Kailash Bikas Bank shows decent performance in the first quarter; Net profit amounts over Rs 11 crore

Sun, Nov 4, 2018 10:31 AM on Financial Analysis, Latest, Stock Market,

Kailash Bikas Bank Limited (KBBL) has reported increase in net profit by 19.08% in the first 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 11.57 crore in Q1 from Rs 9.72 crore reported in the corresponding quarter of the previous fiscal year 2074/75.

It has collected deposits of Rs 24.25 arba and floated loans of Rs 20.92 arba in Q1 of the current fiscal year.

It’s paid up capital remains at Rs 2.52 arba and has reserve of Rs 1.20 arba.

The development bank’s non-performing loan (NPL) decreased to 0.3% from 0.91%.

The annualized EPS of KBBL stands at Rs 18.38 and Net worth per share stands at Rs 147.87. Its P/E ratio stands at 12.92 times

Major Highlights:

Particulars (In Rs '000)

KBBL

Q1 2075/76

Q1 2074/75

Difference

Paid Up Capital

2,520,636

2,291,487

10.00%

Reserve & Surplus

1,206,532

1,084,491

11.25%

Deposits

24,259,341

18,629,410

30.22%

Borrowings

650,000

-

-

Loans & Advances

20,928,863

15,989,566

30.89%

Net Interest Income

267,035

154,529

72.81%

Provision for possible losses

19,818

17,513

13.16%

Operating Profit

171,389

86,475

98.19%

Net Profit

115,796

97,242

19.08%

NPL (%)

0.3

0.91

-67.03%

Annualized EPS (In Rs.)

18.38

16.97

8.25%

Net Worth per Share (In Rs.)

147.87

147.33

0.37%

P/E Ratio (In times)

12.92