Kabeli Bikas Bank reports 81% rise in net profit amounting to Rs 2.12 crore in Q3 of FY 2075/76; EPS stands at Rs 9.94
Sun, Apr 28, 2019 3:21 PM on Financial Analysis, Latest, Stock Market,
Kabeli Bikas Bank Limited (KEBL) has reported rise in its net profit in the third quarter of the current fiscal year 2075/76.
According to the unaudited financial report published by the development bank today, its net profit has risen to Rs 2.12 crore in the third quarter, from Rs 1.16 crore in the corresponding quarter of the last fiscal year 2074/75. The operating profit also surged to Rs 2.88 crore in Q3 from Rs 1.76 crore as compared to the corresponding quarter of last fiscal year.
KEBL’s net interest income has increased to Rs 5.83 crore in the third quarter as compared to Rs 4.01 crore in the corresponding quarter last year. Its deposits collection increased to Rs 82.15 crore in Q3 from Rs 62.7 crore in the corresponding period last year.
Up to the end of Q3, it extended loans and advances of Rs 80.3 crore whereas in the same period last year, the figure stood at Rs 61.8 crore.
Its non-performing loan has decreased in this period to 2.89% compared to 3.94% in the corresponding quarter.
Its paid-up capital now stands at Rs 28.43 crore whereas KEBL reports a decrease in reserve and surplus to Rs 5.19 crore in Q3 from Rs 6.18 crore in the corresponding quarter.
However, its earnings per share (EPS) stand at Rs. 9.94 in Q3. Its net worth per share stands at Rs. 118.28 per share.
Major highlights:
| Particulars (In Rs '000) | Kabeli Bikas Bank Limited | ||
|---|---|---|---|
| Q3 2075/76 | Q3 2074/75 | Difference | |
| Paid Up Capital | 284,297 | 114,760 | 147.73% |
| Reserve & Surplus | 51,978 | 61,815 | -15.91% |
| Deposits | 821,510 | 627,788 | 30.86% |
| Borrowings | 0 | 0 | |
| Loans & Advances | 803,493 | 618,301 | 29.95% |
| Net Interest Income | 58,351 | 40,144 | 45.35% |
| Provision for possible losses | 6,979 | 12,183 | -42.72% |
| Operating Profit | 28,878 | 17,623 | 63.86% |
| Net Profit | 21,204 | 11,686 | 81.45% |
| NPL (%) | 2.89 | 3.94 | -26.65% |
| Annualized EPS (In Rs.) | 9.94 | ||
| Net Worth per Share (In Rs.) | 118.28 | ||
| P/e ratio | 18.10 | ||
