Kanchan Development Bank reports net profit of Rs 9.68 crore for Q4 of 2075/76; Bank's provision for possible losses increases by a staggering 76%
Sun, Aug 18, 2019 1:24 PM on Financial Analysis, Latest,
Kanchan Development Bank Limited ( KADBL) has published its Q4 report for the fiscal year 2075/76. The bank has reported a profit of Rs 9.68 crore in Q4 2075/76. The net profit of the company has increased by 25% compared to Rs 7.74 crore in the Q4 2074/75.
The development bank has collected deposits of Rs 5.92 arba and has floated loans of Rs 4.76 arba in the Q4 2075/76. Deposits and Loan & advances of the company have grown by 47% and 42% respectively, compared to the corresponding quarter of the last fiscal year.
The net interest income of the company has increased by 31%, from Rs 18.77 crore to Rs 24.75 crore in Q4 2075/76.
Similarly, the operating profit has increased by 14% to Rs 10.01 crore in Q4 2075/76.
The development bank's paid-up capital stands at Rs 53.13 crore with reserves of Rs 15.87 crore. The bank's NPL has decreased by 26% from 0.65 percent to 0.48 percent in Q4 2075/76.
The EPS and net worth of share stand at Rs 18.22 and Rs 129.89 in Q4 2075/76 respectively. The company has reported a P/E ratio of 10.54 times in Q4 2075/76.
Major highlights
| Particulars (In Rs '000) | KADBL | ||
|---|---|---|---|
| Q4 2075/76 | Q4 2074/75 | Difference | |
| Paid Up Capital | 531,300.00 | 506,000.00 | 5.00% |
| Reserve & Surplus | 158,797.53 | 126,321.51 | 25.71% |
| Deposits | 5,922,889.69 | 4,002,194.49 | 47.99% |
| Borrowings | 0.00 | 0 | |
| Loans & Advances | 4,767,426.36 | 3,351,606.52 | 42.24% |
| Net Interest Income | 247,523.27 | 187,736.57 | 31.85% |
| Provision for possible losses | 60,941.60 | 34,459.03 | 76.85% |
| Operating Profit | 100,140.24 | 87,609.50 | 14.30% |
| Net Profit | 96,812.59 | 77,430.91 | 25.03% |
| Capital Adequacy (%) | 12.23 | 15.69 | -22.05% |
| NPL (%) | 0.48 | 0.65 | -26.15% |
| CCD Ratio (%) | 72.6 | 72.38 | 0.30% |
| Cost of Fund (%) | 8.1 | 8.42 | -3.80% |
| Annualized EPS (In Rs.) | 18.22 | ||
| Net Worth per Share (In Rs.) | 129.89 | ||
| PE Ratio (times) | 10.54 | ||
.png)
