Karnali Development Bank's net profit declined to Rs 11.95 lakh; EPS at Rs 1.06

Karnali Development Bank Limited (KRBL) has earned net profit of Rs 11.95 lakh till the end of third quarter of the fiscal year 2074/75.

As per the quarterly unaudited financial statement released by the bank, its net profit has declined by 68.58% as compared to the third quarter last year. However, in this period, it has been able to increase its net interest income by almost 5.17% to Rs 4.41 crore.

Its deposit base has increased by 17.74% to Rs 2.12 arba, up from Rs 1.80 arba last year. Likewise, it has floated loans worth Rs 1.14 arba till Q3 this year whereas in the last year, the figure stood at Rs 96.91 crore. Its non-performing loans (NPL) have decreased to 3.29% from 4.72% posted in the same period last year.

It's paid up capital at the end of Q3 stands at Rs 15.10 crore with a reserve of Rs 4.69 crore. The company had issued 225% right share of Rs 33.97 cr but allotted only Rs 16.353 worth of shares. Almost 52% i.e. 17,62188 units went unsold. Once all the share will sold via auction then company paid up capital will reach Rs 49.075 cr and after including 72/73 FY 8% declared bonus of worth Rs 1.20 cr, the paid up will reach Rs 50.28 cr. within NRB mandated guideline. 

Its annualized EPS now stands at Rs 1.06, net worth per share at Rs 131.08 and P/E ratio at 114.15.

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