Kamana Sewa’s mediocre performance in the first quarter; EPS stands at Rs 0.45

Tue, Nov 6, 2018 9:45 AM on Financial Analysis, Latest, Stock Market,
Kamana Sew...

Kamana Sewa Bikas Bank Limited (KSBBL) has registered 36.21 percent surge in net profit in the first quarter of the fiscal year 2075/76. Its net profit has increased to Rs 28.17 lakh in first quarter from Rs 20.68 lakh in the corresponding quarter of the fiscal year 2074/75.

According to the unaudited financial report published by the development bank today, Kamana Sewa Bikas Bank’s net interest income has risen to Rs 13.98 crore in Q1 as compared to Rs 9.64 crore in the corresponding quarter. It’s paid up capital remains at Rs 2.50 arba.

The development bank also amassed huge amount of deposits in the Q1 of the ongoing fiscal year. Deposits collection reached Rs 15.97 arba in Q1 from Rs 13.19 arba in the corresponding period last year.

Likewise, it has extended loans and advances of Rs 14.18 arba in Q1 of FY 2075/76 whereas in the same period last year the figure stood at Rs 11.92 arba.

Its non-performing loan has decreased to 1.71 percent in Q1 up from 2.11 percent in the previous year report.

KSBBL’s earning per share (EPS) stand at Rs 0.45, net worth per share at 128.75, and the P/E ratio at 328 times.

Major Highlights:

Particulars (In Rs '000)

KSBBL

Q1 2075/76

Q1 2074/75

Difference

Paid Up Capital

2,502,656

2,058,221

21.59%

Reserve & Surplus

719,491

831,060

-13.42%

Deposits

15,974,510

13,191,510

21.10%

Borrowings

-

-

-

Loans & Advances

14,184,115

11,924,752

18.95%

Net Interest Income

139,895

96,457

45.03%

Provision for possible losses

76,869

59,111

30.04%

Operating Profit

4,426

-690

-

Net Profit

2,817

2,068

36.21%

NPL (%)

1.71

2.11

-18.96%

Annualized EPS (In Rs.)

0.45

0.40

12.02%

Net Worth per Share (In Rs.)

128.75

140.38

-8.28%

P/E Ratio (In times)

328