Kailash Bikas Bank (KBBL) has registered a net profit growth of 93.09%, and 165.58% growth in operating profit in the second quarter of the current FY 2073/74.
According to the unaudited financial report published by the development bank today, its net profit has increased to Rs. 26.38 crore in second quarter, up from Rs. 13.66 lakh in the corresponding quarter of the previous fiscal year.
KBBL’s net interest income has risen to Rs.46.29 crore in Q2 as compared to Rs.22.95 crore in the corresponding quarter of the last fiscal year.
As of Q2, it has a paid up capital of Rs 1.97 arba with a reserve of Rs 73.29 crore.
The bank also collected deposits of Rs 15.91 arba in Q2, up from Rs 9.85 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 14.32 arba in Q2 whereas in the same period last year, the figure stood at Rs. 8.50 arba.
Kailash’s annualized Earnings per Share (EPS) has increased by 8.52% to Rs 26.71 per share. It had distributed 25% stock dividend for the year 2072/73, and its AGM has approved 20% right share. After the issuance of 20% right, its paid up will reach Rs 2.36 arba. It will need to increase its paid up capital by a further 5.75% to meet NRB's requirement of Rs 2.5 arba by the end of FY 2073/74.
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
1,975,420.00 |
1,110,201.00 |
77.93% |
| Reserve and Surplus |
732,949.00 |
410,883.00 |
78.38% |
| Deposits |
15,913,973.00 |
9,852,683.00 |
61.52% |
| Loans and Advances |
14,324,657.00 |
8,507,199.00 |
68.38% |
| Net Interest Income |
462,909.00 |
229,500.00 |
101.70% |
| Provision |
33,870.00 |
39,332.00 |
- |
| Write Back |
21,880.00 |
21,354.00 |
- |
| Operating Profit |
342,147.00 |
128,831.00 |
165.58% |
| Net Profit |
263,863.00 |
136,653.00 |
93.09% |
| Capital Adequacy Ratio |
16.64% |
14.82% |
- |
| NPL |
0.70% |
1.59% |
-55.97% |
| Base Rate |
7.86% |
8.35% |
- |
| Cost of Fund |
4.97% |
5.25% |
|
| CD Ratio (as per NRB) |
78.31% |
76.66% |
- |
| EPS (Annualized) |
26.71 |
24.62 |
8.52% |
| PE Ratio |
12.73 |
|
|
| Networth Per Share |
137.10 |
|
|
