Kanchan Development, Sahayogi Bikas and Kamana Bikas net profit at Rs 4.32 cr, 7.04 cr and 8.13 cr respectively
Fri, Aug 7, 2015 12:00 AM on Others,
ShareSansar August 7:
Kanchan Development Bank Limited (KADBL) has earned a net profit of Rs 4.32 crore in the fourth quarter of the last fiscal year.
Publishing its unaudited financial report for the fourth quarter today, the finance has stated that its net profit rose to Rs 4.32crore in the fiscal year 2071/72, up from Rs 3.13 crore of the fiscal year 2070/71.
Its deposit mobilization rose from Rs 1.14 arba to Rs 1.43 arba and it has succeeded in extending Rs 1.20 arba in loan, up from Rs 91.25 crore at the end of the fiscal year 2070/71.
The net profit is mainly fueled by the core business of development Bank as its net interest income has surged to Rs 7.95 crore from Rs 6.07 crore.
Its operating stands at Rs 6.60 crore where as in the corresponding quarter of previous fiscal year it was 3.08 crore.
The Development Bank’s non-performing loan has slightly decreased from 1.70 percent to 1.62 percent by the end of the fourth quarter. Its CD ratio is at Rs 74.46 percent and cost of Funds at 7.21 percent.
Its EPS now stands at Rs 32.80, net worth per share at Rs 143.64.
It has a paid up capital of Rs 13.20 crore and Reserve of Rs 5.76 crore.
Whereas, profit of Sahayogi Vikas Bank Limited (SBBLJ) has remained almost stagnant in the last fiscal year 2071/72 as compared to the previous fiscal year 2070/71.
The bank posted a meager profit rise of 1.15 percent in the fourth quarter of the last fiscal year 2071/72.
As compared to corresponding quarter of the fiscal year 2070/71, the net profit rose from Rs 7.04 crore to Rs 6.96 crore.
It has mobilized Rs 2.10 arab in deposits and extended Rs 1.77 arab in loans and advances last year, compared to the mobilization of Rs 1.90 arba on deposit and Rs 1.54 on loans in previous year.
The Development Bank’s net interest income has increased to Rs 13.09 crore as compared to corresponding quarter it was Rs 11.63 crore.
Its operating profit has declined to Rs 7.89 crore from 8.65 crore in the corresponding quarter of previous fiscal year.
It has done a provisioning Rs 3.05 crore for possible loss. It has also managed to write back Rs 3.17 crore by the end of the fourth quarter.
Its EPS (annualized) now stands at Rs 34.97, P/E ratio at 11.44 times and net worth per share stands at Rs 158.60.
The Bank has a paid up capital of Rs 20.14 crore and a Reserve of Rs 11.80 crore.
Similarly, Kamana Bikas Bank Limited (KMBL) has earned a net profit of Rs 8.13 crore in the fourth quarter of the last fiscal year which is a rise of 27.51 percent from the corresponding quarter to fiscal year 2070/71.
It has mobilized Rs 3.14 arab in deposits and extended Rs 2.56 arab in loans and advances last fiscal year.
The bank provisioned Rs 99.18 lakh last year for the possible loss. Its non-performing loan slightly went up to 0.29 percent in the fiscal year 2071/72 from 0.17 percent in the previous year of 2070/71.
The company’s paid up capital stands at Rs 27.83 crore and Reserve of Rs 12.31 crore.
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