Kamana Sewa Bikas Bank publish an outstanding Q2 report: net profit rises by 162.62% with annualized EPS of Rs 30.71, PE stands at just 7.98 times
Mon, Jan 18, 2021 7:15 AM on Financial Analysis, Latest,
Kamana Sewa Bikas Bank Limited (KSBBL) has published its second-quarter report for the FY 2077/78 with an outstanding rise in net profit by 162.62%.
The development bank’s profit has increased from Rs 14.85 crore in the second quarter of the fiscal year 2076/77 to Rs 39 crore in the second quarter of the fiscal year 2077/78. In the same quarter, the bank has Rs 27.19 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has a growth rate of 19.69% (compared to the immediate previous year ending) to Rs 38.18 arba and loans and advances to customers have increased by 20.26% (compared to the immediate previous year ending) to Rs 31.20 arba in the second quarter. The net interest income of the bank has increased by 19.85% to Rs 68.80 crore from Rs 57.41 crore of the corresponding quarter.
The bank’s paid-up capital stands at Rs 2.54 arba with Rs 76.42 crore as its reserve and surplus.
The Non-Performing Loan (NPL) has increased to 1.59% from 1.37%.
In the second quarter, the annualized EPS of the bank stands at Rs 30.71. The net worth per share stands at Rs 130.09 and the qtr end PE ratio stands at 7.98 times.
Financial Highlights:
* Figure is of Immediate Previous Year Ending
|
Particulars (In Rs '000) |
Kamana Sewa Bikas Bank |
||
|---|---|---|---|
|
Q2 2077/78 |
Q2 2076/77 |
Difference |
|
|
Share Capital* |
2,540,195 |
2,540,195 |
0.00% |
|
Share Premium* |
0 |
0 |
- |
|
Retained Earnings* |
268,927 |
-204,797 |
-231.31% |
|
Reserves* |
495,318 |
725,034 |
-31.68% |
|
Deposits from Customers* |
38,184,162 |
31,902,093 |
19.69% |
|
Loans & Advances to customers* |
31,202,816 |
25,945,446 |
20.26% |
|
Net Interest Income |
688,090 |
574,130 |
19.85% |
|
Impairment Charge/(Reversal) |
24,715 |
93,523 |
0.00% |
|
Personnel Expenses |
290,583 |
232,518 |
24.97% |
|
Operating Profit |
346,957 |
211,145 |
64.32% |
|
Profit/(Loss) for the Year |
390,048 |
148,519 |
162.62% |
|
Total Comprehensive Income |
394,223 |
124,697 |
216.14% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
271,967 |
- |
- |
|
Capital Adequacy Ratio (CAR) |
11.43 |
14.77 |
-22.61% |
|
NPL |
1.59 |
1.37 |
16.06% |
|
CCD (as per NRB Directives) |
77.19 |
78.53 |
-1.71% |
|
Cost of Fund (%) |
6.48 |
8.63 |
-24.91% |
|
Interest Rate Spread (%) |
4.99 |
5.33 |
-6.38% |
|
Base Rate (%) |
9.06 |
11.86 |
-23.61% |
|
Annualized EPS (In Rs.) |
30.71 |
11.69 |
162.62% |
|
Net Worth per Share (In Rs.) |
130.09 |
120.48 |
7.97% |
|
Qtr End PE Ratio (times) |
7.98 |
- |
- |
|
Qtr End Market Price |
245 |
- |
- |
