Kailash Bikas Bank’s moderate performance in Q2; EPS reaches Rs 21.79 with 3% rise in net profit

Tue, Jan 29, 2019 11:37 AM on Financial Analysis, Latest, Stock Market,

Kailash Bikas Bank Limited (KBBL) has reported increase in net profit by 3.23% in the second 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 27.46 crore in Q2 from Rs 26.60 crore reported in the corresponding quarter of the previous fiscal year 2074/75.

It has collected deposits of Rs 26.72 arba and floated loans of Rs 23.54 arba in Q2 of the current fiscal year.

It’s paid up capital remains at Rs 2.52 arba and has reserve of Rs 93.68 crore.

The development bank’s non-performing loan (NPL) decreased to 0.33% from 0.56%.

The annualized EPS of KBBL stands at Rs 21.79 and Net worth per share stands at Rs 137.17. Its P/E ratio stands at 9.7 times

Major Highlights:

Particulars (In Rs '000)

KBBL

Q2 2075/76

Q2 2074/75

Difference

Paid Up Capital

2,520,636

2,520,636

0.00%

Reserve & Surplus

936,875

801,611

16.87%

Deposits

26,728,046

19,113,418

39.84%

Borrowings

1,500,000

300,000

400.00%

Loans & Advances

23,546,089

17,519,214

34.40%

Net Interest Income

611,355

396,765

54.08%

Provision for possible losses

54,736

27,266

100.75%

Operating Profit

413,138

282,236

46.38%

Net Profit

274,667

266,070

3.23%

NPL (%)

0.33

0.56

-41.07%

Annualized EPS (In Rs.)

21.79

21.11

3.23%

Net Worth per Share (In Rs.)

137.17

131.80

4.07%

P/E Ratio (In times)

9.7

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