Kabeli Bikas Bank’s profit decreases by 35%; EPS and Net worth per share stand at Rs 13.58 and Rs 153.86 respectively

Kabeli Bikas Bank Limited (KEBL) has reported 34.98% decrease in its net profit in the third quarter (Q3) of the current fiscal year 2074/75.

According to the unaudited financial report published by the development bank today, its net profit has fallen to Rs 1.16 crore in third quarter, from Rs 1.79 crore in the corresponding quarter of the last fiscal year 2073/74. The operating profit also decreased to Rs 1.76 crore in Q3 from Rs 2.74 crore as compared to the corresponding quarter of last fiscal year.

However, Its earnings per share (EPS) stand at Rs 13.58 in Q3. Its net worth per share stand at Rs 153.86 per share and P/E ratio is at 25.13 times.

KEBL’s net interest income has also fallen to Rs 4.01 crore in the fourth quarter as compared to Rs 4.26 in the corresponding quarter last year. Its deposits collection increased to Rs 62.77 crore in Q3 from Rs 61.95 crore in the corresponding period last year.

However, it has not been able to increase its loans by similar figures. Up to the end of Q3, it extended loans and advances of Rs 61.83 crore whereas in the same period last year, the figure stood at Rs 61.95 crore.

Its non-performing loan has  increased in this period to 3.94% compared to 2.11% in corresponding quarter.

Its paid up capital now stands at Rs 11.47 crore. KEBL managed to increase its reserve and surplus to Rs 6.18 crore in Q3 from Rs 4.18 crore in corresponding quarter.