Kailash Bikas Bank, Mahalaxmi Bikas Bank and Deva Bikas Bank publish third quarter report; see the major highlights

Mon, May 13, 2019 1:29 PM on Financial Analysis, Latest, Stock Market,

Kailash Bikas Bank Limited (KBBL) has reported increase in net profit by 1.33% in the third quarter of the fiscal year 2075/76.

As per the report published in newspaper, the development bank has stated that its net profit increased to Rs 39.61 crore in Q3 from Rs 39.09 crore reported in the corresponding quarter of the previous fiscal year 2074/75.

It has collected deposits of Rs 29.48 arba and floated loans of Rs 26.54 arba in Q3 of the current fiscal year.

It’s paid up capital remains at Rs 2.52 arba and reserve has increased to Rs 1.05 arba.

The development bank’s non-performing loan (NPL) decreased to 0.35% from 0.46%.

The annualized EPS of KBBL stands at Rs 21.17 and Net worth per share stands at Rs 141.99. Its annualized P/E ratio stands at 10.11 times.

Similarly, Mahalaxmi Bikas Bank Limited (MLBL) has published a Q3 report of the fiscal year 2075/76. The bank has reported a net profit of Rs 38.79 crore in Q3 2075/76. The net profit of the company has increased by 15.14% compared to Rs 33.69 crore in the Q3 of 2074/75 FY.

The National level development bank has collected deposits of Rs 30.49 arba and has floated loans of Rs 26.35 arba in the Q3 2075/76.

Deposits and Loan & advances of the company have increased by 21.42% and 21.77% respectively, compared to the corresponding quarter of the last fiscal year.

The net interest income of the company has increased by 39.47%, from Rs 71.89 crore to Rs 1 arba in Q3 2075/76.

The development banks' Paid-Up stand at Rs 2.84 arba with reserved of Rs 1.28 arba. The bank's NPL has decreased from 3.97% to 3.85% by the end of the third quarter.

The annualized EPS stands at Rs 18.18 and net worth per share at Rs 145.23.

Also, Deva Bikas Bank Limited (DBBL) has reported an increase of 26.15% in the net profit in the third quarter of the current FY 2075/76.

According to the unaudited financial report published by the National level development bank today, its net profit has reached to Rs 25.52 crore in the third quarter, from Rs 20.23 crore in the corresponding quarter of the last fiscal year 2074/75.

DBBL’s net interest income has risen to Rs 61.58 crore in the third quarter as compared to Rs 48.21 crore in the corresponding quarter. Its deposits collection reached Rs 17.92 arba in Q3 from Rs 13.95 arba in the corresponding period last year.

Likewise, it has extended loans and advances of Rs 16.94 arba in Q3 whereas in the same period last year, the figure stood at Rs 12.63 arba.

Annualized Earning per share (EPS) of DBBL stands at Rs 13.43 and net worth per share is at Rs 128.14. The company posted PE Ratio of 9.53 times.

Its paid up capital and reserves remain at Rs 2.53 arba and Rs 73.32 crore respectively.