Kanchan Development Bank reports 16.74% rise in net profit for Q1 2076/77; Profit stands at Rs 1.39 crore with Annualized EPS of Rs 10.53
Thu, Oct 24, 2019 12:48 PM on Financial Analysis, Latest, Stock Market,
Kanchan Development Bank Limited ( KADBL) has published its Q1 report for the fiscal year 2076/77. The bank has reported a profit of Rs 1.39 crore in Q1 2076/77. The net profit of the company has increased by 16.74% compared to Rs 1.19 crore in the Q1 2075/76.
The development bank has collected deposits of Rs 5.81 arba and has floated loans of Rs 4.59 arba in the Q1 2076/77. Deposits and Loan & advances of the company have grown by 5.1% and 1.43% respectively, compared to the immediate previous ending (Q4 of FY 2075/76).
The net interest income of the company has increased by 51.07%, from Rs 4.8 crore to Rs 7.25 crore in Q1 2076/77.
Similarly, the operating profit has increased by 16.74% to Rs 1.99 crore in Q1 2076/77.
The development bank's paid-up capital stands at Rs 53.13 crore with reserves of Rs 8.49 crore. The bank's NPL has decreased by 18.89% from 1.8 percent to 1.46 percent in the review period.
The annualized EPS and net worth of share stand at Rs 10.53 and Rs 126.76 respectively. The company has reported a P/E ratio of 16.23 times.
Major highlights
* Figure are of Immediate Previous Year Ending (Audited)
| Particulars (In Rs '000) | KADBL | ||
|---|---|---|---|
| Q1 2076/77 | Q1 2075/76 | Difference | |
| Paid Up Capital | 531,300 | 531,300* | |
| Reserve & Surplus | 84,963 | 88,987* | -4.52% |
| Deposits | 5,815,263 | 5,533,331* | 5.10% |
| Loans & Advances | 4,592,194 | 4,527,358* | 1.43% |
| Net Interest Income | 72,525 | 48,006 | 51.07% |
| Impairment Charge/(Reversal) | 25,426 | 8,400 | 202.68% |
| Operating Profit | 19,990 | 17,123 | 16.74% |
| Profit/(Loss) for the period | 13,993 | 11,986 | 16.74% |
| Total Comprehensive Income | 6,581 | 11,986 | -45.09% |
| Capital Adequacy Ratio (CAR) | 12.74 | 14.26 | -10.66% |
| NPL | 1.46 | 1.8 | -18.89% |
| CCD (as per NRB Directives) | 73.16 | 76.64 | -4.54% |
| Cost of Fund (%) | 7.98 | 7.58 | 5.28% |
| Base Rate (%) | 10.94 | 11.48 | -4.70% |
| Annualized EPS (In Rs.) | 10.53 | 9.48 | 11.08% |
| Net Worth per Share (In Rs.) | 136.76 | ||
| PE Ratio | 16.23 | - | |
