18.62 arba which includes Rs 13.18 arba from ordinary shares and Rs 5.43 arba from irredeemable preference share.
The reserve & surplus of the company stands at Rs 15.12 arba.
The quarter-end P/E ratio of the company is 15.63 times. The company's CD and Base rates are 89.17% and 8.9% respectively.
Major Highlights:
*EPS is calculated by taking the remaining net profit after profit set aside for distributing dividends to irredeemable pref. shares.
| Particulars (In Rs '000") | Agricultural Dev Bank | |||
|---|---|---|---|---|
| Q4 2078/79 | Q4 2077/78 | Difference | ||
| Share Capital | 18,620,628 | 16,422,642 | 13.38% | |
| Ordinary Shares | 13,187,916 | 10,989,930 | 20.00% | |
| Irredeemable Non-Cumulative Pref. Share | 5,432,712 | 5,432,712 | 0.00% | |
| Share Premium | 0 | 0 | 0.00% | |
|
3,906,991 | 3,654,512 | 6.91% | |
| Reserves | 11,222,003 | 11,427,964 | -1.80% | |
| Deposits from Customers | 166,496,966 | 162,814,931 | 2.26% | |
| Loans & Advances to customers | 178,514,789 | 150,598,356 | 18.54% | |
| Net Interest Income | 7,779,104 | 6,865,718 | 13.30% | |
| Impairment Charge/(Reversal) | 295,148 | 121,425 | 143.07% | |
| Personnel Expenses | 3,329,591 | 3,311,387 | 0.55% | |
| Operating Profit | 4,118,166 | 5,037,317 | -18.25% | |
| Profit/(Loss) for the Year | 2,690,058 | 3,527,537 | -23.74% | |
| Total Comprehensive Income | 2,593,947 | 3,435,304 | -24.49% | |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 3,906,991 | |||
| Capital Adequacy Ratio (CAR) | 16.34 | 16.94 | -3.54% | |
| NPL | 1.68 | 1.83 | -8.20% | |
| CD (as per NRB Directives) | 89.17 | 73.53 | 21.27% | |
| Cost of Fund (%) | 6.89 | 4.7 | 46.60% | |
| Interest Rate Spread (%) | 4.37 | 4.37 | 0.00% | |
| Base Rate (%) | 8.9 | 7.13 | 24.82% | |
| EPS (In Rs.) | 17.93 | 24.28 | -26.15% | |
| Qtr End PE Ratio (times) | 18.46 | - | - | |
| Qtr End Market Price | 331 | - | - | |
