Himalayan Bank profit increased by 15.05% in Q3; distributable profit decline by 37.92% to Rs 82.87 crore

Sun, May 10, 2020 9:34 AM on Financial Analysis, Latest,

Himalayan Bank Limited (HBL) has published its third quarter report for the FY 2076/77 with rise in net profit by 15.05%. The bank’s profit has increased from Rs 2.01 arba in the third quarter of the fiscal year 2075/76 to Rs 2.31 arba in the third quarter of the fiscal year 2076/77.

In the same quarter, the bank has Rs 82.87 crore as distributable profit after PL Appropriation and Regulatory Adjustments whereas distributable profit stands at Rs 1.33 arba in the corresponding quarter. The decrease in distributable profit results lower dividend distribution capacity of the bank this fiscal year.

The bank’s deposit from customers has growth rate of 6.34% (compared to immediate previous year ending) to Rs 1.16 kharba and loans and advances to customers have increased by 14.16% (compared to immediate previous year ending) to Rs 1.05 kharba in the third quarter. The net interest income of the bank has increased by 2.37% to Rs 3.84 arba from Rs 3.75 arba of the corresponding quarter.

The bank’s paid up capital stands at Rs 9.37 arba with Rs 7.91 arba as its reserve and surplus.

The Non-Performing Loan (NPL) has decreased to 1.11% from 1.31%. In the third quarter, the annualized EPS of the bank stands at Rs 32.96. The net worth per share stands at Rs 184.50 and qtr end PE ratio stands at 15.17 times.

Click here for Q3 report:

Major Highlights:

 * 2075/76 figure are of Immediate Previous Year Ending.

Particulars (In Rs '000)

Himalayan Bank Limited

Q3 2076/77

Q3 2075/76

Difference

Share Capital*

9,372,281

8,520,256

10.00%

Share Premium*

0

0

 

Retained Earnings*

1,130,066

2,171,147

-47.95%

Reserves*

6,789,057

5,303,396

28.01%

Deposits from Customers*

116,324,483

109,387,060

6.34%

Loans & Advances to customers*

105,821,033

92,697,318

14.16%

Net Interest Income

3,842,464

3,753,436

2.37%

Fee and Commission Income

575,172

551,071,344

-99.90%

Impairment Charge/(Reversal)

-145,576

231,237

-

Personnel Expenses

1,285,764

1,170,397

9.86%

Operating Profit

3,086,426

2,965,475

4.08%

Profit/(Loss) for the Year

2,317,114

2,014,076

15.05%

Total Comprehensive Income

2,319,037

2,002,617

15.80%

Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments

828,763

1,334,897

-37.92%

Capital Adequacy Ratio (CAR)

13.42

11.82

13.54%

NPL

1.11

1.31

-15.27%

CCD (as per NRB Directives)

78.08

79.01

-1.18%

Cost of Fund (%)

6.47

6.68

-3.14%

Base Rate (%)

8.6

9.1

-5.49%

Annualized EPS (In Rs.)

32.96

31.52

4.59%

Net Worth per Share (In Rs.)

184.50

187.73

-1.72%

Qtr End PE Ratio (times)

15.17

-

-

Qtr End Market Price

500

-

-