Increased Interest Income and Non-operating income results outstanding rise in Net Profit of Kamana Sewa Bikas Bank by 172% in Q3; EPS stands at Rs 29.47
Sun, Apr 18, 2021 4:48 AM on Financial Analysis, Latest,
Kamana Sewa Bikas Bank Limited (KSBBL) has published its third-quarter report for the FY 2077/78 with an outstanding rise in net profit by 172.01%.
The development bank’s profit has increased from Rs 21.54 crore in the third quarter of the fiscal year 2076/77 to Rs 58.61 crore in the third quarter of the fiscal year 2077/78. In the same quarter, the bank has Rs 38.88 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has a growth rate of 23.01% (compared to the immediate previous year ending) to Rs 39.24 arba and loans and advances to customers have increased by 41% (compared to the immediate previous year ending) to Rs 36.55 arba in the third quarter. The bank's net interest income has increased by 25.73% to Rs 1.07 arba from Rs 85.71 crore of the corresponding quarter.
The banks have earned a huge amount of Rs 23.96 crore as non-operating income.
The bank’s paid-up capital stands at Rs 2.65 arba with Rs 1.17 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has decreased to 1% from 1.37%.
In the third quarter, the annualized EPS of the bank stands at Rs 29.47. The net worth per share stands at Rs 144.35 and the qtr end PE ratio stands at 11.94 times.
Financial Highlights:
* Figure is of Immediate Previous Year Ending
| Particulars (In Rs '000) | Kamana Sewa Bikas Bank | ||
|---|---|---|---|
| Q3 2077/78 | Q3 2076/77 | Difference | |
| Share Capital* | 2,651,964 | 25,402,195 | -89.56% |
| Share Premium* | 0 | 0 | |
| Retained Earnings* | 399,259 | 119,709 | 233.52% |
| Reserves* | 776,853 | 544,152 | 42.76% |
| Deposits from Customers* | 39,247,211 | 31,905,977 | 23.01% |
| Loans & Advances to customers* | 36,556,663 | 25,926,018 | 41.00% |
| Net Interest Income | 1,077,678 | 857,128 | 25.73% |
| Impairment Charge/(Reversal) | 27,583 | 117,647 | 0.00% |
| Personnel Expenses | 438,481 | 347,795 | 26.07% |
| Operating Profit | 597,727 | 306,399 | 95.08% |
| Non_Operating Income | 239,639 | 1,445 | 16485.52% |
| Profit/(Loss) for the Year | 586,156 | 215,490 | 172.01% |
| Total Comprehensive Income | 587,714 | 178,727 | 228.83% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 388,897 | - | - |
| Capital Adequacy Ratio (CAR) | 14.03 | 14.77 | -5.01% |
| NPL | 1 | 1.37 | -27.01% |
| CCD (as per NRB Directives) | 80.82 | 78.53 | 2.92% |
| Cost of Fund (%) | 5.99 | 8.63 | -30.59% |
| Interest Rate Spread (%) | 4.95 | 5.33 | -7.13% |
| Base Rate (%) | 8.15 | 11.86 | -31.28% |
| Annualized EPS (In Rs.) | 29.47 | 1.13 | 2505.49% |
| Net Worth per Share (In Rs.) | 144.35 | 102.61 | 40.67% |
| Qtr End PE Ratio (times) | 11.94 | - | - |
| Qtr End Market Price | 352 | - | - |
.png)
