Kailash & Hamro Bikas Bank EPS shrinks to Rs 16.97 & Rs 8.78 respectively; Miteri Development Bank EPS surges by 94.21% to Rs 24.51

Kailash Bikas Bank Limited (KBBL) has reported decrease in net profit by 25.31% in the first quarter of the current fiscal year 2074/75. As per the report published in newspaper, the development has stated that its net profit decrease to Rs 9.72 crore in Q1 from Rs 13.01 crore reported in the corresponding quarter of the previous fiscal year 2073/74. It has collected deposits of Rs 18.62 arba and floated loans of Rs 15.33 arba in Q1. It’s paid up capital remains at Rs 2.29 arba and has reserve of Rs 98.83 crore. To meet the capital requirement of Rs 2.5 arba, it had announced 10% bonus shares from the net profit of FY 2073/74. The development bank non-performing loan (NPL) decrease to 0.91%. Its annualized Earning Per Share (EPS) now stands at Rs 16.97, net worth per share at Rs 147.33 and P/E ratio at 17.08 times. Hamro Bikas Bank Limited (HAMRO) has also reported decrease in net profit by 9.14% in the first quarter of the current fiscal year 2074/75. As per the report published in newspaper, the development has stated that its net profit decrease to Rs 1.06 crore in Q1 from Rs 1.10 crore reported in the corresponding quarter of the previous fiscal year 2073/74. It has collected deposits of Rs 1.32 arba and floated loans of Rs 1.14 arba in Q1. It’s paid up capital remains at Rs 45.87 crore and has reserve of Rs 98.83 crore. To meet the capital requirement of Rs 50 crore, it should hike its capital by Rs 4.13 crore (around 9%). The development bank non-performing loan (NPL) decrease to 0.44%. Its annualized Earning Per Share (EPS) now stands at Rs 8.78, net worth per share at Rs 119.03. Miteri Development Bank Limited (MDB) has also reported decrease in net profit by 9.84% in the first quarter of the current fiscal year 2074/75. As per the report published in newspaper, the development has stated that its net profit decrease to Rs 2.33 crore in Q1 from Rs 2.58 crore reported in the corresponding quarter of the previous fiscal year 2073/74. It has collected deposits of Rs 2.78 arba and floated loans of Rs 2.44 arba in Q1. It’s paid up capital remains at Rs 38.02 crore and has reserve of Rs 23.61 crore. To meet the capital requirement of Rs 50 crore, it had announced 31.48% bonus shares from the net profit of FY 2073/74. The development bank non-performing loan (NPL) decrease to 0.07%. Its annualized Earning Per Share (EPS) now stands at Rs 24.51, net worth per share at Rs 162.10 and P/E ratio at 21.83 times. Major Highlights: