Nuwakot based Hamro Bikas Bank Limited (HAMRO) has posted profit growth of 14.77 percent in the fourth quarter (Q4) of the last fiscal year 2073/74.
As per the unaudited financial report for the fourth quarter today, stated that its net profit rose to Rs 4.35 crore in Q4 of last fiscal year 2073/74, up from Rs 3.79 crore in the corresponding period of the previous fiscal year 2072/73.
Likewise, its net interest income has surged from Rs 5.81 crore in corresponding quarters to Rs 8.25 crore in the current quarter.
Hamro Bikas Bank has paid up capital of 41.36 crore with reserve of Rs 6.09 crore in Q4.
The development bank has collected deposits of Rs 1.25 arba in the fourth quarter, up from Rs 1.04 arba in the corresponding quarter. Likewise, it extended loans and advances of Rs 1.12 arba in Q4 whereas in the same period last year the figure stood at Rs 84.60 crore, a growth of 32.74 percent.
Its non-performing loan (NPL) has declined to 0.16 percent in Q4 from 0.86 in the previous year report.
HAMRO’s earning per share (EPS) has decline to Rs 10.54 in Q4 from Rs 31.04 in the corresponding quarter. For the capital increment, the development bank had floated 200% right shares to its shareholders, due to which its EPS has declined.
Its net worth per share is at Rs 114.74 and the P/E ratio at 22.20 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
413,639 |
122,334 |
238.12 |
| Reserve and Surplus |
60,961 |
47,960 |
27.11 |
| Deposits |
1,257,535 |
1,042,424 |
20.64 |
| Loans and Advances |
1,123,072 |
846,041 |
32.74 |
| Net Interest Income |
82,547 |
58,108 |
42.06 |
| Provision |
5,551 |
5,142 |
7.94 |
| Write Back |
3,124 |
1,340 |
133.24 |
| Operating Profit |
65,366 |
45,317 |
44.24 |
| Net Profit |
43,585 |
37,974 |
14.77 |
| Capital Adequacy Ratio (%) |
35.30 |
16.15 |
118.58 |
| NPL (%) |
0.16 |
0.86 |
(81.40) |
| Cost of Funds (%) |
5.42 |
4.69 |
15.57 |
| CD Ratio (as per NRB) (%) |
65.68 |
74.13 |
(11.40) |
| EPS (Annualized) |
10.54 |
31.04 |
(66.06) |
| Networth Per Share |
114.74 |
139.20 |
(17.58) |
| P/E Ratio |
22.20 |
- |
|
