Kankai Bikas Bank’s profit rises by massive 36% in Q2; EPS of Sahayogi Vikas Bank reaches Rs 19.81

Kankai Bikas Bank Limited (KNBL) has reported increment of 36.53% in its net profit in the second quarter of the FY 2075/76.

As per the unaudited financial report published today, its net profit has increased by 36.53% as compared to corresponding period in the last year’s report. Its net profit now stands at Rs 2.62 crore. Its operating profit has also significantly increased by 25.75% to Rs 2.70 crore.

As of Q2, Kankai Bank’s deposit base increased to Rs 1.09 arba. Out of this, it has floated loans of Rs 1.82 arba. With increase in floated loans, it has been able to increase its net interest income by 27.43% to Rs 7.46 crore.

Its paid up capital now stands at Rs 50 crore with a reserve of Rs 6.88 crore.

Its annualized EPS has now reached Rs 10.48, net worth per share at Rs 113.77 with P/E ratio of 11.54 times.

Major Highlights:

Sahayogi Vikas Bank Limited (SBBLJ) has posted an decent growth in its profit in the second quarter of the fiscal year 2075/76. It has posted a rise of 15.07% in its net profit in the second quarter of the fiscal year 2075/76.

According to the unaudited financial report published by the development bank today, its net profit stands at Rs 5.04 crore in second quarter, from Rs 4.38 crore in the corresponding quarter of the last fiscal year 2074/75. The operating profit has also increased by 42.49% to Rs 5.47 crore from Rs 3.84 crore as compared to the corresponding quarter of last fiscal year.

SBBLJ has negative growth of 0.36% in its net interest income. Its deposit collection has reached Rs 4.34 arba in Q2. Likewise, it has extended loans and advances of Rs 3.68 arba in Q2 whereas in the same period last year the figure stood at Rs 2.84 arba.

Its non-performing loan has declined to 1.63 percent in Q2 from 2.45 percent in the previous year report.

Earning per share (EPS) of SBBLJ stands at Rs 19.81 and net worth per share at 152,05.

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